Q1 FY 2024-25: HPCL achieves highest-ever ethanol blending of 14.3 per cent
Hindustan Petroleum Corporation Limited (HPCL) reported a standalone revenue of ₹1,20,859 crore in Q1FY25, with a consolidated PAT of ₹634 crore and standalone PAT of ₹356 crore. Lower profits were due to suppressed marketing margins and reduced refining margins, with average GRMs at US$5.03 per barrel. HPCL achieved a record 14.3% ethanol blending, producing 48.12 crore liters, and commissioned a Solid Oxide Electrolyser for green hydrogen production. The company also expanded its CBG and CNG facilities, with 115 active LoIs for CBG plants and 1,729 retail outlets with CNG facilities.
Hindustan Petroleum Corporation Limited (HPCL) has reported Standalone Revenue from Operations of ₹ 1,20,859 crore during 1QFY25 (₹ 1,19,044 crore during 1QFY24). The Company’s Consolidated Profit after Tax (PAT) during this quarter is ₹ 634 crore (₹ 6,766 crore during 1QFY24). The Standalone PAT during this quarter is ₹ 356 crore (₹ 6,204 crore during 1QFY24). The primary reasons for lower PAT are suppressed marketing margins on select petroleum products and reduced refining margins.
Average GRMs for 1QFY25 were US$ 5.03 per barrel (US$ 7.44 per barrel during 1QFY24). The reduction in GRMs is primarily due to lower cracks in line with the trend of international product cracks.
New Infrastructure/facilities towards the transition to a low-carbon economy
According to the release, HPCL achieved highest-ever ethanol blending of 14.3% during the quarter and blended approx. 48.12 Crore litres of Ethanol in MS, to reduce GHG emissions by 9.62 lakh MT.
A first-of-its-kind Solid Oxide based Electrolyser (SOE) was commissioned at HPGRDC for producing Green Hydrogen with 99.99% purity; this marks a significant step in evaluating this technology for futuristic hydrogen economy. This SOE system consumes around 25% lower energy than Proton Exchange Membrane (PEM) and Alkaline electrolysers.
The company’s first Biomass-based Compressed Bio Gas (CBG) Plant in Badaun, Uttar Pradesh, has produced 230.57 MT of CBG and commenced commercial sales during 1QFY25.
HPCL issued 8 new LoIs for CBG Plants having capacity addition of 54 TPD during 1QFY25, taking the total number of active LoIs to 115 with total CBG production capacity
of 671.1 TPD.
39 Retail Outlets commissioned CNG facilities during 1QFY25, taking the total number of Retail Outlets with CNG facilities to 1,729 as of 30th June 2024.
Source Link : https://www.chinimandi.com/q1-fy-2024-25-hpcl-achieves-highest-ever-ethanol-blending-of-14-3-per-cent/
Recommended for you
