New Delhi: Hindustan Petroleum Corporation Ltd (HPCL) has bagged a long-term contract from ONGC Petro Additions Ltd (OPaL) for the supply of natural gas to their Mega Petrochemical Complex at Dahej, the oil marketing company told the bourses in a regulatory filing on Monday. “Hindustan Petroleum Corporation Ltd (HPCL) is enhancing its footprints in the Natural Gas market and has secured a major long-term contract from ONGC Petro additions Ltd (OPaL) for the supply of Natural Gas to their Mega Petrochemical Complex at Dahej,” said HPCL.
OPaL, a joint venture of ONGC, GAIL and GSPC, requires natural gas for operating its own Captive Power Plant (CPP) for supporting its power and steam requirements. HPCL has won the contract through competitive bidding against a tender floated by OPaL. HPCL will be supplying 13.53 Trillion Btu of Natural Gas to OPaL during the period October 23 to May 26 under this contract.
“HPCL has ambitious plans for natural gas business and is focused to build a strong foothold in petrochemical, fertilizer and other sectors,” said HPCL.
HPCL has also entered into an agreement with Automin Car Services Pvt Ltd, a subsidiary of Petromin Corporation, Kingdom of Saudi Arabia (KSA), to establish co-branded HP-Petromin Express vehicle service centres across India, the company said in the same regulatory filing.
Petromin is a leading mobility solutions player in automotive technology with more than 700 multi-brand quick-service outlets across GCC. “This strategic partnership aims to provide world-class customer experiences at affordable prices and offer a comprehensive range of solutions under one roof, including lube change, light repairs, periodic maintenance, battery replacements, tire services, air conditioning repairs and eco carwash facilities. The co-branded HP-Petromin Express vehicle service centres will be located in HPCL’s select retail outlets in metros and other major cities across India,” said HPCL.
