Hindustan Petroleum. File | Photo Credit: Reuters
Speaking to traders following the announcement of their second-quarter outcomes earlier this week, Mr. Kaushal mentioned that part of the Mumbai refinery that needed to be shut down following the affect of the contaminated gasoline is now “absolutely again and ramping as much as full capability”.
“Good information is that we’re virtually by means of with that, besides coping with among the contaminated merchandise,” he mentioned, including, “as of final night time, the unit which was down is absolutely again and now we’re ramping as much as full capability.”
Earlier this week, the state-owned refiner had acknowledged that part of the crude oil it had acquired from a provider, Hindustan Oil Exploration Company, had been found to be carrying “very excessive salt and chloride content material within the [acquired] crude oil”.
HPCL mentioned this had precipitated operational points throughout processing, together with corrosion in downstream models and yielding suboptimal outputs of their Mumbai refineries. In response, the provider had acknowledged it was analyzing the claims and was in dialogue with the refiner.
‘Impact could be absorbed’
Mr. Kaushal held the affect from contamination was “manageable”.
He knowledgeable that the refiner has a “dangerous product”, basically naphtha, which is “about 100 thousand metric tonnes (TMT)”.
“We had no possibility however to export it at a reduction that knocked us by about ₹150 crores,” he mentioned. The CMD additionally knowledgeable that there can be a postponement of revenues owing to one of many last ending models being down and the corporate having to carry again semi-processed merchandise. The revenues are anticipated to reach later subsequent month, he added.
Further, Mr. Kaushal knowledgeable there may be some leftover crude, and the refiner is attempting to dispose it.
“As and when it’s carried out, there can be some extra affect, however we don’t count on it to be large,” he emphasised. Finally, the senior government underlined that with the (a part of) unit out, there was some “additional motion” they needed to do. He held that the corporate would be capable to include it throughout the steered ₹150 crores.
“As a administration staff, we’re very snug at with the ability to mitigate the monetary affect of it,” he acknowledged.
Published – October 31, 2025 03:52 pm IST









