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Informist, Tuesday, Apr. 21, 2026

 

--HPCL: JV's Rajasthan refinery caught fire due to leakage of hydrocarbons 

--HPCL: No loss of life or injury to any personnel due to fire in refinery 

--HPCL: Started investigation to ascertain cause of incident in Rajasthan 

--HPCL: Don't expect material impact to financials due to Rajasthan fire 

--HPCL: To announce new date for PM Modi's visit to Rajasthan refinery soon

 

MUMBAI – Hindustan Petroleum Corp. Ltd. Tuesday said, prima facie, Monday's fire at the crude distillation unit of the refinery of HPCL Rajasthan Refinery Ltd. is expected not to have any material financial and operational impact. The fire incident occurred due to hydrocarbon leakage through one of the heat exchangers' valves, the company said in an exchange filing Tuesday. No casualties or injuries have been reported so far.

 

HPCL Rajasthan Refinery is a joint venture between HPCL and the Rajasthan government, with equity participation of 74% and 26%, respectively. HPCL Rajasthan Refinery, with a capacity of 9 million tonnes per annum, is a greenfield refinery-cum-petrochemical complex with 2.4 million tonnes per annum of petrochemical production capacity.

 

Investigations are underway to ascertain the true cause of the incident and look into remedial measures. "The fire was localized in the heat exchangers stack. Crude Distillation Unit (CDU), Vacuum Distillation Unit (VDU) and all other Units of the CDU section were quickly isolated," the company said. No other section of the refinery was impacted by the fire, and the affected units remain structurally safe, HPCL said.

 

Prime Minister Narendra Modi was due to visit the refinery Tuesday, but it was postponed following the incident. A new date will be announced soon, the company said. 

 

The Cabinet last week had approved increasing the project cost of this joint venture to INR 794.59 billion from INR 431.29 billion originally approved. It also greenlit increasing HPCL's equity contribution in the project to INR 196 billion, up INR 89.62 billion.

 

HPCL had reported a net profit of INR 40.72 billion for the December quarter, up around 35% on year. Its revenue, including excise duty of INR 94.29 billion, was INR 1.24 trillion, up 5% on year. At 1229 IST, shares of HPCL traded 1.19% higher at INR 384 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Anand JC

Edited by Tanima Banerjee

 

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