Hindustan Petroleum Corporation (HPCL) executed a Share Subscription and Shareholders Agreement (SSSHA) with IIT Kanpur incubated Deep-tech Startup Maraal Aerospace at IEW 2026, Goa, on 29 January 2026 marking a significant milestone in advancing India`s clean-energy and deep-tech aerospace ecosystem. Under HPCL`s Startup Support Initiative �HP Udgam`, HPCL is investing Rs. 2 crore in the startup to accelerate product development, testing, and system validation, enabling faster product realization and scale-up.Maraal Aerospace is developing India`s First Solar-Powered Long endurance Drone powered by clean-energy propulsion. The product combines high-efficiency aerodynamics with solar-assisted electric propulsion, offering up to 12 hours of endurance, 150 km one-way range, and service ceiling up to 6 Km above Mean Sea Level with low operating costs and reduced logistical dependence. The product will significantly strengthen India`s defence and critical civilian applications, including border and maritime surveillance, ISR missions, infrastructure and asset inspection, and disaster management operations. The company`s roadmap includes a Solar + Hydrogen hybrid variant targeting 24-hour endurance and future High Altitude Pseudo Satellite platform capable of missions exceeding 90 days. Through this partnership, HPCL reaffirms its commitment to strengthening India`s indigenous innovation ecosystem in clean-energy and deeptech startups.Powered by Capital Market - Live News

Indian Gas Exchange (IGX) and Hindustan Petroleum Corporation (HPCL) signed a Memorandum of Understanding (MoU) to strengthen access to regasification infrastructure and deepen market-based participation in India`s natural gas ecosystem.Under the collaboration, IGX will develop a digital, market-driven platform to facilitate transparent booking of regasification services at HPCL`s Chhara LNG Terminal. HPCL will offer its storage and regasification capacities for booking in pre-specified quantities and durations through this platform. The initiative is aimed at improving infrastructure utilization, widening participation, and supporting the evolution of a more liquid, competitive, and efficient gas market in India.Powered by Capital Market - Live News

Hindustan Petroleum Corporation (HPCL) and Castrol India�have signed a Memorandum of Understanding to explore the development of Re-Refined Base Oil (RRBO) ecosystem in India. Under this MoU, the two companies will work together to evaluate a model for collecting used lubricating oil, have it re-refined for its use in lubricant production. The collaboration aims to assess the commercial, operational and technical feasibility of such a circular model at scale.Speaking on the collaboration, Saugata Basuray, Interim CEO, Castrol India, said, �Used oil is a valuable resource if collected and processed in the right way. This MoU allows us to explore a model that could reduce waste, lower environmental impact and support India`s growing focus on circularity. We look forward to working with HPCL to evaluate its potential at scale.�India generates significant volume of used lubricating oil every year, much of which is either under-collected or disposed off informally. International studies show that re-refining used oil can recover up to 70-80% of it as high-quality base oil, while using considerably less energy than refining crude-based virgin base oils. RRBO, when processed to required specifications, has been demonstrated globally to perform on par with conventional base oils.The two companies will begin work on the assessment immediately, including mapping collection channels, evaluating re-refining capacity and testing RRBO for suitability across lubricant formulations. Findings from the study will guide the next phase of the initiative. Powered by Capital Market - Live News

Net profit of Hindustan Petroleum Corporation rose 57.70% to Rs 4011.40 crore in the quarter ended December 2025 as against Rs 2543.65 crore during the previous quarter ended December 2024. Sales rose 4.13% to Rs 114623.45 crore in the quarter ended December 2025 as against Rs 110082.44 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales114623.45110082.44 4 OPM %6.104.99 - PBDT6991.175026.38 39 PBT5316.983508.66 52 NP4011.402543.65 58 Powered by Capital Market - Live News

Hindustan Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 21 January 2026.Powered by Capital Market - Live News