News Sponsored by Neste Base Oils

Monday, November 27, 2017VOLUME 13 ISSUE 48
Information on Advertising
Back to the Newsletter
News Sponsored by Martin Specialty Products
News Sponsored by Martin Specialty Products
Media Partner
Media Partner
Digital Book: LubriTec Synthetic Lube XRef - ED 6
Digital Book: LubriTec Synthetic Lube XRef - ED 5
Click Here to Subscribe, Unsubscribe or Change Your Options
HPCL Expanding Lubes Business

India's state-run Hindustan Petroleum Corporation Ltd (HPCL) announced it is expanding its lubricants business in India's neighbourhood.  After launching its lubricants in Myanmar last month, India's third-largest fuel retailer (after Indian Oil (IOCL) and Bharat Petroleum (BPCL)) is working on marketing its lubricants in Nepal and Bhutan as well as looking at resuming sales in Bangladesh soon, according to the Times Of India.

"We are the largest lubricants marketer (including base oil) in India. We are now looking at markets beyond the country's boundaries to sell finished products as they bring more value," HPCL chairman and managing director M K Surana told the Times Of India. Lubes account for nearly a quarter of the company's profit.

HPCL operates a lube base oil plant, the country's largest, in Mumbai with a capacity to produce up to 9,400 barrels per day, consisting of 4,900 bpd of Group I base oil, 4,000 bpd of Group II base oil and 500 bpd of Group III base oil.

"We supply base oil for many major brands in the Indian market. We want to run our lubes refinery at the brim. We are looking at expanding the market for products which is more profitable than selling base oil," Surana said.

Director (marketing) S Jeyakrishnan said HPCL is going on its own in the new markets instead of tying up with local partners. "We are appointing dealers through advertisements taken out in consultation with our embassies," he said.

The company reported a net profit of Rs 1,735 crore (US$266.4 million) in the second quarter, marking a 147% increase over the previous corresponding period. Gross sales increased to Rs 54,153 crore from Rs 47,750 crore in the same period last year.

News Sponsored by Lexolube
News Sponsored by Lexolube
November 20, 2017
November 13, 2017
November 6, 2017
October 30, 2017
October 23, 2017


Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. Please send all comments and correspondence to
Published by Lubrication Technologies, Inc.
Copyright © 2017 Lubrication Technologies, Inc. All rights reserved.
Privacy Policy

Powered by IMN™