Hindustan Petroleum Corporation Limited — Important, 13-01-2025: General Updates

HPCL LNG Limited has successfully commissioned its LNG Regasification Terminal at Chhara, Gujarat, with a capacity of 5 MMTPA. The initial LNG cargo from the ship Maran Gas Coronis was successfully discharged into the terminal's storage facilities. This project required an investment of approximately ₹4,750 Crores and includes extensive facilities for LNG receipt, storage, regasification, and supply to the gas grid.

The terminal will operate on a tolling model, allowing third-party access through long-term contracts or spot cargo agreements. HPCL is set to start commercial operations soon with the first cargo already delivered. This development marks a significant step in enhancing HPCL's operational capabilities and can positively impact its revenue streams and market position. Investors should watch closely for the terminal's operational performance and its potential to tap into the growing LNG market in India.