HPCL to Start Processing Crude at Barmer Refinery by January-End

Hindustan Petroleum Corporation Limited has indicated that operations at its new refinery in Rajasthan are nearing the start of crude processing, marking a key milestone in the company’s refining expansion, as per Reuters. 

Barmer Refinery Progress and Timeline 

The Barmer refinery, with a capacity of 180,000 barrels per day, has already received crude into its storage tanks.  

The company stated that crude-in at the crude distillation unit is expected by the end of January, paving the way for the start of processing by the end of the month. The commissioning of this facility is set to alter the ranking among state-run refiners. 

Refining Capacity and Asset Portfolio 

With the Barmer refinery coming on stream, HPCL is set to become the second largest state-run refiner, moving ahead of Bharat Petroleum Corporation Limited, which operates a combined capacity of 706,000 bpd across three refineries.  

HPCL currently runs a 190,000 bpd refinery in Mumbai, Maharashtra, and a 300,000 bpd refinery in Visakhapatnam, Andhra Pradesh.  

The company also holds a 48.99% stake in HPCL-Mittal Energy Limited, which operates the 226,000 bpd Bathinda refinery in Punjab and is in the process of raising its capacity by 10,000 bpd. 

Crude Sourcing Details 

According to LSEG trade flow and market data, HPCL has received multiple crude grades for its operations, including Azeri crude from Azerbaijan, Mesla grade from Libya, Nemba from Angola and Okwuibome oil from Nigeria. 

Read More: HPCL Q3FY26 Earnings Results Out: Net Profit Missed Estimates Despite Higher Revenue! 

Hindustan Petroleum Corporation Share Price Performance  

As of January 23, 2026, at 9:30 AM, Hindustan Petroleum Corporation Limited share price is trading at ₹427.50 per share, reflecting a decline of 0.047% from the previous closing price. Over the past month, the stock has declined by 10.02%. 

Conclusion 

The start of crude processing at the Barmer refinery is expected to strengthen HPCL’s refining footprint and position in India’s state-run refining sector. 

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