ONGC

LNG and gas business expansion

1. Strong refining business performance HPCL continues to benefit from healthy refining operations and improving refinery utilization levels. Refining margins remain a key factor influencing profitability. 2. Rajasthan Refinery project remains a major growth trigger The HPCL Rajasthan Refinery project is one of the company's most important expansion initiatives. Successful ramp-up of operations is expected to strengthen long-term earnings. 3. Fuel marketing business remains stable The company continues to maintain a strong presence in: Petrol retailing Diesel retailing LPG distribution Lubricants business Growth in fuel consumption supports overall business performance. 4. LNG and gas business expansion HPCL is increasing its focus on: LNG infrastructure Natural gas distribution Clean energy opportunities This diversification is expected to support future growth. 5. Strong dividend appeal HPCL remains popular among dividend-focused investors due to: PSU backing Strong cash generation Consistent dividend payouts 6. Beneficiary of rising energy demand Increasing transportation activity, industrial growth and rising energy consumption in India continue to support long-term demand for petroleum products. 7. Operational efficiency initiatives Management continues focusing on: Cost optimization Refinery efficiency Supply-chain improvements Digital transformation