HINDUSTAN PETROLEUM STARTS RESIDUE UPGRADATION FACILITY AT VISAKH REFINERY

has started operations at the residue upgradation facility (RUF) at its Visakh Refinery in Andhra Pradesh. The newly commissioned facility has a capacity of 3.55 million tonnes per annum (mtpa) and uses advanced LC-Max-based residue hydrocracking technology, allowing for the conversion of approximately 93% of low-value oils into high-value petroleum products. This project is India’s first residue hydrocracking unit and the first global deployment of LC-Max technology at such a scale. With a market cap of Rs 93,613 crore, the company's stock is trading at an attractive P/E of 6.81 making it a valuable buy for long term investment.