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Hindustan Petroleum Corporation Limited (HPCL) reported that its operational efficiency programme, Project Samridhi, improved earnings by USD 0.54 per barrel during FY26 through cost optimisation and refinery performance enhancements. The initiative generated EBITDA gains of INR 1,691 crore while supporting broader investments in refining, pipeline and fuel retail infrastructure. The programme forms part of HPCL's strategy to strengthen operational efficiency, expand energy infrastructure and improve financial performance across its refining and marketing network.
Hindustan Petroleum Corporation Limited (HPCL) has strengthened its operational performance through Project Samridhi, an enterprise-wide efficiency programme that delivered an earnings improvement of USD 0.54 per barrel during FY26. The initiative generated EBITDA gains of INR 1,691 crore by improving refinery operations, reducing costs and enhancing productivity across the company's refining and marketing businesses.
Project Samridhi was introduced as HPCL's long-term operational excellence programme aimed at improving profitability while supporting investments in refining, pipeline and fuel distribution infrastructure. The company said the initiative focuses on process optimisation, energy conservation, digital interventions and operational efficiencies across multiple business verticals. According to HPCL, recurring savings accounted for approximately INR 740 crore of the total EBITDA gains, with the remaining benefits arising from one-time operational improvements implemented during the financial year.
The programme complements HPCL's ongoing infrastructure expansion across India's downstream energy sector. During FY26, the company expanded its retail fuel network to 25,098 outlets after commissioning 526 new retail outlets in the final quarter. It also continued strengthening its city gas distribution infrastructure by laying an additional 160 inch-km of steel pipelines and 130 km of MDPE pipelines during the quarter, taking cumulative pipeline additions substantially higher. Around 95% of HPCL's retail outlet network has also been solarised as part of its energy transition strategy.
HPCL also advanced several major refinery infrastructure projects during the year. The Residue Upgradation Facility (RUF) at the Visakh Refinery was commissioned, enhancing refining complexity and enabling greater production of high-value petroleum products. The company expects the project to improve refinery gross refining margins by an estimated USD 2.5-3 per barrel from FY27. Construction of the Rajasthan refinery and petrochemical complex also progressed, with commissioning activities continuing in phases.
Alongside physical infrastructure, HPCL continued investing in technology and research. The HP Green R&D Centre filed 779 patents by the end of FY26, of which 312 had been granted. The company also expanded renewable energy initiatives, sustainable aviation fuel research, compressed biogas projects and digital customer platforms as part of its broader operational modernisation programme.
HPCL said Project Samridhi remains central to its strategy of improving operational resilience while supporting future infrastructure investments across refining, marketing and clean energy businesses. By combining cost optimization with capacity expansion, the company aims to strengthen its downstream energy network while improving efficiency across its nationwide infrastructure assets.
Source: HPCL
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