HPCL Mumbai Refinery Hit by High-Salt Crude Disruption

Key Facts
HPCL’s statement to the stock exchange noted the crude's salt and chloride levels exceeded contractual specifications, leading to downstream unit damage and production losses.
The issue prompted HPCL to issue rare fuel import tenders—seeking 34,000 tons of gasoline and 65,000 tons of gasoil for early November delivery to Mundra port.
HPCL plans to seek damages from HOECL under the Crude Offtake Sales Agreement due to contract breach.
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