Core Announcement – Order Details
Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL)
Domestic/International Order: Domestic Entity
Nature of Order/Contract: Supply of 1,40,000 numbers of 10 kg Composite LPG Cylinders (TYPE IV Composite LPG Cylinder)
Order Value: ₹38.14 Crores (Approximately)
Materiality Context: Described as a "major" order. The disclosure indicates it reflects accelerating adoption of composite LPG cylinders by India's leading oil marketing companies and reinforces the Company's leadership position in the composite cylinder business. The order supports HPCL's innovative distribution model through quick-commerce platforms for on-demand delivery to consumers.
Execution Timeline: Within six months
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No. Specifically stated as "Not a related party"
Promoter Group Involvement: No. Specifically stated that promoter/promoter group/group companies have no interest in HPCL
Financial Implication: Not Specified