Hindustan Petroleum Corporation Limited has informed the Exchange regarding a press release dated January 30, 2026, titled "HPCL and IGX sign MoU to enhance access to HPCL s LNG Terminal at Chhara, Gujarat Goa".
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HPCL has signed a Memorandum of Understanding (MoU) with IGX (Indian Gas Exchange) to improve access to HPCL's LNG terminal located at Chhara, Gujarat. The partnership aims to facilitate smoother and broader access to the terminal's regasification capacity for various users. This collaboration is expected to help increase utilization of the Chhara terminal and strengthen HPCL's position in the LNG value chain. The announcement is based on a press release dated January 30, 2026.
Positive for HPCL shareholders as the MoU could boost utilization and revenue from the Chhara LNG terminal, though the deal is still at the MoU stage and not a binding final agreement yet.