Whalesbook
So, hua yeh hai ki HPCL Rajasthan Refinery ka jo big inauguration date tha, April 21, 2026, woh ab cancel ho gaya hai. Pata hai kyun? Kal, yaani April 20, 2026 ko, refinery ke Crude Distillation Unit (CDU) ke paas aag lag gayi thi. Good news yeh hai ki Oil Ministry ne confirm kiya hai ki aag control mein hai aur kisi ko chot nahi aayi.
Project Cost Badha Aur Dair Bhi Hue
Ab dekho, yeh jo project hai na, HPCL Rajasthan Refinery Limited (HRRL), yeh pehle se hi extend ho raha tha. Aur ab toh iska budget bhi badh gaya hai! Pehle ₹43,129 crore lagne wale the, ab yeh ₹79,459 crore tak pahunch gaya hai. HPCL ne apna stake maintain karne ke liye ₹19,600 crore invest kiye hain. Project July 1, 2026 tak commercial operations start karne wala tha, trial runs bhi chal rahe the. Lekin yeh aag aur vendor issues, material costs badhne ki wajah se sab uncertain ho gaya hai. Safety protocols bhi double check karne padenge, jisse cost aur time dono badh sakte hain.
Global Oil Market Ka Tension
Aur bhai, situation isliye aur tense hai kyunki pura global oil market hi hil raha hai. Middle East mein jo tension chal rahi hai, usse crude oil prices bahut volatile ho gaye hain. India toh imports par depend karta hai, toh yeh sab chalta rehta hai. UBS jaise analysts ne toh Indian stocks ko 'Neutral' kar diya hai, aur OMCs jaise HPCL, IOCL, BPCL ko vulnerable bata rahe hain. March mein thoda ceasefire hua toh stocks bhage the, par ab wapas Strait of Hormuz jaise routes ko lekar uncertainty hai. Isse OMCs ka profit margin affect hota hai, kyunki retail fuel prices toh immediately change nahi kar sakte.
Aur Bhi Risks Hain
Sirf aag hi nahi, project ka cost overruns aur volatile oil prices ka impact HPCL ke liye mushkil khadi kar raha hai. Pichhle mahine March 2026 mein do HPCL officials ki death bhi hui thi, jisse company ki governance aur employee safety par bhi sawaal uth rahe hain. Stock pehle thoda gira bhi tha. Analysts ka view HPCL par 'Neutral' hai, target ₹441.35 ke aas paas hai, par kuch 'Sell' ratings bhi hain. Toh investors ko patience rakhna padega. Company ko bade capital spending, oil prices aur safety manage karni padegi.
Aage Kya?
Waqt batayega ki HPCL yeh challenges kaise face karta hai. Refinary project toh India ki demand ke liye important hai, par current situation mein sab kuch risky lag raha hai.