Hindustan Petroleum step for commissioning cargo for Chhara terminal

The Oil refining PSU Hindustan Petroleum’s shares piece is soon going to get a boost as it is in discussions with several counterparties to secure an LNG cargo to commission its new Chhara terminal in Rajasthan in December, or early January.

Chhara, with 5 mtpa nameplate capacity and situated in western India, is HPCL’s sixth terminal – developed to source long-term gas supply for adjacent power stations.

The shares of the company are trading over 1.1% as of now with new renewals holding the pace amid several oscillations of up and downs.