HINDUSTAN PETROLEUM CORPORATION LTD. - Clarification

Further to the Company's letter dated October 14, 2014 with respect to HPCL's Visakh Refinery, the Company has provided updates in the matter vide its letter dated November 5, 2014.<br/><br/>Hindustan Petroleum Corporation Ltd has inter-alia stated that "HPCL Vizag Refinery has become fully functional by 24th-26th October with about 90% throughput.<br/><br/>The repair works on cooling Tower cells which were damaged during cyclone are addressed on war footing basis in a sequence of temporary first followed by permanent repairs. The temporary works on tower cells enabled cooling water utility restoration to the minimum required there by maximizing primary unit throughputs.<br/><br/>With the part restoration of cooling towers by temporary repairs, through all refinery units are fully functional and the refinery Primary units throughput can be restored to 100%, but the limitation of cooling towers vis-a-vis limitation in secondary and treating units by about 5 to 10% is limiting utilization of corresponding 100% crude processing capacity.<br/><br/>The repair works on cooling towers on permanent basis would be completed by early December 2014 and thereafter Visakh refinery will be targeting 100% crude processing on sustainable basis".