Hindustan Petroleum Corporation (HPCL) is actively investing in petrochemical manufacturing capacities through joint ventures, aiming to expand its portfolio as stated in their annual report. They are constructing India's first integrated grassroots refinery cum petrochemical complex in Rajasthan, with a high Petrochemical Intensity Index. HPCL also established a strategic business unit for petrochemicals and incorporated a subsidiary, HPCL Renewable & Green Energy Ltd., to focus on sustainability and expand into green energy businesses.
