Petroleum Products in India: Market Trends, Uses & Future Outlook
The world is watching India’s growth story, from the highways and factories to the planes in the sky and even the gas stove at home. The one force that lies at the centre of this growth is petroleum products. Yes, you name it; from mobility to manufacturing, petroleum products run India’s economic engine. The petroleum […]
Why India’s Petrochemical Industry is Poised for Global Growth?
India is making a big investment in the petroleum sector in the coming years as it is going to spend a substantial USD 37 billion in the medium term to achieve self-sufficiency in petrochemical manufacturing. This is a capital outlay that will result in a significant reduction in import dependence. The country is estimated to […]
Top 5 hurdles for the petrochemical industry by 2030
The petrochemical industry is among the key sectors of growth of any nation and important for the world economy. Everyday plastics, cosmetics, and pesticides are examples of Petrochemical products in India that are in high demand. Despite being a growing and high-demand industry, it is facing several new challenges as the world grows. India is an important […]
Emerging Trends in the Indian Petroleum Products Market
Being a growing economy, huge business, and manufacturing hub, India is among the largest users of petroleum products in the world. It has huge requirements for crude oil to produce gasoline and diesel. The everyday import volume of crude oil was around 5 million barrels. Hence, India has become the third-largest importer of oil. The demand for […]
Mitigating Risks: Essential Practice for Businesses to Thrive in Uncertainty
In the ever-shifting dynamics and landscape of the business world, effective risk management is fundamental. It acts as a core protective layer, proactively identifying and addressing potential threats that could disrupt operations, finances, or reputation. Risk management is not a one-time fix; it’s an ongoing process that demands constant vigilance to ensure long-term stability and […]
Comfort is Your Enemy: Maximize Potential by Raising the Bar
In our fast-paced business world, I’ve learned that change is not just inevitable; it’s the essence of growth. Reflecting on my professional journey of over four decades in both Government and private sector, I’m reminded daily that standing still is not an option. The idea that ‘Comfort is Your Enemy’ has profoundly shaped my approach […]
Energy Leader in India 2024 – Mr. Harak Banthia
Excerpts from Interview of Mr. Harak Banthia, CFO, HPCL-Mittal Energy Limited (HMEL), with Trade Flock Magazine’s Special Edition on ‘Energy Leaders in India 2024’ – March 2024. Always passionate and hungry about learning, sharing knowledge, and steering through financial landscapes, Harak Banthia has marked an illustrious journey as the Chief Financial Officer of HPCL-Mittal Energy […]
Digital Transformation in Petrochemical Plants – Why Digital Transformation is Important in the Oil and Gas Industry?
The global oil and gas industry was dealing with a seismic shockwave in 2020. A historic collapse in oil prices saw West Texas Intermediate (WTI) crude oil briefly dipping into negative territory in April of that tumultuous year. As the industry confronted the immediate challenges brought about by the COVID-19 pandemic, it became abundantly clear that the […]
Navigating the Future: ESG at the Helm of Oil & Gas Strategy
As the world increasingly pivots toward a sustainable future, the lens of ESG (Environmental, Social, and Governance) has emerged as the vanguard in the battle against climate change. These aren’t just initials on paper – they’re the driving forces that now shape our strategic framework and, more broadly, the industry’s roadmap. In my years navigating […]
Steering Organization to Success: The Power of Strategic HR
Over the years, one realization has been consistently reinforced: strategic HR isn’t just a conventional function but the keystone of an organization. It seamlessly merges strategy, talent, and the overarching vision of an organization. Here at HMEL, underpinned by our core values, HR has evolved beyond traditional paradigms. Instead of being merely a support function, […]
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