HPCL payment dispute
HPCL has withheld ₹259 crore for crude oil sold in September 2025, citing contamination. Management is seeking amicable resolution but may need to resort to arbitration, delaying cash flows.
HINDUSTANOILEXPLORATION / Q3-FY26 / risks
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Hindustan Oil Exploration · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Northeast gas grid connectivity delays
The DNPL line hookup, expected by March 2026, may slip further, delaying the ramp-up of Dirok production.
Offshore drilling delays due to cash constraints
The HPCL dispute and limited cash (₹30 crore) may force the company to delay offshore drilling or seek additional debt/equity.
Carson partner approval risk
Drilling of additional wells in Carson requires partner (Oil India) approval, which is pending.