HPCL Issues Clarification on CMD’s Residential Accommodation Report
The Maharatna PSU says that this has been done after approval from the board of directors of HPCL
In response to Indian PSU’s story titled “HPCL CMD’s ₹10 Lakh-Per-Month Rented Residence Raises Questions of Accountability” published on October 6, 2025, the Corporate Communications Department of Hindustan Petroleum Corporation Limited (HPCL) has issued a clarification stating that several points mentioned in the article are “factually incorrect and misleading.”
According to HPCL’s official statement:
“The accommodation, referred to in the said news item, has been obtained fully in line with HPCL’s Board-approved policy governing residential arrangements. The decision and related approvals were duly processed through the authorised governance mechanism of the Company in compliance with the established norms.”
The company further stated that HPCL has never had any ad-hoc or designated bungalow earmarked for its Chairman & Managing Director (C&MD), Directors, or any officer. “Allotment of Company-owned, leased, or leave-and-licence accommodation, wherever applicable, is governed strictly by the Company’s policy, based on operational requirements, availability, and the position held by the concerned officer,” the statement said.
HPCL added that the current accommodation arrangement was finalised following a transparent process, which included due diligence and commercial evaluation of available market options. “All requisite internal approvals were obtained in accordance with the Company’s governance framework,” it clarified.
Emphasising its commitment to accountability, the company said:
“HPCL adheres to the highest standards of corporate governance, transparency, and fiscal prudence. All expenditures and perquisites are governed by applicable regulations, and due compliance and disclosures are made as per statutory and regulatory requirements.”
