Delhivery Secures HPCL’s Lubricant Distribution Nationwide Order

Hindustan Petroleum Corporation Ltd (HPCL) has partnered with Delhivery to manage the distribution of its branded lubricants, HP Lubricants, across India. The deal involves the movement of millions of lubricant stock-keeping units (SKUs) using Delhivery’s logistics network.

The collaboration will rely on Delhivery’s Part Truck Load (PTL) logistics network and its centralized tracking systems. These tools are expected to simplify supply chain management, enabling HPCL to streamline deliveries and monitor things effectively.

Statements from the Companies

Ch Srinivas, Executive Director of HPCL’s Lubes segment, described the partnership as an opportunity to integrate HPCL’s existing systems with Delhivery’s logistics capacity. “This collaboration ensures a smooth, end-to-end distribution system while maintaining efficiency and product quality,” he said.

Suraj Saharan, co-founder of Delhivery, talked about the scale of operations and the company’s readiness to manage them. He stated that the deal highlights Delhivery’s ability to deliver solutions for large-scale logistics operations.

HPCL’s and Delhivery’s Reach

HPCL, a Maharatna public sector company, operates a vast network of over 23,000 retail outlets and 6,400 LPG distributors. It serves millions of customers and manages two refineries in addition to a lube refinery.

Delhivery, known for its extensive reach, operates across more than 18,700 pin codes in India. Since its inception, it has handled over 3.2 billion shipments and serves over 38,000 clients, ranging from startups to established enterprises.

Market Reaction

As of 3:30 PM today, on January 27, Hindustan Petroleum Corporation Ltd shares closed at ₹345.65, down by 2.04% for the day, showing a 9.29% decline over the past six months but a 14.63% increase over the past year, whereas Delhivery’s stock ended at ₹315.60, down by 1.91% today, showing a 23.47% drop in the last six months and a 26.24% decline over the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.