Momentous: HPCL achieves 100th patent grant

New Delhi: Hindustan Petroleum Corporation Limited's (HPCL) HP Green Research and Development Centre (HPGRDC), Bengaluru has received its 100th patent grant in July 2021, within just five years from its establishment.

HPCL's Chairman & Managing Director (CMD) Mukesh Kumar Surana on this momentous occasion said, "HPGRDC established in 2016, with an objective to develop innovative & path-breaking technologies & products to cater to the needs of the country, has 15 Research Laboratories & a dedicated team of over 80 scientists working on frontier areas".

"HPGRDC has filed over 295 international and national patents and has been receiving patent grants from US, Europe, Canada, Japan, and India" he added.

While HPCL's Director (Refineries) Vinod S Shenoy said, "Through development and commercialisation of 25 novel technologies and products, HPGRDC has led to significant cost benefits and efficiency improvements in the refining and marketing. Over 20 patents granted till date have been commercialised and the intellectual property (IP) rights of the commercialised technologies are protected by patents".

"Moreover, many new technologies and products are ready for commercialisation in the immediate future," he added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)