Mumbai-based Hindustan Petroleum Corporation (HPCL), public sector undertaking in petroleum and natural gas expects a more balanced refining–marketing portfolio, stable crude sourcing, and stronger growth from its lubricants business in the coming quarters.

Vikas Kaushal, Chairman and Managing Director, HPCL told CNBC-TV18 that the company is moving toward a more stable operating structure while staying prepared for currency swings, global demand changes and geopolitical risks.

Kaushal said the recent rupee depreciation has been manageable for HPCL , even though the company imports a large amount of crude. The impact so far has been limited because the movement has remained within a small range, and the company has been able to absorb it.

The HPCL board had earlier approved a demerg

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