19 October 2026
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HPCL Participates in MC² Ignite Event in Bengaluru, MoU with IISc to Boost Energy Innovation 

HPCL CMD Vikas Kaushal joins industry, academia and startup leaders as MC² Foundation and IISc Bengaluru partner to accelerate energy innovation and R&D. 
Indian Masterminds Stories

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) participated in the MC² Ignite Outreach Event held in Bengaluru, bringing together leading voices from the energy industry, academia, research and the startup ecosystem to discuss innovations shaping India’s energy future.

Organised under the theme “From Ideas to Impact,” the event focused on emerging opportunities in the energy sector, research and development, startup-led innovation and collaborative solutions for India’s strategic energy needs.

HPCL CMD Vikas Kaushal Joins Energy and Innovation Leaders

Vikas Kaushal, Chairman & Managing Director, HPCL, joined senior representatives from industry, academia and research institutions at the event.

The key dignitaries present included:

  • Vikas Kaushal, Chairman & Managing Director, HPCL
  • Sandeep Maheshwari, Chief Executive Officer, MC² Foundation
  • Ajay Mehta, Vice President – Research & Innovation and Chief Engineer, R&D, Shell
  • Vipul Kumar Maheshwari, Executive Director – R&D, HPCL
  • Mr Deb Adhikari, Director, Federation of Indian Petroleum Industry (FIPI)
  • Prof. P. S. Anil Kumar, Dean – Administration & Finance, IISc Bengaluru
  • Other prominent representatives from the energy and innovation ecosystem

Read also: HPCL Receives ‘Crisil ESG 60’ Rating in Independent Assessment by CRISIL ESG Ratings & Analytics 

MC² Ignite Event Focuses on Energy Innovation

The event provided a platform for discussions on the opportunities and challenges shaping India’s energy sector.

Key highlights included:

  • Discussions on energy-sector opportunities and R&D themes
  • Presentations and showcases by startups
  • Interaction between industry, academia and research institutions
  • A panel discussion on re-imagining energy supply chains and materials
  • Focus on strengthening India’s strategic autonomy through innovation

The programme highlighted the growing role of collaboration among established energy companies, research institutions and startups in developing new technologies and solutions.

MC² Foundation and IISc Bengaluru Sign MoU

A major highlight of the event was the exchange of a Memorandum of Understanding (MoU) between MC² Foundation and the Indian Institute of Science (IISc), Bengaluru.

The collaboration aims to strengthen connections between industry, academia and the innovation ecosystem, creating opportunities for new ideas and accelerating the development of solutions relevant to India’s energy future.

The partnership is expected to contribute to:

  • Promoting collaborative innovation
  • Strengthening industry-academia engagement
  • Supporting new ideas and emerging technologies
  • Encouraging startup-led solutions
  • Accelerating innovation in the energy sector

Collaboration to Support India’s Energy Future

The MC² Ignite Outreach Event underlined the importance of partnerships in addressing the evolving requirements of India’s energy sector.

The participation of organisations from the energy industry, research and academic ecosystem provided a common platform to explore technology-driven solutions and new approaches to energy supply chains and materials.

The initiative also reflects the continued emphasis on innovation, research and development and startup support across India’s energy ecosystem.

About Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited (HPCL) is a leading Indian public-sector oil and gas company engaged in refining, marketing and distribution of petroleum products. HPCL operates refineries and an extensive fuel marketing network across India and is also expanding its presence in areas such as renewable energy, green technologies and emerging energy solutions.

Read also: HPCL Approves ₹19.25 Final Dividend at 74th AGM, Clears Key Board Appointments and Other Resolutions 


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