Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas
company with its headquarters at Mumbai, Maharashtra and with Navratna status.
HPCL has been ranked 260th in the Fortune Global 500 rankings of the world's biggest
corporations and 4th among India's Companies for the year 2012.
HPCL has about 25% marketing share in India among PSUs and a strong marketing infrastructure.
The President of India owns 51.11% shares in HPCL.
History HPCL was incorporated in 1974 after the takeover
and merger of Erstwhile Esso Standard and Lube India Limited by the Esso Act 1974.
Caltex Oil Refining Ltd.- CORIL was taken over by Govt. of India.
in 1976 and merged with HPCL in 1978 by the CORIL-HPCL Amalgamation Order, 1978.
Kosan Gas Company was merged with HPCL in 1979 by the Kosangas Company Acquisition Act,
1979.
In 2003, following a petition by the Centre for Public Interest Litigation, the Supreme
Court of India restrained the Central government from privatizing Hindustan Petroleum and Bharat
Petroleum without the approval of Parliament.
As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to
disinvest in the companies would be to repeal or amend the Acts by which they were nationalized
in the 1970s.
As a result, the government would need a majority in both houses to push through any privatization.
HPCL has been steadily growing over the years.
The refining capacity steadily increased from 5.5 million metric tonnes in 1984/85 to 14.80
million metric tonnes as of March 2013.
On the financial front, the Net income form Sales/operations grew from IN 2687 crores
in 1984-85 to IN 2,06,529 crores in financial year 2012-13.
During FY 2013-14, its net profit was IN 1740 crores.
Operations HPCL operates two major refineries producing
a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 Million Metric Tonnes
Per Annum capacity and the other in Vishakapatnam, with a capacity of 8.3 MMTPA.
HPCL holds an equity stake of 16.95% in Mangalore Refinery & Petrochemicals Limited, a state-of-the-art
refinery at Mangalore with a capacity of 9 MMTPA.
Another Refinery of 9 MMTPA, set up in Bathinda, Punjab by HMEL, a Joint Venture with Mittal
Energy Investments Pte.Ltd.
HMEL has commenced commercial operations.
HPCL has signed a MOU with Government of Rajasthan for setting up a Refinery near Barmer in Rajasthan.
It would be operated under a JV Company called HPCL-Rajasthan Refinery Limited.
HPCL also owns and operates the largest lube refinery in India producing Lube Base Oils
of international standards, with a capacity of 335 TMT.
This lube refinery accounts for over 40% of India's total lube base oil production.
Presently HPCL produces over 300+ grades of lubes, specialities and greases.
The marketing network of HPCL consists of 13 zonal offices in major cities and 101 regional
offices facilitated by a Supply & Distribution infrastructure comprising Terminals, Aviation
Service Facilities, LPG Bottling Plants, Lube filling plants, Inland Relay Depots, Retail
Outlets and LPG & Lube Distributorships.
HPCL has state of art information technology infrastructure to support its core business.
The data center is located at Hitech city in Hyderabad.
Products
Petrol : Known as Motor Spirit in Oil Industry.
HPCL markets the product through its retail pumps spread all over India.
Its principle consumers are regular personal vehicle owners.
Diesel : Known as High Speed Diesel in Oil Industry.
HPCL markets the products through its retail pumps as well as terminals and depots.
Its consumers are not only regular auto owners but also transport agencies, industries etc.
Lubricants : Riding on its brand - HPLubes, HPCL is the market leader in lubricant and
associated products.
It commands over 30% of market share in this sector.
The popular brands of HP lubes are Laal Ghoda, Milcy, Thanda Raja, Koolgard, Racer4, etc.
LPG : HPGAS, The HPCL brand of LPG is a popular brand across India for domestic and industrial
uses..
Aviation Turbine Fuel With major ASF(Air Service Facility) present in all major airports of
India.
HPCL is a key player in this sector supplying ATF to major airlines.
It has an accomplishment of sorts to supply fuel to US Air Force 1.
Bitumen Furnace Oil
Refineries HPCL has a number of refineries in India.
Some are listed below: Mumbai Refinery - 6.5 Million Metric Tonnes
Capacity Visakhapatnam Refinery - 8.3 MMT at Visakhapatnam
Mangalore Refinery Pvt. Ltd.
- 9.69 MMT at Mangalore, Karnataka(HPCL has 16.65% Stake).
Guru Gobind Singh Refinery - 9 MMT at Bathinda, Punjab.
Barmer Refinery -9 MMT Capacity.
It is a Joint Venture with Rajasthan Government.
International rankings HPCL is a Fortune Global 500 company as per
the ranking of 2013 and was ranked at position 260.
HPCL was featured on the Forbes Global 2000 list for 2013 at position 1217
It is 10th most valuable brand in India according to an annual survey conducted by Brand Finance
and The Economic Times in 2010.
Recognition and awards NDTV Profit Business Leadership Award
Reader’s Digest ‘Trusted Brand Asia Platinum’ Award
Golden Peacock Corporate Governance Award 2008
CIO 100 Award 2008 India Star Award
OISD Safety Award National Award For Excellence In Cost Management
Greentech Environment Excellence Award 2008 Best HR Practices in ‘People Management’
Major facilities Mumbai refinery - Fuel & Lubes
Vizag refinery - Fuel.
Mangalore - MRPL Batinda - HMEL
Lube, Grease & Specialities - State of art plant at Silvassa.
Lube & Grease mfg facility - Mazagaon, Mumbai.
LPG storage Cavern - one of the biggest storage facility of LPG in Asia at Vizag - SALPG
Pipelines - MBPL, PSPL, MDPL, VVSPL.
Several Terminals & depots.
Many LPG bottling plants.
Major ongoing projects New Refinery near Barmer in Rajasthan
Rewari Kanpur Pipeline Diesel Hydro Treating at Mumbai & Visakhapatnam
refineries Banglore Manglore Pipeline
Subsidiaries Prize Petroleum Company Limited:
Prize Petroleum Company Limited is the Wholly Owned Subsidiary of Hindustan Petroleum Corporation
Limited.
Prize is focused on the appraisal and development of hydrocarbon accumulations in the onshore
and offshore projects by conducting exploration, development and production of petroleum and
other activities in accordance with its mission.
Prize's operating projects are Hirapur Marginal oil fields of Cambay basin located near Gandhinagar
under the service contract with ONGC; and the pre NELP Production Sharing Contract for
the Sanganpur field with M/s Hydrocarbon Development Company Ltd as Operator.
Recently, Prize has signed an Sale Purchase & Agreement to acquire non-operated minority
stake in two gas assets in offshore south Australia.
HPCL Biofuels Limited CREDA-HPCL Biofuels Limited
HPCL Rajasthan Refinery Limited See also
Rajiv Gandhi Institute of Petroleum Technology References
External links Official website
HPCL's Loyalty Program for Fleet Card - DriveTrackPlus