Company type | Subsidiary |
---|---|
ISIN | INE094A01015 |
Industry | Petroleum |
Founded | 5 July 1952 |
Headquarters | Mumbai, Maharashtra, India |
Key people | Pushp Kumar Joshi (CMD) [1] |
Products | |
Revenue | ₹467,964.52 crore (US$59 billion) (2023) [2] |
₹−12,475.43 crore (US$−1.6 billion) (2023) [2] | |
₹−6,980.23 crore (US$−870 million) (2023) [2] | |
Total assets | ₹161,339.51 crore (US$20 billion) (2023) [2] |
Total equity | ₹32,263.27 crore (US$4.0 billion) (2023) [2] |
Number of employees | 8,504 (2023) [2] |
Parent | Oil and Natural Gas Corporation [3] |
Subsidiaries |
|
Website | hindustanpetroleum |
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai, and a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India. [4] [5] [6]
Since 2018, Oil and Natural Gas Corporation has owned majority of its stake. [3] It is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. [7] On 24 October 2019, it became a Maharatna (PSU). [8] HPCL lives the mantra of Delivering Happiness, through safety, sustainable growth, and helping the community.
HPCL was incorporated on 5 July 1952 as Standard Vacuum Refining Company of India Limited. In 1974, it changed it name after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the Esso (Acquisition of Undertakings in India) Act 1974. Caltex Oil Refining (India) Ltd. (CORIL) was taken over by the Government 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 (CPIL), 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. [9]
HPCL has been steadily growing over the years. The refining capacity increased from 5.5 million metric tonnes (MMT) in 1984–85 to 14.80 million metric tonnes as of March 2013. On the financial front, the net income from sales and operations grew from ₹2,687 crores in 1984–1985 to ₹2,06,529 crores in the 2012–13 financial year. During the 2013–14 financial year, the company's net profit was ₹1,740 crores. During the 2021–22 financial year following the COVID-19 pandemic, HPCL's profit was ₹6,383 crore and its revenue was ₹ 3,72,642 crore (its highest ever, up by 38%).
On 19 July 2017, the Government of India announced the acquisition of HPCL by the Oil and Natural Gas Corporation (ONGC). [10] On 1 November 2017, the Union Cabinet approved ONGC for acquiring a majority 51.11% stake in HPCL. On 30 January 2018, ONGC acquired the entire 51.11% stake, thus gaining majority ownership. [3]
HPCL wholly owns two major refineries in India: [11] one in Mumbai (west coast) with a capacity of 9.5 million tonnes per year, and one in Visakhapatnam (east coast) with a capacity of 8.3 million tonnes per year. [12]
In addition, HPCL holds an equity stake of 16.95% in Mangalore Refinery and Petrochemicals Limited, a company that runs a state-of-the-art refinery in Mangalore with a capacity over 9 million tonnes per year. HMEL, a joint venture between HPCL and Mittal Energy Investments Pte. Ltd, operates another refinery of 11.3 million tonnes per year in Bathinda, Punjab. [13] HPCL has signed a memorandum of understanding with the Government of Rajasthan for constructing a refinery near Barmer; it would be operated under a joint venture company called HPCL Rajasthan Refinery Limited (Popularly known as HRRL). [14]
HPCL also owns and operates the largest lubricant refinery in India, with a capacity of 335,000 metric tonnes, producing lube base oils of international standards.[ citation needed ] This refinery accounts for over 40% of India's total lube base oil production. Presently, HPCL produces over 300 grades of lubes, specialties, and greases.
The marketing network of HPCL consists of 21 zonal offices in major cities and 128 regional offices [15] facilitated by a supply and distribution infrastructure comprising terminals, aviation service facilities, liquefied petroleum gas bottling plants and distributors, lube filling plants and distributors, inland relay depots, and retail outlets (petrol pumps).
HPCL has a state-of-the-art information technology infrastructure to support its core business. The data center is at Hitech city in Hyderabad.
HPCL operates refineries in India, including:
In addition, HPCL operates other manufacturing facilities, including:
HPCL produces a wide variety of petroleum fuels and specialties:
HPCL also offers HP Drive Track Plus cards for consumers purchasing their products, and provides cashback as per the government cashback offers.
Hindustan Petroleum Gas
HPCL is focused on the appraisal and development of hydrocarbon accumulations in onshore and offshore projects. Operating projects include the Hirapur Marginal oil fields of the Cambay basin (near Gandhinagar, Gujarat) under a service contract with ONGC, and the pre-NELP production sharing contract for the Sanganpur field (Mehsana) with M/s Hydrocarbon Development Company (P) Ltd.
Oil India Limited (OIL) is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The central public sector undertaking is a Maharatna, with the Ministry of Petroleum and Natural Gas overseeing its operations. Headquartered in Duliajan, Assam, the company has its offices in Duliajan, Noida, Guwahati and Jodhpur.
Petronet LNG Limited is an Indian oil and gas company formed by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL). Petronet LNG Limited, one of the companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal in Dahej, Gujarat, and another terminal in Kochi, Kerala. While the Dahej terminal has a nominal capacity of 17.5 million tonnes per year, the Kochi terminal has a capacity of 5 million tonnes per year. Plans to build a third LNG terminal in Gangavaram, Andhra Pradesh were dropped in October 2019.
The HPCL Mumbai refinery is one of the most complex refineries in the country, is constructed on an area of 321 acres. This versatile refinery which is the first of India's modern refineries, symbolizes the country's industrial strength and progress in the oil industry. Mumbai Refinery has grown over the years as the main hub of petroleum products. The refinery has reached to present level through several upgradation and restructuring processes.
Visakhapatnam Refinery, is one of the two oil refineries of HPCL in India, the other being Mumbai Refinery. This was one of the first major industries of Visakhapatnam and first oil refinery on the East Coast. After the nationalisation, HPCL has transformed itself into a mega Public Sector Undertaking and it is second largest integrated oil company in India.
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.4 million) without any time or cost overrun.
Kochi Refinery Limited (KRL) is a crude oil refinery in the city of Kochi in Kerala, India. It is the largest public sector refinery in India with a production capacity of 15.5 million tonnes per year. Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. The refinery is situated at Ambalamugal, around 12 km (7.5 mi) east of the city centre.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. The company is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the Government of India. It is the largest government-owned-oil and gas explorer and producer in the country and produces around 70 percent of India's domestic production of crude oil and around 84 percent of natural gas. In November 2010, the Government of India conferred the Maharatna status to ONGC.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector undertaking (PSU) under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. BPCL was ranked 309th on the Fortune list of the world's biggest PSUs in 2020, and 792nd on Forbes's "Global 2000" list in 2021.
The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country. The ministry is headed by the Cabinet Minister Hardeep Singh Puri. M. M. Kutty is the Secretary of the Ministry. Dharmedndra Pradhan serving as the minister from 26 May 2014 to 7 July 2021 is the longest serving minister till date.
GAIL (India) Limited is a central public sector undertaking. It has the following business segments: natural gas, liquified natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemicals, city gas distribution, renewable energy including solar & wind, exploration and production, GAILTEL and electricity generation. GAIL was given the Maharatna status on the 1 February 2013 by the Indian Government, a status which 11 other Public Sector Undertakings (PSUs) have.
Industrial and commercial activities dominate Mangalore's economy. Mangalore is the only city in the state of Karnataka to have all modes of transport — air, road, rail and sea — as well as being one of only five cities in India to have both a major port and an international airport. Around 75% of India's coffee, timber and cashew nuts exports are handled by the New Mangalore Port. Mangalore International Airport is one of only two international airports in Karnataka; the other being Bangalore's Kempegowda International Airport. Mangalore is the fastest growing non-metropolitan area in South India and the second largest business centre in Karnataka. The city has some of the tallest buildings in South India, with many more under construction.
Mangalore Refinery and Petrochemicals Limited (MRPL), is a division of Oil and Natural Gas Corporation (ONGC) which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore. The refinery was established after displacing five villages, namely, Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.
Public Sector Undertakings (PSU) or Public Sector Enterprises (PSE) in India are government-owned enterprises in which 51 percent or more share capital is held by the Government of India or state governments or Joint venture between multiple Public Sector Enterprises. Depending on the level of government ownership, they can be broadly categorised as Central PSUs or State PSUs. These entities include government companies, statutory corporations, banking institutions, and departmentally run companies. PSUs are officially classified into three categories, which are Central Public Sector Enterprises (CPSE) and Public Sector Banks (PSB) owned by the central government or other CPSEs/PSBs, and State Level Public Enterprises (SLPE) owned by state governments or other SLPEs. CPSE is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSEs are granted the status of Maharatna, Navaratna, and Miniratna.
ONGC Mangalore Petrochemicals Limited (OMPL) was a division of Mangalore Refinery and Petrochemicals Limited, a part of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. OMPL was incorporated on 19 December 2006.
Indian Oil Corporation Limited is an Indian oil and gas company under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Headquartered in New Delhi, it is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country both in terms of capacity and revenue.It has consolidated refining capacity of 80.55MMTPA which it intends to increase to 107MMTPA by 2024-25. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce.
The petroleum industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra. As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM).
Barmer Refinery is an upcoming public sector refinery and petrochemical complex in the Pachpadra of Rajasthan, India. It is owned by HPCL Rajasthan Refinery Limited (HRRL), a joint venture between Hindustan Petroleum Corporation Limited and the Government of Rajasthan. This refinery will be connected with Jamnagar Refinery and Bathinda Refinery through Amritsar Jamnagar Expressway.
Kandla-Gorakhpur LPG pipeline (KGPL) is an under-construction gas pipeline project in India. It has a total length of 2,805 kilometres (1,743 mi) stretching from Kandla port in Gujarat to the city of Gorakhpur in Uttar Pradesh via Madhya Pradesh. The project cost is estimated to be ₹9,000-10,000 crore. It is constructed by IHB Limited, a joint venture company comprising three PSUs in India: the Indian Oil Corporation (IOCL), the Hindustan Petroleum (HPCL), and the Bharat Petroleum (BPCL). The pipeline connects refineries to liquefied petroleum gas (LPG) bottling plants.
HPCL-Mittal Energy Limited (HMEL) is an Indian integrated refining and petrochemical company, with operations spanning crude oil refining and petrochemical manufacturing. It is a public-private partnership between fortune 500 company, Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investments Pte Limited (MEIL), a part of the Lakshmi N. Mittal Group. It is headquartered at Noida, Uttar Pradesh and operates the 11.3 MMTPA Guru Gobind Singh Refinery (GGSR) at Bathinda, Punjab.
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