Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited (HPCL) was formed on July 15, 1974. HPCL is a Maharatna Central Public Sector Enterprise (CPSE) with annual Gross sales of Rs. 4,59,815 crore during 2023-24. On 31st January 2018, the Government of India transferred its 51.11% equity stake in HPCL to the Oil and Natural Gas Corporation (ONGC). As of June 2024, the shareholding (as a % total number of shares) of ONGC (Promotor & Promotor Group) is 54.9%, and the balance 45.1% is held by others.

HPCL achieved the highest-ever sales volume of 46.8 MMT and processed the highest-ever 22.3 million tonnes of crude during 2023-24 with 103% refinery capacity utilization and achieved the highest-ever pipeline throughput of 25.8 MMT during the year. HPCL enjoys approximately 20.29% market share in India and has a strong presence in refining and marketing petroleum products in the country. During 2023-24, HPCL recorded the highest-ever standalone PAT of ₹ 14,694 crore. 

HPCL owns and operates Refineries at Mumbai and Visakhapatnam with designed capacities of 9.5 MMTPA and 13.7 MMTPA respectively. HPCL also owns the largest Lube Refinery in the country at Mumbai for producing Lube Oil Base Stocks with a capacity of 428 TMTPA. HPCL holds a 48.99% equity stake in JV Company, HMEL which operates an 11.3 MMTPA capacity refinery in Punjab, and also has a 16.96% equity stake in MRPL which operates a 15 MMTPA capacity refinery in Karnataka.

HPCL has a vast marketing network consisting of 19 Zonal offices in major cities and 145 Regional Offices facilitated by a Supply and distribution infrastructure comprising 43 Terminals/Installations/Tap Off Points, 35 Depots & 36 Exclusive Lube Depots, 57 Aviation Fuel Stations, 56 LPG Bottling Plants, 4 Lube Blending plants. The customer touch points constitute 22,501 Retail Outlets, 1,638 SKO/LDO dealers, 334 Bazar Lube distributors, 144 Industrial Lube Distributors, 1,801 CNG facilities at Retail Outlets, 4,042 EV charging stations, 840 Door-to-door delivery dispensers and 6,364 LPG Distributorships with a customer base of above 9.68 crore LPG consumers as of Sep’24. 

HPCL has the second-largest petroleum product pipeline network in India with a network length of 5,134 km. HPCL undertakes Exploration & Production (E&P) of hydrocarbons through its wholly-owned subsidiary M/s. Prize Petroleum Company Limited (PPCL). HPCL also conducts business through 20 JV and Subsidiary companies operating across the oil and gas value chain.

HPCL has its Research & Development Centre named ‘HP Green R&D Centre’ in Bengaluru. The Centre provides advanced technical support to the Refineries and Marketing SBUs for operational improvement, absorbing new technologies, developing innovative and path-breaking technologies, and license technologies, and becoming a knowledge hub. HPCL is committed to conducting business to preserve the environment, sustainable development, being a safe workplace, and enriching the quality of life of employees, customers, and the community. HPCL’s CSR reaffirms the continuing commitment of the corporation toward societal development. The key focus areas are in the fields of Child Care, Education, Health Care, Skill Development, Sports, Environment and Community Development, Contribution to Incubators/R&D and Public Funded Universities, and positively influencing the lives of the less privileged.