|Traded as||BSE: 500104, NSE: HINDPETRO|
|Industry||Oil and Gas|
|Headquarters||Mumbai, Maharashtra, India|
|Key people||Nishi Vasudeva
(Chairman & MD)
|Products||Oil, natural gas, petroleum, lubricant, petrochemical|
|Revenue||US$ 39.82 billion (2012)|
|Operating income||US$ 670 million (2012)|
|Net income||US$ 32.5 million (2012)|
|Total assets||US$ 18.91 billion (2012)|
|Total equity||US$ 2.46 billion (2012)|
|Owner(s)||Government of India|
Hindustan Petroleum Corporation Limited (HPCL) (BSE: 500104, NSE: HINDPETRO) 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 (2013) 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.
HPCL was incorporated in 1974 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 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 (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.
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 (MMT) 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.
HPCL operates two major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai (West Coast) of 6.5 Million Metric Tonnes Per Annum (MMTPA) capacity and the other in Vishakapatnam, (East Coast) with a capacity of 8.3 MMTPA. HPCL holds an equity stake of 16.95% in Mangalore Refinery & Petrochemicals Limited (MRPL), 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 (Petrol Pumps) 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.
- Petrol : Known as Motor Spirit (MS) 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 (HSD) 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.
- Furnace Oil
HPCL has a number of refineries in India. Some are listed below:
- Mumbai Refinery - 6.5 Million Metric Tonnes (MMT) 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 (HPCL & Mittal Energy each have 49% stake).
- Barmer Refinery -9 MMT Capacity. It is a Joint Venture with Rajasthan Government.
- 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
|This section does not cite any references or sources. (August 2013)|
- 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’
- Mumbai refinery - Fuel & Lubes
- Vizag refinery - Fuel.
- Mangalore - MRPL
- Batinda - HMEL 
- Lube, Grease & Specialities - State of art plant at Silvassa. (One of the most advanced fully automated Installation in Asia)
- 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 (RKPL)
- Diesel Hydro Treating (DHT) at Mumbai & Visakhapatnam refineries
- Banglore Manglore Pipeline (MMPL)
- "Hindustan Petroleum Corporation Limited Financial Statements". Hindustan Petroleum Corporation Limited.
- "Hindustan Petroleum". Fortune. Retrieved October 7, 2011.
- Gopal Ganesh (2008). Privatisation And Labour Restructuring. Academic Foundation. p. 136. ISBN 8171886345.
- "Hindustan Petroleum Corporation Limited Relies on Oracle Database Security Solutions". /www.indiaprwire.com. Retrieved 2010-07-26.
- "IBM News room - 2008-09-04 HPCL Partners With IBM to Deploy a Path-Breaking RFID Solution - United States". 03.ibm.com. 2008-09-04. Retrieved 2012-11-09.
- "HPCL to set up new Refinery in Barmer Rajasthan". Retrieved 22 September 2013.
- "Buy HPCL With Target Of Rs 490 | TopNews". Topnews.in. 2010-05-07. Retrieved 2010-07-26.
- http://www.hpaviation.in HP Aviation
- "India's top 10 brands". business.rediff.com. Retrieved 26 Oct 2010.