Hindustan Petroleum

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Hindustan Petroleum Corporation Limited
Native name
हिन्दुस्तान पेट्रोलियम निगम लिमिटेड
Traded as BSE500104, NSEHINDPETRO
Industry Oil and Gas
Founded 1974
Headquarters Mumbai, Maharashtra, India
Key people
M K Surana (CEO, Chairman, Managing Director)
Products Oil, natural gas, petroleum, lubricant, petrochemical
Revenue 212,300 crore (US$33 billion) (2015)[1]
4,697 crore (US$730 million) (2015)[1]
1,488 crore (US$230 million) (2015)[1]
Total assets 67,550.64 crore (US$11 billion) (2015)[1]
Owner Government of India (51.11%)
Number of employees
11,226 (2012)[1]
Website www.hindustanpetroleum.com

Hindustan Petroleum Corporation Limited (HPCL) (BSE500104, NSEHINDPETRO) is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure. The Government of India owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors.[2][3] The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016.[4] On 19th of July 2017, the Government of India announced the acquisition of Hindustan Petroleum Corporation by Oil and Natural Gas Corporation.[5]


A view of HPCL from Yarada Hill

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 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 privatising 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 nationalised in the 1970s. As a result, the government would need a majority in both houses to push through any privatisation.[6]

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 form sales/operations grew from IN 2687 crores in 1984–1985 to IN 2,06,529 crores in financial year 2012–2013. During FY 2013-14, its net profit was IN 1740 crores.


Hindustan Petroleum fuel pump near town hall, Coimbatore

HPCL operates two major refineries[7] producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.[8] HPCL holds an equity stake of 16.95% in Mangalore Refinery and 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,[9] a joint venture with Mittal Energy Investments Pte. Ltd. HPCL) has signed a memorandum of understanding with the Government of Rajasthan for setting up a refinery near Barmer. It would be operated under a joint venture company (JVC) called HPCL-Rajasthan Refinery Limited.[10]

HPCL also owns and operates the largest lubricant refinery in India producing lube base oils of international standards, with a capacity of 335 TMT. This 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[11] facilitated by a supply and distribution infrastructure comprising terminals, aviation service facilities, liquefied petroleum gas (LPG) bottling plants, lube filling plants, inland relay depots, retail outlets (petrol pumps) and LPG and lube distributorships.

HPCL has state-of-the-art information technology infrastructure to support its core business. The data center is at Hitech city in Hyderabad.


Am HP petrol pump in Khammam
HP cooking gas delivery vehicle
  • Petrol is known as motor spirit in the oil industry. HPCL markets the product through its retail pumps all over India. Its principle consumers are personal vehicle owners.
  • Diesel is known as high speed diesel in the oil industry. HPCL markets the products through its retail pumps as well as terminals and depots. Its consumers are regular auto owners, transport agencies, industries, etc.
  • Lubricants: HPCL is the market leader in lubricants and associated products. It commands over 30% of market share in this sector. The popular brands of HP lubes are Laal Ghoda, HP Milcy,[12] Thanda Raja, Koolgard, Racer4.[13]
  • Liquified petroleum gas: The HPCL brand of LPG is a popular brand across India for domestic and industrial uses.
  • Aviation turbine fuel:[14] With major air service facilities 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.
  • Emulsions


HP oil refinery in Visakhapatnam

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 a 16.65% stake).
  • Guru Gobind Singh Refinery: 9 MMT at Bathinda, Punjab (HPCL and Mittal Energy each have a 49% stake).
  • Barmer Refinery: 9 MMT capacity. It is a joint venture with the Rajasthan Government.[10]

International rankings[edit]

  • HPCL is a Fortune Global 500 company as per the ranking of 2013 and was ranked at position 259. HPCL has been ranked at position 367 as per the latest ranking of 2016.
  • HPCL was featured on the Forbes Global 2000 list for 2013 at position 1217.
  • It was the 10th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[15]

Major facilities[edit]

Scindia road near HPCL
  • Mumbai refinery: Fuel and lubes
  • Vizag refinery: Fuel
  • Mangalore: MRPL[16]
  • Batinda: HMEL[17]
  • Silvassa Lube: State-of-the-art plant for grease and specialities. (One of the most advanced fully automated installations in Asia.)
  • Lube & Grease mfg facility: Mazagaon, Mumbai.
  • LPG storage Cavern: one of the biggest storage facilities of LPG in Asia at Vizag—SALPG[18]
  • Pipelines: MBPL, MPSPL, MDPL, VVSPL.
  • Several terminals & depots.
  • Many LPG bottling plants.

Major ongoing projects[edit]

  • Rewari Kanpur Pipeline
  • Mangalore-Bangalore LPG Pipeline (MHMSPL Pipeline)
  • Visakh Refinery Modernization Project


Prize Petroleum Company Limited[edit]

Prize Petroleum Company Limited (Prize) is the wholly owned subsidiary of Hindustan Petroleum Corporation Limited (HPCL). 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 the Hirapur Marginal oil fields of Cambay basin near Gandhinagar (Gujarat) under a service contract with ONGC; and the pre-NELP production sharing contract (PSC) for the Sanganpur (Mehsana) field with M/s Hydrocarbon Development Company (P) Ltd (HDCPL) as Operator. Recently, Prize signed a sale and 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.
  • HPCL also facilitating the HP Drive Track Plus cards for purchase of their products and providing the cash back as per the govt.cash back offers
  • HPCL also in HP Gas for the domestic and Industrial gas having major market share in India

See also[edit]


External links[edit]