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{{short description|Indian oil marketing company and a subsidiary of ONGC}}
{{Use Indian English|date=February 2016}}{{Use dmy dates|date=February 2016}}
{{Infobox company
| name = Hindustan Petroleum Corporation Limited
| logo = Hindustan Petroleum Logo.svg
| logo_size = 200px
| type = [[Subsidiary]] of [[Oil and Natural Gas Corporation]]
| traded_as = {{ubl|{{BSE|500104}}|{{NSE|HINDPETRO}}}}
| ISIN = INE094A01015
| foundation = {{start date and age|1974}}
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| key_people = M K Surana {{small|(MD)}} <ref>{{Cite web|last=Limited|first=Hindustan Petroleum Corporation|title=Bod|url=https://www.hindustanpetroleum.com/boardofdirectors}}</ref>
| revenue = {{loss}} {{INRConvert|270773|c}} (2020)<ref name=10K>{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/refineries/hindustanpetroleumcorporation/HPC|publisher=CNBC TV18|title=HPCL Annual Report 2020|access-date=23 July 2019|url-status=live}}</ref>
| operating_income = {{loss}} {{INRConvert|2971|c}} (2020)<ref name=10K/>
| net_income = {{loss}} {{INRConvert|3096|c}} (2020)<ref name=10K/>
| assets = {{profit}} {{INRConvert|116906|c}} (2020)<ref name=10K/>
| equity = {{profit}} {{INRConvert|29456|c}} (2020)<ref name=10K/>
| num_employees = 10,352 (2020)<ref name=10K/>
| parent = [[Oil and Natural Gas Corporation]] (53.56%)<ref name="trendlyne.com">{{Cite web|title=Latest Shareholding Pattern - Hindustan Petroleum Corporation Ltd.|url=https://trendlyne.com/equity/share-holding/556/HINDPETRO/latest/hindustan-petroleum-corporation-ltd/|access-date=2020-07-29|website=trendlyne.com}}</ref>
| industry = [[Petroleum industry|Oil and Gas]]
| products = [[Petroleum]] [[Natural gas]] [[LNG]] [[Lubricant]]s [[Petrochemical]]s
| homepage = {{URL|http://www.hindustanpetroleum.com/}}
}}
'''Hindustan Petroleum Corporation Limited''' ('''HPCL''') is a [[subsidiary]] of [[Oil and Natural Gas Corporation]] with its headquarters in [[Mumbai, Maharashtra]]. It has a 25% market-share in India among public sector undertakings (PSUs) coupled with a strong marketing infrastructure. Its parent company is [[Oil and Natural Gas Corporation|ONGC]] which owns a majority stake in the company.<ref name="trendlyne.com">{{Cite web|title=Latest Shareholding Pattern - Hindustan Petroleum Corporation Ltd.|url=https://trendlyne.com/equity/share-holding/556/HINDPETRO/latest/hindustan-petroleum-corporation-ltd/|access-date=2020-07-29|website=trendlyne.com}}</ref><ref>{{cite web|date=2014|title=Sustainability report 2013-14|url=http://www.hindustanpetroleum.com/documents/pdf/HPCL_Sustainability_report_2014.pdf|url-status=live|archive-url=https://web.archive.org/web/20150317142817/http://hindustanpetroleum.com/documents/pdf/HPCL_Sustainability_report_2014.pdf|archive-date=17 March 2015|access-date=13 May 2015|page=7}}</ref><ref>{{cite web|title=Archived copy|url=http://dpe.nic.in/publications/list_of_maharatna_navratna-and_miniratna|url-status=dead|archive-url=https://web.archive.org/web/20130719123802/http://dpe.nic.in/publications/list_of_maharatna_navratna-and_miniratna|archive-date=19 July 2013|access-date=2013-07-28|df=dmy-all}} Navratna</ref><ref name="economictimes.indiatimes.com2">{{cite web|title=ONGC buys govt's entire 51.11% stake in HPCL for Rs 36,915 crore|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-buys-govts-entire-51-11-stake-in-hpcl-for-rs-36915-crore/articleshow/62729805.cms|url-status=live|archive-url=https://web.archive.org/web/20180618175430/https://economictimes.indiatimes.com/industry/energy/oil-gas/ongc-buys-govts-entire-51-11-stake-in-hpcl-for-rs-36915-crore/articleshow/62729805.cms|archive-date=18 June 2018|access-date=10 October 2018}}</ref> The company is ranked 367th on the ''[[Fortune Global 500]]'' list of the world's biggest corporations as of 2016. HPCL was removed from NIFTY 50 INDEX in March 2019 <ref>{{cite news|title=Fortune Global 500 list|work=CNN Money|url=http://beta.fortune.com/global500/list/filtered?hqcountry=India|url-status=live|access-date=22 July 2016|archive-url=https://web.archive.org/web/20160821170013/http://beta.fortune.com/global500/list/filtered?hqcountry=India|archive-date=21 August 2016}}</ref> On 24 October 2019, the company became a [[Maharatna]] [[Public sector undertakings in India|PSU]].<ref>{{Cite news|agency=Press Trust of India|date=2019-10-23|title=Govt accords 'Maharatna' status to Hindustan Petroleum, Power Grid Corp|work=Business Standard India|url=https://www.business-standard.com/article/pti-stories/govt-accords-maharatna-status-to-hindustan-petroleum-power-grid-corp-119102301347_1.html|access-date=2020-08-02}}</ref>

==History==
[[File:HPCL from Yarada hill.jpg|thumb|A view of HPCL from Yarada Hill, [[Visakhapatnam]]]]

HPCL was incorporated in 1974 after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the [http://indiankanoon.org/doc/1769128/ 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 [https://web.archive.org/web/20161031150739/http://www.hindustanpetroleum.com/Upload/En/UPdf/CORIL-AMALGAMATION-1978.pdf CORIL-HPCL Amalgamation Order, 1978]. Kosan Gas Company was merged with HPCL in 1979 by the [https://web.archive.org/web/20161031024157/http://www.hindustanpetroleum.com/Upload/En/UPdf/KOSANGAS-ACQUISITION-ACT.pdf 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.<ref>{{cite book
|url=https://books.google.com/books?id=ZBuUNzIgJjAC&pg=PA136 |page=136
|title=Privatisation And Labour Restructuring
|author=Gopal Ganesh
|publisher=Academic Foundation |year=2008 |isbn=978-8171886340}}</ref>

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

==Merger and Acquisition==

On 19 July 2017, the [[Government of India]] announced the acquisition of [[Hindustan Petroleum Corporation]] by [[Oil and Natural Gas Corporation]].<ref>{{cite web|url=http://www.hindustantimes.com/business-news/cabinet-allows-ongc-to-buy-out-govt-stake-in-refiner-hpcl/story-2oqzKRbSfScBDmCt3oiL2L.html|title=Cabinet allows ONGC to buy out govt stake in refiner HPCL|date=19 July 2017|website=hindustantimes.com|access-date=7 April 2018|archive-url=https://web.archive.org/web/20180212201943/https://www.hindustantimes.com/business-news/cabinet-allows-ongc-to-buy-out-govt-stake-in-refiner-hpcl/story-2oqzKRbSfScBDmCt3oiL2L.html|archive-date=12 February 2018|url-status=live}}</ref>
On 1 November 2017, the Union Cabinet approved ONGC for acquiring majority 51.11% stake in HPCL (Hindustan Petroleum Corporation Limited). On 30 January 2018, [[Oil & Natural Gas Corporation]] acquired the entire 51.11% stake of [[Hindustan Petroleum Corporation]], thus becoming the promoter of the company.<ref name="economictimes.indiatimes.com2"/>

==Operations==
[[File:Hindustan Petroleum Fuel Pump.JPG|thumb|Hindustan Petroleum fuel pump near town hall, [[Coimbatore]]]]
[[File:Hp basaveshwaranagar.png|thumb|Hindustan Petroleum petrol bunk at [[Basaveshwaranagar]], [[Bangalore]]]]

HPCL operates two major refineries<ref>{{cite web |url=http://www.indiaprwire.com/pressrelease/information-technology/2010051750909.pdf |title=Hindustan Petroleum Corporation Limited Relies on Oracle Database Security Solutions |publisher=/www.indiaprwire.com |access-date=2010-07-26 |archive-url=https://web.archive.org/web/20130926215420/http://www.indiaprwire.com/pressrelease/information-technology/2010051750909.pdf |archive-date=26 September 2013 |url-status=dead }}</ref> producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 7.5 million [[tonne]]s per year capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 million tonnes per year.<ref>{{cite web |url=http://www-03.ibm.com/press/us/en/pressrelease/25041.wss |title=IBM News room - 2008-09-04 HPCL Partners With IBM to Deploy a Path-Breaking RFID Solution - United States |publisher=03.ibm.com |date=2008-09-04 |access-date=2012-11-09 |archive-url=https://web.archive.org/web/20111011134512/http://www-03.ibm.com/press/us/en/pressrelease/25041.wss |archive-date=11 October 2011 |url-status=live }}</ref> 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 million tonnes per year. Another refinery of 9 million tonnes per year (set up in [[Bathinda]], Punjab by HMEL,<ref>http://www.hmel.in {{Webarchive|url=https://web.archive.org/web/20130624042524/http://hmel.in/ |date=24 June 2013 }} HMEL</ref> 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, Rajasthan|Barmer]]. It would be operated under a [[joint venture]] company (JVC) called HPCL-Rajasthan Refinery Limited.<ref name=bp>{{cite web|title=HPCL to set up new Refinery in Barmer Rajasthan|url=http://news.biharprabha.com/2013/09/hpcl-to-set-up-new-refinery-in-barmer-rajasthan/|access-date=22 September 2013|archive-url=https://web.archive.org/web/20131017061957/http://news.biharprabha.com/2013/09/hpcl-to-set-up-new-refinery-in-barmer-rajasthan/|archive-date=17 October 2013|url-status=live}}</ref>

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 21 zonal offices in major cities and 128 regional offices<ref>{{cite web |url=http://www.topnews.in/buy-hpcl-target-rs-490-2265932 |title=Buy HPCL With Target Of Rs 490 | TopNews |publisher=Topnews.in |date=2010-05-07 |access-date=2010-07-26 |archive-url=https://web.archive.org/web/20120406172035/http://www.topnews.in/buy-hpcl-target-rs-490-2265932 |archive-date=6 April 2012 |url-status=live }}</ref> 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 centre is at Hitech city in Hyderabad.

==Products==
{{confusing|section(?)|date=October 2016}}
[[File:HP Petrol Bunk 31102016.jpg|thumb|An HP petrol pump in [[Khammam]]]]
[[File:Tata ACE - HP Gas Carrier.JPG|thumb|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 fuel|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,<ref>{{Cite web |url=http://hpmilcy.com/ |title=Archived copy |access-date=6 December 2019 |archive-url=https://web.archive.org/web/20120529225052/http://www.hpmilcy.com/ |archive-date=29 May 2012 |url-status=dead }}</ref> Thanda Raja, Koolgard, Racer4.<ref>http://www.hpracer4.com/ {{Webarchive|url=https://web.archive.org/web/20110208104222/http://hpracer4.com/ |date=8 February 2011 }} Racer4</ref>
* [[Liquified petroleum gas]]: The HPCL brand of LPG is a popular brand across India for domestic and industrial uses.
* [[Aviation Fuel|Aviation turbine fuel]]:<ref>http://www.hpaviation.in {{Webarchive|url=https://web.archive.org/web/20190423062242/http://www.hpaviation.in/ |date=23 April 2019 }} HP Aviation</ref> 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.
* [[Emulsion]]s

==Refineries==
[[File:Visakhapatnam oil refinary.jpg|thumb|HP oil refinery in [[Visakhapatnam]]]]
HPCL has a number of refineries in India. Some are listed below:
* [[Mumbai Refinery (HPCL)|Mumbai Refinery]]: 7.5 [[million]] [[Metric system|metric]] [[ton]]nes (MMT) capacity
* [[Visakhapatnam Refinery]]: 8.3 MMT at Visakhapatnam
* [[Mangalore Refinery and Petrochemicals Limited|Mangalore Refinery]]: 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]]: It is planned for 9 MMT capacity. It is a joint venture. HPCL 74%, [[Rajasthan Government]] 24%.<ref name="bp"/>

==International rankings==
* 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.<ref name="top10">{{cite web|title=India's top 10 brands|url=http://business.rediff.com/slide-show/2010/oct/26/slide-show-1-tata-motors-is-indias-top-brand.htm|publisher=business.rediff.com|access-date=26 Oct 2010|archive-url=https://web.archive.org/web/20101028074814/http://business.rediff.com/slide-show/2010/oct/26/slide-show-1-tata-motors-is-indias-top-brand.htm|archive-date=28 October 2010|url-status=live}}</ref>

==Major facilities==
[[File:Scindia road near HPCL.jpg|thumb|[[Scindia, Visakhapatnam|Scindia]] road near HPCL]]
* Mumbai refinery: Fuel and lubes
* Vizag refinery: Fuel
* Mangalore: MRPL<ref>{{cite web|url=http://www.mrpl.co.in/|title=Welcome to Mangalore Refinery and Petrochemicals Ltd|access-date=28 June 2013|archive-url=https://web.archive.org/web/20191021081220/https://www.mrpl.co.in/|archive-date=21 October 2019|url-status=live}}</ref>
* Bhatinda: HMEL<ref>{{cite web|url=http://www.hmel.in/|title=Home - HMEL|access-date=2 July 2015|archive-url=https://web.archive.org/web/20150703002949/http://www.hmel.in/|archive-date=3 July 2015|url-status=live}}</ref>
* 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<ref>{{cite web|url=http://www.salpg.com/|title=SALPG - South Asia LPG Company Pvt Ltd|access-date=2 July 2015|archive-url=https://web.archive.org/web/20150503005823/http://www.salpg.com/|archive-date=3 May 2015|url-status=live}}</ref>
* Pipelines: MPSPL, MDPL, VVSPL, MHMSPL, RKPL, ASPL, RBPL
* Several terminals & depots.
* Many LPG bottling plants.
* HPCL Green R&D Centre, Bengaluru

==Major ongoing projects==
* Uran - Chakan - Shikrapur LPG Pipeline(UCSPL)
* Vijayawada - Dharmapuri Pipeline (VDPL)
* Palanpur Vadodara Pipeline (PVPL)
* Visakh Refinery Modernization Project
*Barmer Refinery RAJASTHAN
*Mumbai Refinery Expansion Project

==Subsidiaries==

'''Hindustan Petroleum Gas'''

HPCL 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. 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.
* 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==

* [[Hindustan Platinum]]
* [[List of companies of India]]
* [[List of largest companies by revenue]]
* [[List of corporations by market capitalization]]
* [[Make in India]]
* [[Forbes Global 2000]]
* [[Fortune India 500]]
* [[Rajiv Gandhi Institute of Petroleum Technology]]

==References==
{{reflist|2}}

==External links==
{{commons category|Hindustan Petroleum}}
* {{official}}

{{Energy Ministries and Departments of India}}
{{Public Sector Undertakings in India}}
{{Template:Nifty 200 companies}}
{{Energy companies and organizations in India}}

{{authority control}}

{{DEFAULTSORT:Hindustan Petroleum}}
[[Category:Hindustan Petroleum| ]]
[[Category:1974 establishments in Maharashtra]]
[[Category:Companies based in Mumbai]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Government-owned companies of India]]
[[Category:Indian brands]]
[[Category:Non-renewable resource companies established in 1974]]
[[Category:Oil and gas companies of India]]
[[Category:Oil and Natural Gas Corporation]]
[[Category:National oil and gas companies]]

Hindustan Petroleum - Revision history

CleanupBot II at 00:24, 14 August 2023