Hindustan Petroleum

Hindustan Petroleum Corporation Limited (HPCL) (Hindi: हिन्दुस्तान पेट्रोलियम) is an Indian 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. Oil and Natural Gas Corporation, also second promoter of the company (first promotor is The President of India) , owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors.[2][3][4] The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. HPCL got removed from NIFTY 50 INDEX in March 2019 [5] Recently on 24 October 2019 the company has conferred with Maharatna status.

Hindustan Petroleum Corporation Limited
हिन्दुस्तान पेट्रोलियम
Public Sector Undertaking
Traded asBSE500104
IndustryOil and Gas
Founded1974; 46 years ago (1974)
HeadquartersMumbai, Maharashtra, India
Key people
M K Surana
Natural gas
RevenueIncrease 298,618 crore (US$42 billion) (2019)[1]
Increase 10,039 crore (US$1.4 billion) (2019)[1]
Increase 6,690 crore (US$940 million) (2019)[1]
Total assetsIncrease 107,258 crore (US$15 billion) (2019)[1]
OwnerOil and Natural Gas Corporation
Number of employees
10,352 (2018)[1]


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

Merger and AcquisitionEdit

On 19 July 2017, the Government of India announced the acquisition of Hindustan Petroleum Corporation by Oil and Natural Gas Corporation.[7] 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.[4] Although ONGC Holds 51.1% in the Company, HPCL denies to identify it as promoter. The reason given for it is that the majority of Board Of Directors are from Government of India and not ONGC.


Hindustan Petroleum fuel pump near town hall, Coimbatore
Hindustan Petroleum petrol bunk at Basaveshwaranagar, Bangalore

HPCL operates two major refineries[8] producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 7.5 million tonnes per year capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 million tonnes per year.[9] 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,[10] 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.[11]

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[12] 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.


An 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,[13] Thanda Raja, Koolgard, Racer4.[14]
  • Liquified petroleum gas: The HPCL brand of LPG is a popular brand across India for domestic and industrial uses.
  • Aviation turbine fuel:[15] 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:

International rankingsEdit

  • 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.[16]

Major facilitiesEdit

Scindia road near HPCL
  • Mumbai refinery: Fuel and lubes
  • Vizag refinery: Fuel
  • Mangalore: MRPL[17]
  • Bhatinda: HMEL[18]
  • 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[19]
  • Several terminals & depots.
  • Many LPG bottling plants.
  • HPCL Green R&D Centre, Bengaluru

Major ongoing projectsEdit

  • Uran - Chakan LPG Pipeline (UCPL)
  • Vijayawada - Dharmapuri Pipeline (VDPL)
  • Palanpur Vadodara Pipeline (PVPL)
  • Visakh Refinery Modernization Project
  • Barmer Refinery RAJASTHAN
  • Mumbai Refinery Expansion Project


Prize Petroleum Company LimitedEdit

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 alsoEdit


  1. ^ a b c d e "HPCL Annual Report 2018-19" (PDF). CNBC TV18. Archived (PDF) from the original on 23 July 2019. Retrieved 23 July 2019.
  2. ^ "Sustainability report 2013-14" (PDF). 2014. p. 7. Archived (PDF) from the original on 17 March 2015. Retrieved 13 May 2015.
  3. ^ "Archived copy". Archived from the original on 19 July 2013. Retrieved 28 July 2013.CS1 maint: archived copy as title (link) Navratna
  4. ^ a b "ONGC buys govt's entire 51.11% stake in HPCL for Rs 36,915 crore". Archived from the original on 18 June 2018. Retrieved 10 October 2018.
  5. ^ "Fortune Global 500 list". CNN Money. Archived from the original on 21 August 2016. Retrieved 22 July 2016.
  6. ^ Gopal Ganesh (2008). Privatisation And Labour Restructuring. Academic Foundation. p. 136. ISBN 8171886345.
  7. ^ "Cabinet allows ONGC to buy out govt stake in refiner HPCL". hindustantimes.com. 19 July 2017. Archived from the original on 12 February 2018. Retrieved 7 April 2018.
  8. ^ "Hindustan Petroleum Corporation Limited Relies on Oracle Database Security Solutions" (PDF). /www.indiaprwire.com. Archived from the original (PDF) on 26 September 2013. Retrieved 26 July 2010.
  9. ^ "IBM News room - 2008-09-04 HPCL Partners With IBM to Deploy a Path-Breaking RFID Solution - United States". 03.ibm.com. 4 September 2008. Archived from the original on 11 October 2011. Retrieved 9 November 2012.
  10. ^ http://www.hmel.in Archived 24 June 2013 at the Wayback Machine HMEL
  11. ^ a b "HPCL to set up new Refinery in Barmer Rajasthan". Archived from the original on 17 October 2013. Retrieved 22 September 2013.
  12. ^ "Buy HPCL With Target Of Rs 490 | TopNews". Topnews.in. 7 May 2010. Archived from the original on 6 April 2012. Retrieved 26 July 2010.
  13. ^ "Archived copy". Archived from the original on 29 May 2012. Retrieved 6 December 2019.CS1 maint: archived copy as title (link)
  14. ^ http://www.hpracer4.com/ Archived 8 February 2011 at the Wayback Machine Racer4
  15. ^ http://www.hpaviation.in Archived 23 April 2019 at the Wayback Machine HP Aviation
  16. ^ "India's top 10 brands". business.rediff.com. Archived from the original on 28 October 2010. Retrieved 26 October 2010.
  17. ^ "Welcome to Mangalore Refinery and Petrochemicals Ltd". Archived from the original on 21 October 2019. Retrieved 28 June 2013.
  18. ^ "Home - HMEL". Archived from the original on 3 July 2015. Retrieved 2 July 2015.
  19. ^ "SALPG - South Asia LPG Company Pvt Ltd". Archived from the original on 3 May 2015. Retrieved 2 July 2015.

External linksEdit