Hindustan Petroleum Corporation Limited (HPCL) was formed on July 15, 1974. HPCL is a Schedule ‘A’ Central Public Sector Enterprise (CPSE) and a S&P Platts Top 250 Global Energy Company with a ranking of 55 and Annual Gross Sales of Rs.2,95,713 Crore during financial year 2018-19. HPCL has been conferred with the status of ‘Maharatna’ in October 2019 by the GoI.
The total sale of products for HPCL during 2018-19 was 38.71 Million Metric Tonnes (MMT). Domestic sales during 2018-19 was 37.97 MMT with growth of 4.7% over historical. During 2018-19, HPCL refineries processed 18.44 MMT of crude, achieving capacity utilization of 117%.
During 2018-19, HPCL recorded Profit after Tax (PAT) of Rs. 6,029 Crore, exceeding the PAT level of Rs 6,000 Crore for the third consecutive year.
HPCL owns and operates Refineries at Mumbai & Visakhapatnam with designed capacities of 7.5. MMTPA & 8.3 MMTPA respectively. HPCL also owns the largest Lube Refinery in the country at Mumbai for producing Lube Oil Base Stock with a capacity of 428 TMTPA. HPCL holds 48.99% equity stake in JV company, HPCL-Mittal Energy Limited (HMEL) which operates a 11.3 MMTPA capacity refinery at Bathinda (Punjab) and also has 16.96% equity stake in Mangalore Refinery and Petrochemicals Limited (MRPL) which operates a 15 MMTPA capacity refinery at Mangalore (Karnataka).
HPCL has a vast marketing network consisting of 14 Zonal offices in major cities and 133 Regional Offices facilitated by a Supply & Distribution infrastructure comprising 42 Terminals/Installations/TOPs, 72 Depots (including Exclusive lube depots), 43 Aviation Fuel Stations, 50 LPG Bottling Plants. The customer touch points constitute of 16,017 Retail Outlets, 1,638 SKO/LDO dealers and 6,040 LPG Distributorships with a customer base of over 8.4 Crore domestic LPG consumers as of December, 2019.
HPCL has the second largest petroleum product pipeline network in India with network length of 3,775 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 19 Joint Venture (JV) & Subsidiary companies operating across oil & gas value chain.
HPCL is committed to conducting business with an objective of preserving the environment, sustainable development, being a safe work place and enrichment of the quality of life of employees, customers and the community.
As of 31st December, 2019, HPCL has provided above 2 crore new LPG connections under Pradhan Mantri Ujjwala Yojana (PMUY) and has constructed over 2,300 toilets in schools under Swachh Bharat Abhiyan initiated by Govt. of India for creating a Clean India. The overall spend on CSR activities was about Rs. 160 Crore during 2018-19.