Hindustan Petroleum

Hindustan Petroleum Corporation Limited
Type State-owned enterprise
Public (BSE: 500104, NSE: HINDPETRO)
Industry Oil and Gas
Founded 1974
Headquarters Mumbai, Maharashtra, India
Key people S Roy Choudhury
(Chairman & MD)
Products Oil, natural gas, petroleum, lubricant, petrochemical
Revenue 139,315.86 crore (US$26.47 billion) (2011)[1]
Operating income 3,753.09 crore (US$713.09 million) million (201)[1]
Net income 1,539.01 crore (US$292.41 million)(2011)[1]
Total assets US$ 12.764 billion (2010)[1]
Total equity US$ 2.727 billion (2010)[1]
Employees 11,246 (2009)
Website www.hindustanpetroleum.com

Hindustan Petroleum Corporation Limited (HPCL) (BSE: 500104, NSE: HINDPETRO), is an Indian state-owned oil company headquartered at Mumbai, India and is a Fortune 500 company of India listed at number 336.[2]

HPCL operates 2 major refineries[3] 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.[4] 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 is under construction in Bathinda, Punjab by HMEL, a Joint Venture with Mittal Energy Investments Pte.Ltd.

HPCL also owns and operates the largest Lube Refinery in India producing Lube Base Oils of international standards.[5] With a capacity of 335 TMT. This Lube Refinery accounts for over 40% of the 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[6] 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.

HPCL has, over the years, moved from strength to strength on all fronts. The refining capacity steadily increased from 5.5 million metric tonnes in 1984/85 to 13.00 million metric tonnes (MMT) now. On the financial front, the turnover grew from 2687 crores in 1984-85 to Rs 1,31,802 Crores in Financial year 2008-09.

Contents

Products

  1. 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.
  2. Diesel Known as Heavy Stock 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.
  3. Lubricants [7] 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 etc.
  4. LPG [8] A popular brand in mainly urban areas.
  5. Aviation Turbine Fuel [9] With major ASF(Air Service Facility) present in all major airports of India,Ramkumar mba 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.
  6. Bitumen
  7. Furnace Oil

Refineries

HPCL has a number of refineries in India. Some are listed below:

  1. Mumbai Refinery - 5.5 Million Metric Tonnes (MMT) Capacity
  2. Visakhapatnam Refinery - 7.5 MMT at Visakhapatnam
  3. Mangalore Refinery Pvt. Ltd. - 9.69 MMT at Mangalore, Karnataka(HPCL has 16.65 % Stake).
  4. Guru Gobind Singh Refinery Project - 9 MMT at Bhatinda, Punjab(HPCL & Mittal Energy each have 49% stake).

International rankings

  1. HPCL is a Fortune Global 500 company as per the ranking of 2011 and was ranked at position 336.
  1. HPCL was featured on the Forbes Global 2000 list for 2009 at position 1002
  1. It is 10th most valuable brand in India according to an annual survey conducted by Brand Finance and The Economic Times in 2010.[10]

Recognition and Awards 2008

  1. NDTV Profit Business Leadership Award
  2. Reader’s Digest ‘Trusted Brand Asia Platinum’ Award
  3. Golden Peacock Corporate Governance Award 2008
  4. CIO 100 Award 2008
  5. India Star Award
  6. OISD Safety Award
  7. National Award For Excellence In Cost Management
  8. Greentech Environment Excellence Award 2008
  9. Best HR Practices in ‘People Management’

MAJOR FACILITIES

  1. Mumbai refinery Fuel & Lubes
  2. Vizag refinery Fuel.
  3. Lube, Grease & Specialty State of art plant Silvassa. One of the most advanced fully automated Installation in ASIA.
  4. Lube & Grease mfg facility, mazagaon Mumbai.
  5. Mangalore Lube Refinery.
  6. LPG storage Cavern one of the biggest storage facility of LPG in Asia at Vizag.
  7. MRPL, PSPL, MDPL, VSPL..
  8. Several Terminals & depots..
  9. Many LPG botteling plants..

Major Ongoing Projects

References

  1. ^ a b c d e "2010 Form 10-K, Hindustan Petroleum Corporation Limited". bseindia. http://www.bseindia.com/qresann/detailedresult_cons.asp?scrip_cd=500104&qtr=69.50&compname=HINDUSTAN%20PETROLEUM%20CORPORATION%20LTD.&quarter=MC2010-2011&checkcons=55. 
  2. ^ CNN Money
  3. ^ "Hindustan Petroleum Corporation Limited Relies on Oracle Database Security Solutions". /www.indiaprwire.com. http://www.indiaprwire.com/pressrelease/information-technology/2010051750909.pdf. Retrieved 2010-07-26. 
  4. ^ http://www-03.ibm.com/press/us/en/pressrelease/25041.wss
  5. ^ "HPCL - Company Profile". Companyin.com. http://www.companyin.com/hpcl.htm. Retrieved 2010-07-26. 
  6. ^ "Buy HPCL With Target Of Rs 490 | TopNews". Topnews.in. 2010-05-07. http://www.topnews.in/buy-hpcl-target-rs-490-2265932. Retrieved 2010-07-26. 
  7. ^ http://www.hplubes.com HP Lubes
  8. ^ http://www.hpgas.com HP GAS
  9. ^ http://www.hpaviation.in HP Aviation
  10. ^ "India's top 10 brands". business.rediff.com. http://business.rediff.com/slide-show/2010/oct/26/slide-show-1-tata-motors-is-indias-top-brand.htm. Retrieved 26 Oct 2010. 

External links