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Hindustan Petroleum Reviews

Mumbai, Maharashtra

4.5/ 5

2 reviews

Hindustan Petroleum Corporation Limited (HPCL) is a premier Indian public sector undertaking and a Maharatna Central Public Sector Enterprise (CPSE) operating within the petroleum and natural gas industry. Headquartered in Mumbai, Maharashtra, the company functions as a key subsidiary of the Oil and Natural Gas Corporation Limited (ONGC), which holds a 54.90% equity stake as a holding entity under the administrative control of the Ministry of Petroleum and Natural Gas, Government of India. Originally incorporated on July 5, 1952, as the Standard Vacuum Refining Company of India Limited, the corporation transitioned through several major restructurings, including being rebranded as ESSO India and nationalized alongside Lube India Limited in 1974, leading to the creation of the modern HPCL. The core operations of HPCL span across refining crude oil and marketing a wide array of petroleum products. The company owns and operates two major refineries strategically located on the Indian coastlines: the Mumbai Refinery on the West Coast, which features a fuel and lubricants capacity of 9.8 million metric tonnes per annum (MMTPA), and the Visakhapatnam Refinery on the East Coast, operating with a capacity of 15 MMTPA. Furthermore, HPCL manages the country's largest lube refinery in Mumbai, accounting for over 40% of India’s total lube base oil production with a capacity of 335,000 metric tons. Through joint ventures, HPCL also holds a 49% equity stake in the 9 MMTPA Guru Gobind Singh Refinery in Bathinda, Punjab, and maintains a 74% stake in the upcoming Barmer Refinery project in Rajasthan. HPCL supports its downstream activities through an extensive distribution and marketing infrastructure that commands over an 18% market share in India. This vast logistical network includes a cross-country product pipeline system spanning thousands of kilometers, numerous storage terminals, aviation fuel stations, and dozens of liquefied petroleum gas (LPG) bottling plants. The customer-facing landscape is supported by a large retail presence consisting of over 16,000 retail outlets, widely known under the premium "Club HP" brand, and thousands of LPG distributors catering to tens of millions of domestic consumers. Financially robust, HPCL is publicly listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the ticker HINDPETRO. For the fiscal year ending March 31, 2026, the corporation achieved substantial operational success, reporting a consolidated annual revenue of approximately INR 481,122 crore and a net income exceeding INR 18,047 crore. Powered by a workforce of over 8,000 employees, the company routinely registers strong return on equity metrics. In tandem with its commercial obligations, HPCL emphasizes corporate social responsibility and environmental sustainability, actively investing in clean energy alternatives, wind power infrastructure, and community welfare programs to support India’s energy transition.