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companies name

Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited (HPCL) is an Indian oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25 percent market share in India among Public Sector Undertakings (PSUs) and strong marketing infrastructure. ONGC, also the second promoter of the company (the first promotor is the President), owns 51.11 percent shares in HPCL and others are distributed amongst financial institutes, public and other investors. 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. Recently on October 24, 2019, the company has conferred with Maharatna status.

HPCL owns and operates two major refineries producing a wide variety of petroleum fuels and specialities, one in Mumbai (West Coast) of 7.5 million metric tonnes per annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA. HPCL also owns and operates the largest Lube Refinery in the country producing Lube Base Oils of international standards, with a capacity of 428 TMT. This Lube Refinery accounts for over 40% of India's total Lube Base Oil production. 

HPCL has the second-largest share of product pipelines in India with a pipeline network of more than 3,370 kms for transportation of petroleum products and a vast marketing network consisting of 14 - zonal offices in major cities and 128 regional offices facilitated by a supply and distribution infrastructure comprising terminals, pipeline networks, Aviation Service Stations, LPG bottling plants, Inland Relay Depots & Retail Outlets, Lube and LPG Distributorships.

Hindustan Petroleum Corporation Limited (HPCL) News

IOC, HPCL, BPCL to benchmark standards, rate retail outlets after strict evaluation

Indian Oil, BPCL and HPCL have announced the launch of the Model Retail Outlet Scheme and a Digital Customer Feedback Programme, called Darpan@petrolpump....

HPCL bags FIPI’s oil marketing company of the year award

FIPI Oil and Gas Awards are conferred every year in recognition of the exceptional performance of companies and individuals in different fields of oil and gas business....

HPCL appoints 4 Independent Directors on its Board

Hindustan Petroleum Corporation Limited (HPCL) has announced the appointment of four Independent Directors on its Board....

Rajneesh Narang is going to be next Director (Finance) of HPCL

Rajneesh Narang, who is currently serving as Executive Director, has been recommended for the post of Director (Finance) of HPCL....

HPCL shares rise 4.05% as Nifty gains

HPCL shares gained 4.05 percent, a day after the oil marketing company reported a 7.2 percent rise in standalone net profit in Q2 of FY22....

HPCL to commission 370 tonne/annum capacity green Hydrogen plant by Dec 2022: CMD

HPCL will be putting up a 370-tonne per annum capacity green Hydrogen plant in Vizag refinery and expects to commission it by December 2022, said CMD MK Surana....

HPCL achieves maiden 100 TMT of gas sourcing & marketing

Hindustan Petroleum Corporation Limited (HPCL) has achieved its maiden 100 TMT of gas sourcing and marketing during the current financial year....

PSU, private oil refiners may come together to seek cheaper crude oil import deals

India is considering forming a group of PSU and private oil refiners to seek better crude oil import deals, Petroleum Secretary Tarun Kapoor has said....

Ethanol blending: Govt doubles incentive on sugar diverted for ethanol production

To encourage sugar mills to divert excess sugar for the production of ethanol, the government has announced the doubling of incentive on sugar sacrificed for producing ethanol....

HPCL partners with ICICI Bank for fuel payments

HPCL is partnering with ICICI Bank, which will allow customers to use their ICICI Bank FASTag to pay for fuel and lubricants at HPCL retail outlets....

HPCL forays into non-fuel retailing, launches 'Happy Shop'

Hindustan Petroleum Corporation Limited (HPCL) unveiled its branded store ‘Happy Shop’ and 100 Octane Premium Petrol “poWer 100”....

ISPRL starts selling oil from SPRs to HPCL, MRPL after policy change

India has started selling oil from its Strategic Petroleum Reserve (SPR) to state-run oil refiners under a new policy which allows ISPRL to lease out strategic storage space....

Power Grid & HPCL only PSUs to figure in India's Top 30 Corp Comm teams

HPCL and Power Grid are the only PSUs to find a place in the list of top 30 Corporate Communication Teams 2021 announced by the Reputation Today, a quarterly print magazine....

Azadi: HPCL felicitates first lady tank truck driver Delisha Davis

HPCL felicitated Delisha Davis, a 24-year-old lady tank truck driver, for her brave endeavour to venture into a tough zone of work like petroleum tank truck driving....

PM Modi to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh

Similar to the launch of Ujjwala 1.0 in 2016 ahead of the Uttar Pradesh election from Balia (UP), PM Modi is going to launch Ujjwala 2.0 from Mahoba, Uttar Pradesh on August 10....

India’s refining capacity: OMCs to invest Rs 2 lakh cr by 2025 on expansion

Public sector oil marketing companies (OMCs) have plans to invest Rs 2 lakh crore on expanding India’s oil refining capacity by around 20 percent by 2025....

HPCL Q1 2021: Net profit dips 36% in Covid-marred quarter, but revenue improves y-o-y

In a quarter marred by the second wave of the COVID-19 pandemic, HPCL has recorded a 36 percent decline in Q1 FY 2021-22 net profit year-on-year....

HPCL bags three awards at 8th Governance Now PSU Awards

Hindustan Petroleum Corporation Limited (HPCL) has won three awards at the 8th Governance Now PSU Awards function held on July 29....

Odisha govt approves ethanol plants, RE projects & other projects worth Rs 2,084 cr

At a meeting, State Level Single Window Clearance Authority of the government of Odisha has approved seven industrial projects, including three grain-based ethanol plants, worth Rs 2,083.88 crore....

Momentous: HPCL achieves 100th patent grant

HPCL’s HP Green Research and Development Centre (HPGRDC), Bengaluru received its 100th Patent Grant in July 2021, within just five years from its establishment....

HPCL invites job applications for CMD post; apply before Oct 4

Hindustan Petroleum Corporation Limited (HPCL) has invited job applications for the post of Chairman & Managing Director (CMD). Eligible and interested candidates can apply for the job before October 4....

HPCL bags Excellence in Business Transformation award

HPCL has been awarded prestigious Mint – Tech Circle’s Excellence in Business Transformation Award 2021 for its innovative approach ....

HPCL appoints Rajneesh Narang as its Chief Financial Officer

Hindustan Petroleum Corporation Limited (HPCL) has appointed its Executive Director (Corporate Finance) as Chief Financial Officer (CFO) of the company ....

HPCL first petroleum company to bring ethanol-blended petrol in Ladakh

HPCL has become the first petroleum company in India to start supplies of ethanol-blended petrol in the Jammu & Kashmir and Ladakh region ....

Petrol prices touch Rs 102.58/litre in Mumbai, Rs 104.59/litre in Bhopal

As another hike was rolled out by oil marketing companies (OMCs) on Monday, petrol prices reached Rs 102.58 per litre and diesel touched Rs 94.70 per litre in Mumbai ....

LPG Cylinder Portability: Now choose the LPG cylinder distributor you want

Ministry of Petroleum & Natural Gas soon going to allow LPG Cylinder Booking Portability in India. In a first, the scheme will be run as a pilot project in select cities ....

HPCL introduces fuel charges payments with ICICI Bank FASTag

Hindustan Petroleum Corporation Limited (HPCL) has enabled direct payment of fuel, LPG and lubes thru ICICI Bank FASTag at their retail outlets ....

PM launches E-100 project in Pune to set up network for production, distribution of ethanol

Prime Minister Narendra Modi has launched an ambitious ethanol E-100 pilot project in Pune on Saturday to mark the World Environment Day ....

Govt advances ethanol blending target; OMCs to sell 20% blended petrol from April 2023

Advancing the target for achieving 20 percent ethanol blending by two years, the govt has said that all oil companies will sell ethanol-blended petrol starting April 1, 2023 ....

HPCL has so far converted 50 POL terminals into smart terminals

Hindustan Petroleum Corporation Limited (HPCL) has successfully transformed a total of 50 of its POL terminals into smart terminals ....

SATAT scheme: Oil, gas PSUs sign cooperation pact to develop CBG marketing network

State-run oil and gas majorshave signed a cooperation agreement on Tuesday to develop a strong marketing network for selling CBG under the SATAT scheme ....

Fuel prices: Petrol in Mumbai costs twice as much as in New York

Breaching the Rs 100-a-litre mark for the first time ever, petrol prices in Mumbai are among the costliest in the country and twice as much as in New York, said a report ....

Cyclone Yaas: Here is Oil & Gas industry's action plan to mitigate the impact

Oil & Gas industry is gearing up to mitigate the impact of cyclone Yaas which is now likely to make landfall at north Odisha - West Bengal coast between Paradip and Sagar Island on Wednesday evening ....

HPCL Vizag fire accident: Blaze put out; no casualties, no injuries, says HPCL

A major fire broke out in one of the crude processing units of Hindustan Petroleum Corporation Ltd (HPCL) at its refinery in Vizag on Tuesday ....

HPCL raises Rs 1,950 crore debt

HPCL said that it has raised Rs 1,950 crore in debt for funding of capital expenditure, including recoupment of expenditure already incurred ....

Oil & Gas PSUs will spend about Rs 100 cr for redevelopment of Badrinath Dham

Oil & Gas PSUs namely Indian Oil, BPCL, HPCL, ONGC & GAIL have signed MoUs with Shri Badrinath Utthan Charitable Trust for the construction and redevelopment of Shri Badrinath Dham as a spiritual smart hill town ....

PNGRB extends bid submission date for JNPT-Navi Mumbai ATF pipeline for 2nd time

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai Airport for a second time ....

ONGC, HPCL setting up 20 oxygen plants, BPCL supplying over 400 MT/month of oxygen

ONGC, HPCL have been tasked with setting up oxygen generation plants at 10 hospitals each across 7 states; BPCL is supplying over 400 MT/month of oxygen from refineries ....

COVID-19: Govt summons oil PSUs into service, asks them to set up oxygen plants in hospitals

The government has summoned its oil PSUs into service and has asked them to set up medical oxygen plants in hospitals across 93 locations in India ....

ONGC misses capex target; OIL, IOC, HPCL, BPCL exceed budgeted spending for FY21

ONGC missed its capex target for FY21 by one-fifth, while other downstream oil and gas companies, IOC, HPCL and BPCL exceeded the targeted spending ....

Oil & gas PSUs to set up 7-8 Green Hydrogen pilot plants by 2021-end: Petroleum Secretary

The Petroleum Ministry has asked its oil and gas PSUs to set up seven to eight Green Hydrogen pilot plants by the end of 2021, said Secretary Tarun Kapoor ....

PNGRB invites EoI for capacity booking in Palwal-Jewar Airport ATF pipeline

The PNGRB has invited EoIs from entities for capacity booking in the 2.5-MTPA Palwal-Jewar Airport common carrier ATF pipeline ....

Indian refiners IOC, HPCL, BPCL to cut crude oil import from Saudi by 36%

In the backdrop of an escalation in tension between India & Saudi Arabia, refiners IOC, HPCL and BPCL have decided to cut crude oil import from Saudi by 36% ....

HPCL aids India's COVID vaccination drive by supplementing cold chain

HPCL is aiding the COVID-19 vaccination drive by supplementing the available cold chain by providing equipment for storage and transportation of vaccines in 4 states/UT ....

HPCL buys out Shapoorji Pallonji’s stake in Chhara LNG Terminal JV for Rs 397 cr

HPCL has acquired the balance 50 percent equity stake from Shapoorji Pallonji in HSEPL, the entity which is currently building a 5 MMTPA LNG terminal in Chhara, Gujarat ....

HPCL commissions new LPG Master Godown at Leh, Ladakh

HPCL has commissioned a new LPG master godown at Phey Village in Leh, under Ladakh UT, situated at an altitude of 11,562 feet ....

India’s overall LPG coverage crosses 99%, say OMCs

The penetration of LPG in India has improved from 55 percent in 2014 to more than 99 percent as on March 10, said state-run Indian Oil and BPCL ....

HPCL boosts up electric mobility ecosystem by launching new range of EV chargers

HPCL has launched a revolutionary, first of its kind, EV Charger, in collaboration with Magenta EV Systems under its start-up development program ....

Praj Industries to set up HPCL's CBG project in Uttar Pradesh

Praj Industries has bagged an order from HPCL for setting-up a compressed bio-gas (CBG) project at Badaun in Uttar Pradesh ....

PNGRB extends bid submission deadline for JNPT-Navi Mumbai ATF pipeline

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai International Airport ....

After 3-day hiatus, petrol, diesel prices rise again. Here are the new rates

After a three-day hiatus, petrol and diesel prices in the country again scaled unprecedented heights on Saturday as retail prices rose by 24 paise for petrol and 15 paise for diesel ....

LPG cylinder prices hiked by Rs 25, one cylinder to cost Rs 794 in Delhi

In a price notification, state-run oil marketing companies (OMCs) have conveyed that cooking gas LPG price has been hiked by Rs 25 per cylinder across categories ....

HPCL net profit rises nearly three-fold to Rs 2,355 cr in Q3 FY21

In Q3 of FY21, HPCL has recorded a nearly three-fold rise in PAT at Rs 2,355 crore vis-a-vis PAT of Rs 747 crore during the same period of the previous financial year ....

Govt to set up independent operator for common carrier gas pipelines, add 100 districts to CGD network

The government has announced its plan to set up an independent gas transport system operator for common carrier capacity in all-natural gas pipelines ....

HPCL bags FIPI’s Oil Marketing Company of the Year Award

HPCL has been conferred with the 'Oil Marketing Company of the Year' award by the Federation of Indian Petroleum Industry (FIPI) 2020....

HPCL’s Director R Kesavan gets 'CA CFO – Large Corporate: Manufacturing & Infrastructure' award

The award is in recognition of the exemplary contribution and relentless pursuit of excellence by R Kesavan in the areas of accounting, auditing, treasury, taxation, strategy, risk management, etc. ....

Saksham 2021: HPCL takes forward fuel conservation awareness program pan India

HPCL CMD along with functional directors administered fuel conservation pledge to all employees, across the country ....

Govt mulling proposal to develop free market for domestic crude oil

The Centre is considering a proposal to abandon the current practice of allocating domestic crude oil to refineries, which would help develop a free market for crude oil ....

PNGRB releases draft technical, safety standards for oil refineries, gas processing plants

PNGRB has released draft technical standards and safety specifications for refineries and gas processing plants, and has sought comments from stakeholders within 30 days ....

LTHE bags 2 orders from HPCL Rajasthan Refinery worth Rs 7,000 cr & Rs 2,500-5,000 cr

L&T Hydrocarbon Engineering (LTHE) has bagged two orders worth over Rs 7,000 crore and between Rs 2,500-5,000 crore from HPCL Rajasthan Refinery Ltd ....

IOC wins Swachhta Pakhwada award, while HPCL bags Swacchata hi Sewa award from MoPNG

IOC was given the Swachhta Pakhwada award, while HPCL was felicitated with the Swacchata hi Sewa award by the Ministry of Petroleum and Natural Gas ....

HPCL launches India’s highest octane rating petrol ‘poWer 99’ for high-end cars, performance bikes

With an Octane rating of 99, poWer 99 is currently the highest Octane rated petrol available in India, said HPCL in an official statement ....

Govt releases new policy, mandates oil & gas PSUs to ensure 50-20% local content in procurement

The government has mandated oil and gas PSUs to ensure 50-20 percent local content (LC) in the procurements made by them ....

HPCL collaborates with Tata Motor Finance for diesel sale

This HPCL-Tata Motors Finance tie-up is expected to bring in an additional monthly volume of 5,000 KL HSD (high speed diesel) in the coming three-four months through our Retail Outlet network  ....

HPCL posts nearly 3-fold increase in PAT in H1 FY21, but revenue dips 24%

State-run HPCL has recorded a nearly three-fold rise in Profit after Tax (PAT) for the April-September period at Rs 5,291 crore ....

Disinvestment: HPCL announces share buyback of Rs 2,500 crore at Rs 250 per share

The Board of Directors at state-run oil refiner Hindustan Petroleum Corporation Ltd (HPCL) has given its approval to share buyback worth Rs 2,500 crore ....

Oil PSUs have spent only a third of their capex in H1 of FY21: Ministry data

State-run OMCs have spent nearly a third of their capex target for the current financial year, with ONGC Videsh being the fastest and Indian Oil being the slowest ....

HPCL commissions new retail outlet to help prisoners in Andhra Pradesh

The objective of this retail outlet is to provide employment to reformed prisoners and help them in rehabilitation ....

HPCL collaborates with Indian Army to set up third batch of Kashmir Super 30

The concept behind the program was to handpick the brightest minds through a selection process from the less-privileged society who exemplify grit, determination and perseverance and elevate them gradually through this process towards prosperity ....

MRPL board okays MRPL-OMPL merger; HPCL-MRPL merger next in line

The MRPL-OMPL merger is expected to be completed by June 2021, after which ONGC will take up the merger of MRPL with HPCL ....

HPCL participates in Jan Andolan to promote appropriate Covid-19 behavior

HPCL is actively participating in the ‘Jan Andolan’ launched by Prime Minister on October 10 to promote appropriate Covid-19 behavior viz. wearing of masks, hand hygiene and maintaining social distance ....

HPCL is looking for Director (Finance); apply before Dec 15

Hindustan Petroleum Corporation Limited (HPCL) has posted a job vacancy through the PESB portal for the post of Director (Finance). Eligible candidates can apply for the job before December 15 ....

Data shows oil PSUs have spent only 25% of FY21 capex until August

Most state-run oil PSUs have spent nearly 25 percent of their capex for FY21 in the period between April and August, government data shows ....

OMCs delivered 13 crore LPG refills under Ujjwala in April-August period: Pradhan

State-run OMCs have delivered 13 crore LPG refills under Ujjwala Yojana in the period between April and August this year, said Dharmendra Pradhan ....

Indian Oil, HPCL, BPCL see revenue decline by 40% in April-June

A stagnant economy during the COVID-19 lockdown & the historical drop in crude oil prices dented the revenues of IOC, BPCL, HPCL by around 40% year-on-year ....

COVID pandemic cut India’s crude oil import bill by 63% in April-July: Pradhan

In the backdrop of the historical drop in global crude oil prices, India’s crude oil import has fell by 63% in the first four months of the current financial year, said Dharmendra Pradhan ....

ONGC, IOC, BPCL, HPCL, GAIL to join ISA as corporate members, contribute to corpus fund: Pradhan

Pradhan said that ONGC, IOCL, BPCL, HPCL and GAIL will be joining ISA’s Coalition for Sustainable Climate Action as corporate partners and will contribute to the corpus fund ....

HEC Limited is looking for Executive Trainees; click to know

HEC Limited has invited job applications to engage nos of 164 Trainees in HEC Training Institute (HTI) Ranchi. Interested candidates can apply August 29 ....

Here is the list of PSUs' CVOs, who get tenure extension on their post

The government has extended the services of these officers working as Chief Vigilance Officers (CVOs) in public sector undertakings (PSUs) ....

HPCL celebrates its foundation day

On the occasion, Foundation Day pledge was administered to the employees at various offices and locations following mandatory guidelines and social distancing norms ....

BPCL to operate refineries at 70% capacity by month-end, HPCL to follow suit

As demand for petroleum products is picking up, HPCL and BPCL are looking to further ramp up refining operations by the end of May ....

Divestment of profitable PSUs: 2 top PSU federations call for a press conference

Two apex federations of oil PSU officers and PSU officers in Maharatna companies will address the media on Dec 9 on the “divestment of profitable PSUs ....

Nov 28 protest against privatisation is no more about BPCL alone

The planned protest against privatisation of BPCL on November 28 will see employees from PSUs outside oil sector joining in ....

Here’s how BPCL, HPCL disinvestment will usher tough times for Indian Oil

The fuel retail sector in India is poised to undergo a major facelift as the government prepares to put BPCL and HPCL up for disinvestment/privatisation ....

With privatisation of BPCL, HPCL, is govt handing RIL a monopoly?

If BPCL and HPCL are handed over to Reliance Industries, RIL will monopolise the oil refining business in India, trade unions have warned ....

Rakesh Misri takes over as Director (Marketing) of HPCL

Rakesh Misri, who has taken charge as Director (Marketing) of HPCL, was serving as ED (Marketing) in the same organisation ....

HPCL launches campaign for ‘Plastic free Ranchi’

HPCL in association with district administration of Ranchi has launched a campaign to make the city environment plastic free ....

OMCs cancelled 40 retail dealerships in 5 years over fuel adulteration

OMCs have a system of monitoring and surveillance at retail outlets that involves surprise inspections at the retail outlet ....

HPCL ties up with Ashok Leyland to rescue truck drivers. Know how

Under this arrangement, any break down of any make of truck will be attended in 4 hours and if necessary, free towing will be done to the nearest workshop for further repairs ....

R Kesavan set to take over as Director (Finance) at HPCL

Kesavan is a Chartered Accountant and has handled assignments in corporate accounts, treasury management, risk management, budgeting, among others ....

Here’s what HPCL did on World Environment Day

In order to create awareness among the masses, activities like tree plantation, distribution of saplings, seeds and biodegradable bags etc. were carried out by HPCL ....

These two PSUs have now joined India’s ambitious Rs 9,000-cr LPG pipeline project

IOC, BPCL, and HPCL have signed an agreement on June 3 for the formation of a joint venture company for implementation and operation of LPG pipeline ....

HPCL’s Director (HR) gets doctorate degree from Andhra University

Joshi was awarded PhD in Human Resource Management (HRM) under the guidance of Prof K John, Head of Department, HRM Department ....

HPCL appoints R Kesavan as Chief Financial Officer

Kesavan earlier served as the Executive Director of Corporate Finance and he replaces J Ramaswamy, who superannuated on February 28 ....

Govt directs HPCL to acknowledge ONGC as promoter

Hindustan Petroleum, in public filings of its shareholding pattern, identifies ONGC, with 51.11 percent stake, as a public shareholder ​ ....

HPCL and Kurl On might just fund your trip to Thailand. Know how

HPCL and Kurl On, the mattress-making company, have launched a campaign named “Dream on with Kurl-on …Drive Happy with HP” that might fund your trip to Thailand ....

PSUs look to invest in more oil and gas projects in Russia

PSUs have already pumped in $15 billion in Russia, which is India’s largest investment destination in the oil and gas sector ....

India’s first compressed bio-gas plant to be functional soon

The government has announced that the nation’s first compressed bio-gas (CBG) plant will become operational within the current quarter of the fiscal ....