- CEO
- Vikas Kaushal
- Full Time Employees
- 8,256
- Sector
- Energy minerals
- Industry
- Oil refining/Marketing
- Address
- Petroleum House Mumbai MH India 400020
- IPO Date
- Feb 13, 1995
- Business
- Hindustan Petroleum Corporation Limited Hindustan Petroleum Corporation Limited (HPCL) refines crude oil and markets petroleum, natural gas, and specialty products throughout India; its core offerings encompass petrol and diesel distributed via over 20,000 retail outlets, liquefied petroleum gas (LPG) for domestic and industrial applications, aviation turbine fuel supplied to major airports and international clients including the US, lubricants encompassing over 300 grades under brands such as Laal Ghoda, HP Milcy, Thanda Raja, Koolgard, and Racer4 with the company commanding over 30% market share and operating India's largest lube refinery at 335,000 metric tons capacity, greases and specialties like white spirit oil and emulsions, as well as value-added bituminous products; HPCL operates two wholly owned refineries with a combined capacity exceeding 23 million metric tons per annum at Mumbai (9.5 million metric tons, recently expanded from 7.5 million) and Visakhapatnam (13.7 million metric tons), alongside equity stakes in additional facilities including 16.95% in Mangalore Refinery and Petrochemicals Limited (MRPL), 48.99% in HPCL-Mittal Energy Limited (HMEL) which operates the 11.3 million metric tons Guru Gobind Singh Refinery in Bathinda and recently commissioned a 1.2 million metric tons petrochemical cracker producing HDPE, LLDPE, and polypropylene grades, and 74% in HPCL Rajasthan Refinery Limited (HRRL) advancing a 9 million metric tons greenfield refinery and 2.4 million metric tons petrochemical complex near Barmer; the company maintains an extensive marketing infrastructure with 19 zonal offices, 145 regional offices, pipelines, terminals, depots, LPG bottling plants, and aviation service facilities nationwide, supplemented by joint ventures in city gas distribution (such as Bhagyanagar Gas Limited and Aavantika Gas Limited), biofuels via wholly owned HPCL Biofuels Limited, LNG through HPCL LNG Limited whose 5 million metric tons terminal at Chhara Port achieved mechanical completion in 2023, and green energy pursuits via newly formed HPCL Renewable & Green Energy Limited including solar plants in Uttar Pradesh and Haryana; founded in 1974 through government nationalization and amalgamation of Esso and Caltex operations with headquarters in Mumbai, HPCL functions as a Maharatna public sector undertaking and majority subsidiary of Oil and Natural Gas Corporation since 2018; recent developments include a 10-year LNG purchase agreement with ADNOC Gas in August 2025, a supply arrangement with Nayara Energy for gasoline and gasoil, Q1 FY2026 profit surge of 548% to ₹4,110 crore driven by improved margins, HMEL's petrochemical expansion into commercial operations during 2023-24, progression toward commissioning the Barmer refinery by early 2026 at 76% mechanical completion, Visakhapatnam refinery modernization, Mumbai refinery expansion completion, and strategic renewable energy supply under RESCO model to joint venture facilities alongside ethanol blending advancements at biofuels plants.