Company Facts - HPCL Registered Address
Petroleum House, 17, Jamshedji Tata Road, Mumbai Maharashtra 400020 Tel: 022-22026151 Fax: 022-22872992 Email:
[email protected] Website: http://www.hindustanpetroleum.com Group: Public Sector
Explore HPCL connections Registrars
Link Intime India Pvt. Ltd. C-13, Pannalal Silk Mill Compound, LBS Marg, Bhandup (West)
Tel: 25960320 Fax: 25960329 Email:
[email protected] Website: http://www.linkintime.co.in
Management - HPCL Name S Roy Choudhury B Mukherjee P K Sinha Gitesh K Shah Anil Razdan Name V Vizia Saradhi K Murli L N Gupta S K Roongta
Designation Chairman and Managing director Whole Time Director Part Time Director Non Official PartTime Director Non Official PartTime Director Designation Whole Time Director Whole Time Director Part Time Director Non Official PartTime Director
Company History - Hindustan Petroleum Corporation 1952 - The Company was incorporated in the name of Standard Vacuum Refining Company of India Limited on July 5, 1952 under the Indian Companies Act, VII of 1913. 1962
- On 31st March the name was changed to ESSO Standard Refining Company of India Limited. 1974 - On July 15th the name of the company was changed to its present name Hindustan Petroleum Corporation Limited., by virtue of Lube India and ESSO Standard Refining Company of India Limited Amalgamation Order 1974 dated July 12, passed by the Company Law Board, Department of Company Affairs, GOI, New Delhi and as published in the Gazette of India Extra-Ordinary GSR No.320(E) dated July 15. A certificate to this effect was issued by the Registrar of Companies, Mumbai on September 4th. 1976 - With the nationalisation of Caltex Undertakings in India the same were also taken over by the Government of India and subsequently merged with HPCL. 1979 - The undertakings of Kosangas Company Ltd. were merged with HPCL. As part of the disinvestment in PSUs, shares of HPCL were sold by the Government to Financial Institutions, Mutual Funds and Banks. Presently the Government holding in HPCL is 60.31%. The balance is being held by Financial Institutions, Mutual Funds, Banks, Foreign Institutional Investors, Employees and Individual Shareholders.
-It has co-promoted several joint ventures like Mangalore Refinery & Petrochemicals (MRPL), Hindustan Colas, Petronet India, Punjab Refinery Project, Visakh Power Project, Prize Petroleum Co & South Asia LPG Co. 1983
- The capacity of lube plant was increased by an additional 74,000 tonnes per annum of high viscosity index lube base stocks. 1985
- The crude unit and related off-sites were commissioned in January and fluid catalytic cracking unit was commissioned in August. - During the year corporation embarked upon a project to expand the crude distillation capacity at Mumbai by 2 million tonnes per annum at an estimated cost of Rs.45 crores. This project was commissioned in April. 1988 - Mangalore Refineries & Petrochemicals Ltd., is the first joint sector refinery being set up in the country after the Government has allowed entry of the private sector in the petroleum refining industry. 1989 - During the year corporation installed the latest C-generations concept 3*10 MW gas turbines to meet the power requirement at Bombay Refinery with facilities to generate steam simultaneously. 1991 - During September 3*10 MW gas turbine generators and heat recovery steam generators were commissioned at a cost of Rs.79.22 crores at Mumbai. 1993 - During March an MOU was entered into between Govt. of India and Govt. of Sultanate of Oman, HPCL and Oman Oil Co., Ltd., for setting up 6 million TPA refinery on the West Coast of India through a joint venture company called Hindustan Oman Petroleum Co. Ltd. 1994 - In March 1993, an MOU was signed between the Government of India, HPCL, Government of Sultanate of Oman and Oman Oil Company to form a Joint Venture Company. Accordingly, on March 4, Hindustan Oman Petroleum Company Ltd. (HOPCL) was incorporated. The project is estimated to cost approx. Rs. 4426 crores (at June prices) and both promoters will have a 26% stake each in the equity. - A Memorandum of Understanding has been was signed on May 24th between HPCL and Colas S.A., France for implementing a project for setting up
a Bitumen Emulsions plant. This was followed by execution of the Joint Venture agreement on November 25th. It is proposed to form a Joint Venture Company (JVC) in the name of `Hindustan Colas Limited' in the State of Maharashtra with equal equity participation from HPCL and Colas S.A., France. - During the year, the company entered into a tie up with Exxon, a leading oil company for blending and marketing EESO brand of lubes. 1995 - During February, the company issued 173,50,000 equity shares of Rs.10 each with detachable warrants of Rs.380 each as follows. - a. On firm allotment basis: - i) 34,70,000 equity shares with warrants to Indian Financial institutions - ii) 3,35,000 shares with warrants to Indian Mutual Funds. - b. Preferencial allotment basis: - i) 17,35,000 shares with warrants to share to employees - ii) 17,75,000 shares with warrants to shareholders of the company, - iii) 34,70,000 shares with warrants to NRIs, balance 66,05,000 shares were issued to the public. - During the year company entered into a MOU with Saudi Arabian Oil Co.(Saudi Armaco) for setting up a 1 million tonnes p.a refinery Punjab. Armaco would contribute to the extent of 26% in the equity capital of the company. - During the year company proposed to undertake petrochemical production from feedstock available from the refineries. The petrochemicals planned were paraxylene/PTA, polyisobutylene and acrylonitrile. - During the same year the company undertook to provide thermal power from surplus heavy fuel oil. The proposed joint venture is to set up 500 MW power plant an estimated cost of Rs.1865 crores. 1996 - During the year March a joint venture with Colas S.A of France, the company commenced its first State-of-the-art Bitumen emulsion Plant of
20,000 TPA capacity at Vashi, named Hindustan Coalas Ltd. 1997 - A new Terminal was commissioned at Kakinada with 30000 KL Tankage and allied facilities at a cost of Rs. 15.06 crores. - Hindustan Petroleum Corporation Limited (HPCL) is contemplating setting up 30 more LPG bottling plants over the next five years. - HPCL is converting the detachable warrant into equity shares of Rs.10 at a premium of Rs.330 per share. Through this conversion of warrant company is raising Rs.589.90 crore. The amount will be payable in four instalments of Rs 85 each payable over a period of one year. - Each warrant is to be converted into one equity share at a price of Rs.340 a share. With the full conversion of warrants, the government of India holding HPCL's equity capital will be just over 51 per cent, ruling out further dilution in the company's capital in the near future. - HPCL has signed an MoU with the government for the execution of four projects, the Vizag refinery expansion project, Vizag-Vijaywada pipeline project, diesel hydro de-sulphurisation projects at Mumbai and Vizag and Punjab refinery project. - The ministry of petroleum and natural gas has set up an expert committee on 15th September, to enquire into the causes leading to the breakout of fire at HPCL's Vishakapatnam refining plant. - The joint venture between Hindustan Petroleum Corporation Ltd and its former parent before nationalisation, Esso, is on slippery ground. - Hindustan Petroleum Corporation Ltd signed a fuel supply agreement with a private firm which would set up a 100 MW liquid fuel based combined cycle power plant near Kengeri on the city outskirts. 1998 - Hindustan Petroleum Corporation Ltd (HPCL) has signed a commercial agreement with Kondapalli Power Corporation Ltd (KPCL) for the supply of naphtha for the latter's 355-MW combined cycle power generation unit at Kondapalli in Krishna district of Andhra Pradesh.
- Hindustan Petroleum Corporation Ltd (HPCL) has awarded the contract to build the refinery to South Korea's Hyundai Heavy Industries. - Hindustan Petroleum Corporation (HPCL) is believed to have signed an agreement with Esso Mauritius for marketing the latter's range of lubricating oils here. - Hindustan Petroleum Corporation Ltd (HPCL) has set up a joint venture company with domestic financial institutions (FIs) for oil and gas exploration both in the country and abroad. - Hindustan Petroleum Corporation Limited has commissioned its state-of-the-art modern LPG filling plant at Usar, Alibagh. - State owned Hindustan Petroleum Corporation's (HPCL) joint venture with Aditya Birla Group, Mangalore Refineries and Petrochemicals Ltd (MRPL), is keen to set up an independent marketing network. 1999
- American Express and Hindustan Petroleum Corporation has signed a memorandum of understanding (MoU) for card acceptance at various gas stations. - Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have entered into an agreement for setting up a liquefied petroleum gas (LPG) pipeline and infrastructure from Visakhapatnam to Secunderabad via Rajamundry and Vijayawada. - The Foreign Investment Promotion Board (FIPB) has allowed the joint venture of Hindustan Petroleum Corporation (HPCL) and Total of France, to set up LNG terminals and venture into downstream activities such as marketing of petro-products, etc. - Hindustan Petroleum Corporation Ltd (HPCL) is celebrating its silver jubilee year with Shakti Utsavs in major Indian cities. 2000 - Scheme of amalgamation of Industrial Perfumes Ltd. with the company is effective from 9th February, with retrospective effect from 1st January, 1999. - The Company signed a confidentiality agreement with Totalfina of France to look at downstream areas, including retailing, once the domestic oil sector is opened up.
- The Company has decided to float a joint venture information technology company for its e-commerce and other internet based services foray. - The Company will set up a Rs 2900 crore power project in Visakhapatnam as part of the company's difversification strategy. - HPCL has signed a business initiative with internet service provider (ISP) Satyam Infoway Ltd. to set up more than 200 cyber cafes at its retail outlets across the country. - Pepsi has entered its second cyberspace venture forging a tie-up with Satyam and the company as the official beverages supplier for their Speednet project. - Mangalore Refinery and Petrochemicals, the joint venture between Hindustan Petroleum Corporation and the AV Birla Group of companies, is all set to sign a memorandum of understanding with Kuwait Petroleum Corporation for joint efforts in the downstream sector. - There was a fire blast in the Refinery at Malkapuram Near Visakhapatnam, on 17th August. - India's largest private Internet Service Providers, Satyam Infoway and Hindustan Petroleum Corporation Ltd. have forged an alliance to set up cyber kiosks at various petrol pumps across the country. - Hindustan Petroleum Corporation Ltd. has entered the Bangladesh lubricants market with a range of its diesel engine and motor oil. - Hindustan Petroleum Corporation Ltd. along with ZIP Telecom, front-end operator of Hughes Ispat, will set up public access telephone booths at HPCL retail outlets across Maharashtra. - The Company has set up two regional offices in Jamshedpur as part of its strategy to focus on improving services. - A subsidiary company Guru Gobind Singh Refineries has been incorporated on Dec 2000. Land admeasuring approx. 2000 acres has been acquired. - GOI is the major shareholder in the company with 51% stake.
2001 - Hindustan Petroleum Corporation Ltd. has introduced its smart card in
Bangalore for the first time in the country. 2002 - Hindustan Petroleum Corporation Ltd has informed that the Government of India has appointed Shri Arun Balakrishnan as Director-Human Resources of the Corporation. -M B Lal appointed as Chairman & M D of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas has ceased to be a part time ex-officio Director of the Corporation with effect from November 11, 2002 consequent upon his movement from Ministry of Petroleum & Natural Gas, as Secretary, Ministry of Heavy Industries & Public Enterprises. -M S Srinivasan appointed as part-time ex-officio Director on the Board of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri S D Gupta, Director (Finance) of the corporation passed away on December 26, 2002 after a brief illness. - Approves Mangalore Refinery & Petrochemicals Ltd. (MRPL) control to Birlas - HPCL is introducing a new system at its 6,000-odd retail outlets across the country. The Company plans to set up facilities enabling customers to buy original spare parts and accessories for the car - Ties-up with Gas Authority of India Ltd (Gail), Oil and Natural Gas Corporation (ONGC) to purchase LPG - Ties up with Lubrizol for its own brand of high-performance petrol, branded 'Power' - Unveils branded petrol, diesel (Power & Turbojet respectively) - HP unveils new retail brand - 'Club HP' through which it intends to offer quality personalised vehicle and consumer care through select outlets - FedEx inks one-year agreement with HPCL to set up transportation services at HPCL's 100 Club HP retail outlets in eight cities in the country - HPCL and GAIL sign agreement for formation of new JV Company to distribute and market environmentally friendly fuels in and around the cities of Andhra Pradesh 2003 - Cabinet Committee on Disinvestment (CCD) decides to divest 34.01 per cent equity in Hindustan Petroleum Corporation Ltd (HPCL) to a strategic partner
- Govt fixes Rs 2,500-cr net worth for HPCL bidders - Forges alliance with Chennai-based KwickTel Communications to launch vehicle tracking system - HPCL shareholding in Mangalore Refinery and Petrochemicals Ltd (MRPL) dips to 16.89% consequent to MRPL Debt Restructuring Arrangement - TotalFinaElf withraws from the race for acquiring the 34 per cent stake in Hindustan Petroleum Corporation Ltd (HPCL) - HPCL becomes the second largest firm in terms of sales with a turnover of over Rs 50,000 crore - Launches loyalty Plan for its LPG Consumers - Launches a new scheme where in the LPG (liquefied petroleum gas) delivery boys will carry portable weighing scales, so that HP customer can measure the Gas contend in cylinder before receiving it - Unveils a high-octane petrol brand in the market named as 'Power '93' - Ties up with Chevron for Aviation Turbine Fuel (ATF) business - Government of India appoints Mr. C Ramulu as Director - Finance of the Corporation - Signs agreement with Oil & Natural Gas Corporation (ONGC ) for sourcing crude oil ---HPCL bags eighth slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies. -Unveils Smart Card which a customer could use to pay for petrol or diesel bought at HPCL's outlets 2004 -HPCL - Marketing Initiatives in Sri Lanka - Hindustan Petroleum Corporation Ltd (HPCL) has formed a 50:50 joint venture with Total Gas and Power India (TGPI), a wholly-owned subsidiary of Total France, to develop the biggest underground 'Cavern LPG Storage' project at Visakhapatnam -Gets award for industrial safety by National Safety Council, Kerala Chapter in chemical industries sector -Inks pact with Shell India Private Ltd for product and infrastructure sharing between the two companies -Signs agreement with US Pizza, a pizza outlet, which would be opening over 500 delivery units at HPCL's outlets around the country.
The understanding is aimed at making the partnership the largest food chain in the country -Mr S. Roy Choudhary has been appointed as Director-Marketing in Hindustan Petroleum Corporation Ltd (HPCL), effective May 10 -Hindustan Petroleum Corporation Ltd on June 26 signed a memorandum of understanding with Indian Oil Corporation Ltd -Birla Power Solutions, a Yash Birla Group company, has tied up with Hindustan Petroleum Corp Ltd (HPCL) to produce electricity generators, which run on LPG -HPCL launches unique smart card -Hindustan Petroleum Corporation signs MoU & Confidentiality agreement with Chevron Texaco 2005 -HPCL signs MoU with RCF (Rashtriya Chemicals Fertilisers Ltd ) -HPCL ropes in Sania Mirza to endorse retail brands -Pizza Corner forges alliance with HPCL -Amex, HPCL unveils co-branded credit card -HPCL opens new LPG bunk in Visakhapatnam -HPCL partners with MSFCL for bio-diesel venture -HPCL signed an agreement with BP plc (formerly known as British Petroleum) to form 50:50 strategic joint venture partnership -HPCL signs MoU with Gail on November 16, 2005
2006 -HPCL, MyTVS unveils MyTVS Club HP Smart1 cards -HPCL signs MoU with SINOPEC -HPCL join hands with Malbro Appliances to market LPG stoves -Kamat Group joins hand with HPCL for food joints -Nirlep Appliances Ltd, manufacturer of cookware, has entered into a marketing pack with HPCL for marketing non-stick cookware, regular inner and outer lid pressure cookers and gas stoves. 2007 -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. Arun Balakrishnan earlier Director (HR) has taken charge as Chairman
& Managing Director of the Company effective April 01, 2007 (AM). -Hindustan Petroleum Corporation Ltd (HPCL) and ONGC have signed a Memorandum of Understanding (MoU), covering Product Sale Purchase, Infrastructure Services and Co-operation in Energy & related fields. -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. P V Rajaraman, retired IAS Officer and former Chairman of Tamilnadu Industrial Investment Corporation has been co-opted as part-time 'Non-officio' Director on the Board of the Company. - Mr V. Vizia Saradhi assumed charge as the Director, Human Resources, of the HPCL on Aug 3. - Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. V Viziasaradhi has been appointed as Director - Human Resources on the Board of the Company effective August 03, 2007 (PM). 2008 -Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. L N Gupta, Joint Secretary - Refineries, Ministry of Petroleum & Natural Gas (MOP&NG) has been co-opted as part-time ex-officio Director on the Board of HPCL at the Board Meeting held on June 25, 2008 (PM). -HPCL signs MOU with Shree Renuka Sugars Ltd -HPCL joins hand with CREDA - HPCL forays ethanol business 2009 - Hindustan Petroleum Corporation Ltd (HPCL) has appointed following firms as statutory / Branch Auditors for the Financial year 2009-10. V. Sankar Aiyar & Co. : Joint Statutory Auditors Om Agarwal & Co. : Joint Statutory Auditors Gandhy & Co. : Branch Auditors for Visakh Refinery.
2010 - Hindustan Petroleum Corporation Ltd (HPCL) has appointed Dr. Gitesh K. Shah as Part-time Non-Official Director on the Board of HPCL effective December 07, 2009.
Company Background - Hindustan Petroleum Corporation Industry Name Refineries House Name Public Sector Collaborative Country Name N.A. Joint Sector Name N.A. Year Of Incorporation 1953 Year Of Commercial Production N.A.
Regd. Office Address Petroleum House,, 17, Jamshedji Tata Road District
Mumbai State Maharashtra Pin Code 400020 Tel. No. 022-22026151 Fax No. 022-22872992 Email :
[email protected] Internet : http://www.hindustanpetroleum.com
Welcome to Refineries section
Without refining, the rich resources of crude petroleum of natu re would remain latent. Value-added products from crude petroleum like pet rol, diesel, kerosene, liquefied petroleum gas, naphtha and many more products would not be available for growth and development of a nation. HPCL refineries upgrade the crude petroleum into many value-added products and over 300 grades of lubricants, specialties and greases. The Lubricating Oils Refinery set up at Mumbai is largest lube refinery in India. It produces superior quality lube base oils. The offsite product handling facilities of refineries at Mumbai and V ishakhapatnam has been automated. Projects have been implemented and facilities upgraded to produce green fuels like unleaded petrol and low sulphur diesel. and Euro III & Euro IV works are in progress . The refineries have been benchmarked by an international agency for various performance parameters. Numerous awards have been bestowed on both the refineries in recognition of the efforts in the field of energy conservation, environment and safety. This section showcases about our Refineries: Its History, Performance, New Projects, Research & Development, Awards.
About HP Aviation... Leading Jet fuel supplier in India
Hindustan Petroleum (as Esso and Caltex prior to 1974) has been providing aviation refueling (Aviation Turbine Fuel - ATF) services at various airports in I ndia for more than half a century. To know more about HP Aviation, also fondly called " Hindustan" Aviation, browse the following links.
Overview: History of HP Aviation, ASF Network, and our services
Infrastructure y y y y
Aviation Service Facility: Our Facility to supply JET A1 at Indian Airports Location of our ASFs: Aircraft Fueling Facilities of HP Aviation in India Equipment: Our Equipment to supply Aircraft Jet Fuel in India Modernization And Upgradation: Keeping ATF Refueling facilities up-to-date
Quality : Quality Policy and Practices of HP Aviation
Accreditation: The certification and awards won by our ASFs
Training: Training of Aircraft Refueling Personnel
Corporate Citizen: HP Aviation: The Corporate Citizen
Value Added Services: Additional services extended by HP Aviation
Clientele: A short list of Major Customers of Hindustan Aviation
Jet Fuel Prices
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Domestic Prices: Price of Jet A1 at various airports in India International Prices: PLATTS based Pricing in India for International carriers
Welcome to International Trade section This section showcases about our International Marketing,Crude supplies and Our Offerings. Please navigate to various information using the links. The activities of IT&S relate to y y y y y y y y
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Crude oil imports, Petroleum Product Imports / Exports, Shipping, Production planning for Refineries, Supplies for domestic Markets, Product exchange with other Indian Oil Companies and Oil price risk management. Welcome to HP GAS, Your friendly gas Who are we? HP Gas, the HPCL brand of LPG, is what keeps the fire burning in millions of Indian homes. Bottled at 43 LPG Bottling Plants throughout the country with a total capacity o f over 2500 thousand metric tonnes per annum (TMTPA).
Welcome to Retail Business Unit Who Are we?
At HPCL retail outlets, we believe in maintenance. Maintaining not just the vehicle, but a steady relationship with our consumer. And to do so, provide better and efficient services. We take care of not only your fuelling needs, but also complete vehicle care. We stock related products like tyres, batteries and accessories, so you don't have to go shophopping. All our other value-added services ensure that your vehicle is well looked after.
Alternate Energy: Being an energy company, HPCL has been in the forefront in experimenting with alternate sources for harnessing of renewable energy resources. Wind power
Maharastra: HPCL's maiden renewable & alternate energy Wind Energy Generator was commissioned at Dhule in Maharashtra State in May 2007. This 3.75 MW pilot turnkey project, costing about Rs 19 Crores, comprised of just 3 Wind Turbine Generator (WTG) units, each with an installed capacity of 1.25 MW. This was executed by M/s Suzlon Energ y Limited. Power generated from this venture is being sold to the Maharashtra State Electricity Board (MSEB).
Rajasthan: HPCL comissioned another Wind power project in Jaisalmer in Rajasthan State o n 1st January 2009. The 21.25 MW turnkey project, executed at Rs 110 Crore by M/s Suzlon Energy Limited, comprises of a 17 unit-farm, each WTG unit having an installed capacity of 1.25 MW. The power generated is wheeled through the Rajasthan State Electricity grid and is partly consumed by HPCL¶s centres at Ajmer, Jaipur, Kota, Pali and Jodhpur. Surp lus power is being sold to Rajasthan State Electricity Board. ( RSEB)
HPCL remains committed to enhance use of renewable energy resources and exploration of alternate sources of energy.
Crude Refining and Marketing of finished Pet roleum products is the core area of the Corporation. Opportunities are also being explored to access new revenue streams, and augment downstream businesses. Accordingly, HPCL has ventured in Upstream act ivities (Exploration and Production) and piped gas distribution in major cities Clicking on the Links direct you to the w ebsites of these Organisations, and the Information provided and views expressed on these websites are of these respective organizations and Hindustan Petroleum Corporation Limited is not liable for the views / accuracy of data expressed.
Joint
Ventures
HPCL-Mittal Energy Ltd. (HMEL) Hindustan Colas (HINCOL) Prize Petroleum Company Limited South Asia LPG Co Pvt. Ltd. ( SALPG) Bhagyanagar Gas Limited (BGL) Aavantika Gas Limited Petronet India Limited (PIL) Petronet MHB Limited (PMHBL) Mangalore Refineries and Petrochemicals Limited (MRPL) CREDA-HPCL Biofuel Limited (CHBL) Sushrut Hospital and Research Centre
HPCL-Mittal Energy Ltd.(HMEL) JV with Mittal Energy Investments Pte. Ltd, an L.N. Mittal group company, for implementation of Guru Gobind Refinery.a green field refinery project located at Bhatinda, Punjab. HPCL and Mittal Energy Investments each have 49% stake, balance 2% with financial institutions. State-of-art refinery with an initial capacity of 9 MMTPA, co sting around Rs 18,000 crores. The refinery is designed to process Arab Heavy Crude with flexibility to process other heavy / sour / acidic crudes. The configuration of the refinery includes primary units and secondary process units viz. CDU/VDU, VGO-HDT, FCC, NCU/ISOM, HGU, DHDT, SRU, DCU and Polypropylene manufacturing facilities. Other facilities include utilities such as CPP, Steam generation, Effluent Treatment plant, product storage etc. Facilities include refinery units, a pipeline from Mundra to Bhatinda, crude oil receiving terminal, SPM and jetty at Mundra port. Financial closure achieved on July 28, 2007. During the year, HMEL has incorporated a wholly owned subsidiary viz. M/s HPCL-Mittal Pipelines Limited (HMPL) to set up and operate business relating to crude oil receipt, its storage and cross country transportation of crude oil. Both HMEL & HMPL have achieved financial closures and are currently in process of awarding major contracts and orders for equipments
Project expected to be completed by 2011.
Hindustan Colas (HINCOL) JV promoted with M/s COLAS SA, France. Incorporated on July 17, 1995 Manufactures International quality value-added bituminous products such as bitumen emulsions & cutbacks and modified bitumen. The turnover of the company crossed Rs.250 crores for the year 2007-08. The products of HINCOL are widely used by agenc ies associated with road construction. During 2007-08, 4000MT of Polymer Modified Bitumen manufactured by HINCOL was used for the new Airports at Bangalore and Hyderabad. Currently operates seven manufacturing plants across India.
Prize Petroleum Company Limited HPCL, in partnership with ICICI and HDFC, had formed this Joint Venture E&P Company for participating in exploration and production of hydrocarbons. PPCL was incorporated o n October 28, 1998. PPCL is also providing consultancy services related to E&P. The consortium of PPCL, HPCL and Trenergy of Malaysia, which had signed the Service Contract for development of ONGC¶s offshore marginal fields-Cluster-7, has made considerable progress during the year. Initial Development P lan (IDP) duly approved by all consortium partners has been submitted to ONGC Limited. Reservoir simulation study has been completed. PPCL has signed a Service Contract with ONGC Ltd for development o f marginal fields in Cambay basin with 50% holding in the consortium. During the year, these fields produced 49,123 barrels of oil. PPCL has also entered into a Production Sharing Contract (PSC) with 50% stake in an onland marginal field at Sanganpur. During the year, there was a production of 1,426 barrels of oil from this field. In respect of onshore block (under NELP-VI) at South Rewa in Madhya Pradesh, after receipt of Petroleum Exploration License (PEL) from State Govt., the explorat ion activities as per committed minimum work program have been initiated. PPCL is the Operator in this field.
South Asia LPG Co Pvt. Ltd. ( SALPG) JV with Total Gas and Power India (a wholly owned subsidiary of Total of France) with HPCL's equity participation of 50% was incorporated on November 16, 1999. First of its kind in India, the underground SALPG Cavern facility for storing LPG was commissioned in December, 2007 and formally inaugurated by the Minister of Petroleum & Natural Gas on 14th January, 2008. Setup at the cost of Rs.333.30 crores,the Cavern Marine Terminal has a 60,000 MT capacity underground LPG storage Cavern and associated receiving & despatch facilities at Visakhapatnam. The SALPG Cavern is the largest LPG storage facility in South Asia with the lowest point 192 M below the Mean Sea Level (MSL) ranking among the deepest Caverns in the World.
During the initial 3 months of its operation, SALPG has discharged three VLGC (Very Large Gas Carrier) parcels and handled a volume of over 156000 MT of LPG. The Cavern storage facility would enable meeting the growing demand of LPG in India and also the export of LPG to the deficit markets in South Asia / South East Asia.
Bhagyanagar Gas Limited (BGL) JV with GAIL for distribution and marketing of environmental friendly fuels (green fuels) viz. CNG and Auto LPG for use in the transportation, domestic, co mmercial and industrial sectors, in the state of Andhra Pradesh . Incorporated on August 22, 2003 . HPCL and GAIL, each, hold 22.5% of the equity while 5% is held by the Government of Andhra Pradesh and 50% by Strategic/Financial investors. Launched CNG in Vijayawada & Hyderabad and is operating 5 CNG dispensing stations in Vijayawada and 3 CNG Dispensing stations in Hyderabad. During the 2007-08, the first CNG Bus Dispensing station was commissioned in Vijayawada which supplies CNG to the buses operated by APSRTC. BGL is also operating 4 Auto LPG Outlets ± 3 in Hyderabad and 1 in Tirupati. .
Aavantika Gas Limited Incorporated on June 07, 2006, is is a Joint Venture Company with GAIL for distribution and marketing of environmental friendly fuels (green fuels) viz. CNG and Auto LPG for use in the transportation, domestic, commercial and industrial sectors, in the State o f Madhya Pradesh. In 2007-08, AGL has completed construction of CNG Mother Station at Indore and achieved mechanical completion thereof. 5 Daughter Stations for dispensing CNG, 4 at Indore and 1 at Ujjain are also ready for operation. Licence Awaited from PNGRB.
Petronet India Limited (PIL) JV formed in May 1997, with 50% equity by Oil PSUs, HPCL holding 16% equity and balance 50% being taken by private companies/ Financial Institutions . PIL, with different oil companies, implement individual pipeline pro jects-like Petronet MHB, through Special Purpose Vehicles (SPVs). Since oil companies are now having pipelines independently, PIL has initiated action to disinvest its equity holding in individual JVs
Petronet MHB Limited (PMHBL) Promoted (PMHBL) with Petronet India Limited (PIL) for the construction and operation of Mangalore - Hassan - Bangalore product pipeline. HPCL & PIL each has 26% equity participation. ONGC with 23% equity has joined as a strategic partner. Meets fuel transportation needs between Mangalore, Hassan and Bangalore. Executed at a cost of Rs. 667 crores. After debt restructuring, equity holding of ONGC, HPCL and lending banks and PIL now stand at 28.77%, 28.77%, 34.57% and 7.89% respectively. PMHBL obtained Integrated Management System Certification covering Quality management System-ISO-9001, Environmental Management system - ISO - 14001 and OHSAS - 18001 in any PSU pipeline or PIL pipelines.
Mangalore Refineries and Petrochemicals Limited (MRPL) Commissioned in March 1996 with a Refinery capacity of 3 MMTPA Refinery capacity enhanced to 9 MMTPA during 1999-2000.
ONGC acquired the entire equity stake o f Indian Rayon & Industries Limited (IRIL). It added Rs. 600 crores as additional equity in March, 2003. After debt restructuring, HPCL's equity stands at 16.95% HPCL and MRPL have bee n exchanging intermediate process streams between their refineries to supplement efforts to meet new environmental norms in respect o f products like MS and HSD on mutually agreed terms
CREDA-HPCL Biofuel Limited (CHBL) CREDA-HPCL Biofuel Limited is a Subsidiary company of Hindustan Petroleum Corporation Limited (HPCL), with Chhattisgarh State Renewable Energy Development Agency (CREDA) for the plantation of jatropha in the State of Chhattisgarh.
seeds are used for the production of bio-diesel as viable renewable source of energy. The Company¶s objective is to carry out jatropha planatation on 15,000 hectares of land leased to HPCL by the Govt. of Chhattisgarh. Jatropha
HPCL holds 74%, and CREDA holds 26% shareholding in CHBL.
Sushrut Hospital and Research Centre HPCL is a major constituent of the Chembur Hospital Project Trust (CHPT - A public charitable trust) , which manages the hospital. Sushrut Hospital is a 90 Bedded, tertiary referral acute care private hospital. First of its kind in India for handling Burns & extended Trauma care with State of the Art facilities
Other members of CHPT are: Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL),TATA Power Company Limited, National Organic Che micals & Industries Limited (NOCIL) and Rashtriya Chemica ls & fertilizers limited ( RCF)
