Hindustan Petroleum Corporation Limited (HPCL), a Government of India enterprise, was founded in 1974. The company, which has been conferred the prestigious Navratna status, is also listed among Fortune 500 and Forbes 2000 companies.
HPCL had an annual turnover of Rs 190,048 crore (US$ 32.38 billion) and sales/income from operations of Rs 215,675 crore (US$ 36.74 billion) during FY 13. The company’s crude throughput and market sales (including exports) were 15.78 Million Metric Tonnes (MMT) and 30.32 MMT, respectively, during the same fiscal.
HPCL has about 20 per cent marketing share in India among Public Sector Undertakings (PSUs) and a strong market infrastructure. It operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 6.5 Million Metric Tonnes Per Annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.
The enterprise has a vast marketing network consisting of 13 zonal offices in major cities and 101 regional offices facilitated by a supply and distribution infrastructure comprising terminals, pipeline networks, inland relay depots and retail outlets, aviation service stations, LPG bottling plants, lube and LPG distributorships.