name: Hindustan Petroleum Company Limited
Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and gas company headquartered in Mumbai, Maharashtra. It is ranked 260th in the 2013 Fortune Global 500 list. As of 2012, it is the fourth largest company in India. The company has a 25% share of business units and marketing infrastructure.
According to the Esso (Acquisition and Operation in India) Act of 1974, Hindustan Petroleum Company Limited was established in 1974 after the former Esso Standard and Lubricants (India) Co., Ltd. took over and merged.
For many years, Hindustan Petroleum Company Limited has been growing steadily. As of March 2013, the company’s refining capacity has steadily increased, from 5.5 million metric tons on August 5, 1984 to 1.480 billion metric tons. Sales/business in the form of net income in the financial sector increased from Rs 2,687 crore in 1984-1985 to Rs 2,06529 crore in the 2012-2013 fiscal year. In the 2013-2014 fiscal year, its net profit was 174 billion rupees.
Hindustan Petroleum Company Limited has two large refineries that can produce a variety of petroleum fuels and chemicals. One is located in Mumbai (west coast) and produces 6.5 million metric tons per year, and the other is located in Visakhapatnam (east coast)., It can produce 830 metric tons per year. It holds a 16.95% stake in Mangalore Refining and Petrochemical Co., Ltd. Mangalore has a production capacity of 900 metric tons.
In 2014, Hindustan Petroleum Company Limited had revenues of US$37.85 billion, operating income of US$621.6 million, net profit of US$174.7 million, total assets of US$15.64 billion, and total equity of US$2.46 billion. In 2012, the company had 11,226 employees.
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