Hindustan Petroleum Corporation Ltd (HPCL) is one of India’s leading oil & gas PSUs engaged in refining, petroleum marketing, and hydrocarbon production.
Market Position: Operates India’s largest lube refinery, has the 2nd-largest retail & LPG network, ~13.4% share in refining capacity, and ~20.5% share in petroleum products.
Operations: Runs 2 refineries (Mumbai & Vizag), JV refinery (HMEL), and stake in MRPL; manages 17 pipelines (5,134 km). Customer network includes ~23k retail outlets, 6.3k LPG distributorships, 5k+ EV chargers, serving ~97 million LPG consumers.
Financial Metrics: 9M FY25 refinery throughput at 18.53 MMT (vs 22.33 MMT in FY24), GRM at $4.7/bbl (vs $9.1/bbl).
Expansion: Building a 9-MMTPA refinery-petrochemical complex at Pachpadra (₹71,814 Cr project), LNG terminal in Gujarat, refinery upgrades, and a ₹4,679 Cr lube modernization project. Annual capex guidance: ₹13–15k Cr.
Future Plans: By FY28, refining capacity to exceed 45 MMTPA, retail network to expand to 26k outlets. Strong R&D focus with 620+ patent filings.
Overall, HPCL is emerging as an integrated energy leader, expanding into refining, LNG, petrochemicals, and cleaner fuels to meet India’s growing energy needs.
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