Entity

HPCL is an Indian state-owned integrated oil and gas company headquartered in Mumbai, operating as a Maharatna Public Sector Undertaking under the Ministry of Petroleum and Natural Gas. Originally incorporated on July 5, 1952, as 'Standard Vacuum Refining Company' by the erstwhile ESSO, HPCL was nationalized and has evolved into India's major petroleum refining and marketing enterprise.

Refining Capacity

Owned Refineries

• Mumbai Refinery: 9.5 MMTPA (~218,000 bpd) - India's first modern refinery (1954), includes largest lube base oil facility (335,000 MT/year, 40%+ of India's capacity)

• Visakhapatnam Refinery: 15 MMTPA (~344,000 bpd) - expanded from 8.3 MMTPA, features India's first residue hydrocracker

Joint Ventures

• HPCL-Mittal (Bathinda): 11.3 MMTPA (~259,000 bpd), 49% HPCL ownership

• MRPL (Mangalore): 9.69 MMTPA (~222,000 bpd), 16.95% stake

• HRRL (Barmer): Under construction, 74% HPCL ownership

Total capacity: 36 MMTPA (~825,000 bpd), targeting 45.3 MMTPA by FY2028

Products & Infrastructure

Major products: BS-VI petrol and diesel, ATF (jet fuel), LPG, kerosene, lube base oils (300+ grades), naphtha, bitumen

Distribution: Extensive retail network, 3,370+ km product pipelines (India's second-largest), nationwide terminals, depots, LPG bottling plants, and aviation service stations

Strategic Focus

HPCL is expanding refining capacity through brownfield and greenfield projects while diversifying into natural gas, biofuels, and renewables to support India's energy transition. The company maintains strategic east-west coast refinery positioning and emphasizes petrochemical integration and middle-distillate yield optimization.