Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited (HPCL) was formed on July 15, 1974. HPCL is under Top 250 Global Energy Company with a ranking of 54 with Annual Gross sales of Rs. 2,69,243 crores during FY 2020-21 and has a strong presence in Refining & Marketing of petroleum products in the country. Its headquarter is situated in Mumbai, Maharashtra. HPCL has the second largest petroleum product pipeline network in India with network length of 3,775 km. HPCL owns and operates Refineries at Mumbai & Visakhapatnam and the largest Lube Refinery in the country at Mumbai for producing Lube Oil Base Stocks. HPCL has a vast marketing network consisting of 14 Zonal offices in major cities and 133 Regional Offices with a customer base of about 8.7 crore LPG consumers as of May’21.
CSR Focus of HPCL is on four key areas Child Care & Education, Health Care, Skill Development and Community Development to make a difference to the underprivileged. Total expenditure of HPCL’s in CSR activities during 2020-21 was 15635.06. Preference to CSR activities in local communities in and around areas of Company’s operations viz. Refineries, Terminals, Depots, LPG Plants, Pipelines, Aviation Stations, Lube Blending Plants, Project locations and other offices etc.
Their Sustainability Policy is to achieve the economic, ecological and social responsibility. HPCL strive to contribute to sustained overall economic growth by continually improving the efficiency and productivity of our operations. They will execute their business activities in such a way that the ecological balance is not impacted and conduct programmes for the community, suitably designed towards building their individual capabilities.
COVID-19 RESONS
HPCL’s contribution in COVID vaccination drive in India by providing equipment for cold storage and transportation of the vaccines in four states and union territory. HPCL supplemented cold chain equipment requirements across Punjab, Chandigarh, Rajasthan and Maharashtra by delivering 126 ice-lined refrigerators, 97 deep freezer and one walk-in-freezer and two refrigerated trucks to the respective state health departments.
Their shareholding pattern consists of Promoters and Promoter Group having 54.90% of shares, Public having 10.98% shares, following by FII’s having 17.84% shares and DII’s with 16.28% shares.
