### **Overview** Hindustan Petroleum Corporation Limited (HPCL) is a **Maharatna Central Public Sector Enterprise (CPSE)** under the Ministry of Petroleum and Natural Gas, Government of India. With over a century of operations, HPCL has evolved from a traditional oil marketing and refining company into a **diversified, integrated energy major**, strategically positioning itself across the hydrocarbon value chain and emerging energy sectors. HPCL is the **second-largest player in India’s retail fuel network, cross-country petroleum pipelines, and LPG marketing**, and maintains a **#1 position in branded lubricants, industrial lubricants, and two-wheeler lubricants**. The company is rapidly expanding into **high-growth verticals** such as petrochemicals, natural gas, renewables, and non-fuel retail to future-proof its business and support India’s energy transition. --- ### **Core Business Segments & Key Metrics** #### **1. Refining** - **Refining Capacity:** HPCL controls **13.87% of India’s refining capacity**, with a projected increase to **~16.9%** post-completion of expansion projects. - **Operational Performance (FY 2024–25):** - Record crude throughput of **25.27 MMT** across Mumbai (9.96 MMT) and Visakh (15.31 MMT) refineries. - Expansion of crude basket to **178 global grades** for enhanced procurement flexibility. - **Key Projects:** - **Visakh Refinery Modernisation Project (VRMP):** - Residue Upgradation Facility (RUF) using **LC-MAX technology** (world-class efficiency) has achieved mechanical completion and is in advanced commissioning. - RUF will convert heavy residual oil into high-value products, improving refining margins. - **HPGRDC (HP Green R&D Centre)** has developed proprietary technologies like **HP-DAK (kerosene dearomatization)** and **HP Enscour (sludge removal)** to improve refinery efficiency. #### **2. Marketing & Retail** - **Retail Network:** - **23,747 retail outlets** nationwide, the **second-largest network in India**. - Added **1,725 new outlets** in FY 2024–25. - **Non-Fuel Retail Expansion:** - **494 HaPpyShops** offering snacks, FMCG, and beverages. - Partnerships with QSRs: **McDonald’s, KFC, Subway, Tim Hortons**, etc. - Launched **‘HP paani’** (packaged drinking water) and **‘HP Vahan’** (co-branded auto care products). - Deploying **EV charging stations (5,976 installed)** and **battery swapping**, positioning HPCL as a clean mobility enabler. - **Wayside Amenities (WSA):** - Operates **39 WSAs** (14 new commissioned in FY 2024–25). - Established **60 ‘Apna Ghar’** facilities for truckers’ welfare. - **Loyalty & Digital Engagement:** - **Drive Track Plus** program for commercial fleets has onboarded major OEMs and transporters. - **Cloud-based CRM platform** launched to enhance customer engagement. - **HP Pay App** enhanced with voice-enabled payments, UPI, and e-KYC. #### **3. LPG & Gas Business** - **LPG Operations:** - **#2 LPG marketer in India**, serving **over 9.7 crore customers**. - Added **12.85 lakh new LPG customers** in FY 2024–25. - **Record LPG sales of 8.95 MMT** (↑4.5% YoY), driven by strong industrial and domestic demand. - **Market leader in Free Trade LPG (FTL) segment**, selling **9 million ‘APPU’ 5kg & 2kg cylinders** — highest volume globally. - **Strategic Infrastructure:** - Commissioned **India’s largest LPG cavern (80 TMT)** at Mangalore (commissioning Q2 FY 2025–26), with **60 TMT existing cavern at Visakh** (JV with TotalEnergies). - Developing **3,500 km Kandla–Gorakhpur LPG Pipeline** (via IHB Limited JV — 90% physical progress). - **City Gas Distribution (CGD):** - Authorizations in **25 Geographical Areas** across **14 states** through four JVs. - **475 CNG stations** (↑129 YoY) and **5,379 km pipeline network**. - Supplies PNG to **~70,000 connections**. - Strategic tie-ups with **Petregaz Krishnapatnam** for LPG import and storage. #### **4. Natural Gas & LNG** - **LNG Terminal:** - Commissioned **5 MMTPA LNG regasification terminal at Chhara, Gujarat** (Jan 2025). - Received **two LNG cargoes** and finalized supply agreements for external sales and refinery needs. - **Upstream Gas Value Chain:** - Active in **LNG imports, pipelines, CGD, and LNG retail**. - Commissioned **India’s first LNG dispensing outlet** at Oran, Gujarat. - **11% equity stake** in GSPL India’s joint ventures building three national gas pipelines. - **MoUs with NTPC, IOCL, and IGX** to strengthen gas trading capability. #### **5. Lubricants (Flagship Business)** - **Market Leadership:** - **Largest distributor in India** in automotive & industrial lubricants. - **#1 branded lubricant in Commercial Automotive (16%)** and **Industrial (15%)** per Kline Report 2024. - Top supplier for **two-wheelers**, with Racer brand supported by **2,000+ Racer Stations**. - **Performance (FY 2024–25):** - **Record sales: 704 TMT**, including **5.6 TMT in exports** to **30 countries**. - **HP Middle East FZCO** achieved record sales in ME & Africa. - **Product Innovation:** - Launched **Futur-X** (premium synthetic range), **HP Shine Pro**, **Domishield**, and specialty additives. - Expanded OEM partnerships to **over 50**, including **exclusive deal with Bajaj Auto** for 3-wheeler lube supply. - **Blending Capacity:** - **340 TMT/year** across **4 plants**. - **350+ branded products** and **~1,500 SKUs**. #### **6. Petrochemicals (Growth Engine)** - **HP Durapol® Brand:** - Entered petrochemicals in 2022 with **HDPE, LLDPE, and PP**. - **Sold 150 TMT of polymers** in FY 2024–25 (↑327% growth since FY 2022–23). - Portfolio expanded to **6 grades**, with **14 PE and 21 PP grades** planned at HRRL. - **HRRL Project (Future-Ready Investment):** - **9 MMTPA refinery + 2.41 MMTPA petrochemical complex** at Pachpadra, Rajasthan. - **India’s first integrated grassroots refinery-petrochemical complex**, targeting **26% petrochemical intensity** — highest in India. - **Flexible production** — can shift between fuels and petrochemicals based on market demand. - High-end products: **2x500 KTPA PE** and **2x490 KTPA PP** (largest in India). - **HMEL JV Contribution:** - Guru Gobind Singh Polymer Addition Project (GGSPAP): **1.2 MMTPA cracker**, expandable to **1.5 MMTPA**. - Produced **200 TMT of polymers** in 2023–24. #### **7. Aviation & Industrial Fuel** - **Aviation Turbine Fuel (ATF):** - **Record sales: 1.09 MMT (↑24.5% YoY)**. - **57 Aviation Service Facilities (ASFs)** — added 4 new (Kanpur, Surat, Jalgaon, Moradabad). - **Key Contracts:** - **Bhogapuram Greenfield Airport (Andhra Pradesh)**: DBFOT contract for **entire Fuel Farm & Into-Plane operations**. - **Sustainable Aviation Fuel (SAF):** - **MoU with Boeing** to co-develop India’s **SAF ecosystem**. - **Industrial & Consumer (I&C) Sales:** - **6.04 MMT direct sales (↑13.2% YoY)**. - Sold **280 TMT bunker fuels**, including first export to **Sri Lanka**. - Supplies to sectors: **mining, construction, power, shipping, railways**. #### **8. Renewables & Green Energy** - **Green Power Generation:** - **143.2 million units** of green energy from **100.9 MW** wind assets. - **50.4 MW wind farm in Rajasthan** cleared for open access sales — **first of its kind**. - **Open access sale of 48.3 MW** achieved, creating new revenue stream. - **HPCL Renewable & Green Energy Ltd (HPRGE):** - Implementing **>220 MWp** of solar/wind for captive use. - **Biofuels & CBG:** - **12% ethanol blending** achieved (156 crore liters). - **CBG plants** at Budaun (14.2 TPD) and Pathmeda (1.6 TPD). - **24 TMT CBG sold** in FY 2024–25. - **Green Hydrogen:** - **India’s first solid oxide electrolyser (10 kg/day H₂)** powered by **2.3 MW solar plant**. - **370 TPA green H₂ plant** operating at Visakh Refinery. --- ### **Innovation & Digital Transformation** #### **HP Green R&D Centre (HPGRDC)** - **Innovation Powerhouse:** - **661 patents** cumulatively, **114 filed in FY 2024–25**. - Developed **20 new commercial products**, including specialty chemicals and biomaterials. - **Key Technologies:** - **H2 PSA Tech:** Indigenized — HPCL is **India’s first and world’s third licensor**. - **HiGAS:** CO₂ capture tech deployed at Visakh Refinery (24,000 MT/year CO₂ capture). - **HP VisABit:** Bitumen modifier, **4x faster** than alternatives. - **Naphtha-to-olefins, 2G ethanol, SAF, 3D printing polymers**, and **sodium-ion batteries** under development. #### **Project Parikalp (Digital Enablement)** - **AI & Automation:** - **AI-powered video analytics** for safety and service monitoring. - **Robotic Process Automation (RPA), IoT, AR/VR, and generative AI** for smarter operations. - **Green Data Centre:** - **First among oil companies** to receive **IGBC Platinum certification**. - **e-BG Platform:** - **Industry-first electronic Bank Guarantee system** integrated with **NeSL**, reducing processing time significantly. --- ### **Financial & Strategic Highlights** - **Market Share:** - **20.54% share in domestic petroleum products**. - **#2 in LPG, retail network, and pipelines**. - **Joint Ventures & Subsidiaries:** - **21 JVs, subsidiaries, and associates**, including: - HRRL (Rajasthan Refinery), HMEL (Bathinda), HPOIL (Haryana/Maharashtra), IHB (Kandla-Gorakhpur LPG pipeline), HMEF (Middle East operations). - **International Presence:** - Exports to **30+ countries** — **USA, UAE, Sri Lanka, Cambodia, Ecuador**, etc. - **HPCL Middle East FZCO** is key hub for global lubricant sales. - Expanded into **Qatar, Oman (bunkering), and Antarctica** (fuel supply via NCPOR). --- ### **Leadership & Governance** - **Shri Amit Garg**, Director (Marketing), leads downstream operations and drives diversification into **renewables, petrochemicals, CGD, and EV**. - **Chairman of** HPCL Renewable & Green Energy Ltd and Bhagyanagar Gas Ltd. - **Board roles in HRRL and former HMEL**. --- ### **Sustainability & ESG** - **Net-Zero Roadmap:** - Target: **Scope 1 & 2 emissions by 2040**. - Dedicated **Energy Transition Cell** driving decarbonization strategy. - **Circular Economy Initiatives:** - Trials of **100% recycled plastic tiles** at retail outlets. - **Post-Consumer Recycled (PCR) material** used in lube bottles. - **Green Hydrogen & Carbon Capture:** Global leadership in CO₂ and H₂ technologies. ---