Top 10 Public Sector (PSU) Companies in India 2016
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4) HINDUSTAN PETROLEUM CORPORATION OF INDIA
Hindustan Petroleum Corporation Limited (HPCL), one among the top Indian state-owned Enterprise of oil and natural gas, was incorporated in 1974 under the Indian Companies Act 1913.
image:wikimedia, (Ask27 - Own work)
HPCL enjoys the status of being a “Navratna Company” and has a market share of about 25 percent among top Indian PSUs. It is headquartered in Mumbai, Maharashtra.
51.1 percent of total HPCL’s shares are owned by Government of India and the remaining by financial institutes, public investors and others. Currently, HPCL employees of more than 11000 across various parts of India working at its various refining and marketing areas. The company is listed on both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) as well.
Two major refineries under HPCL are as follows:
In Mumbai; it has a capacity of 6.5 million metric tonnes per annum and is responsible for producing petroleum fuels In Visakhapatnam; it has a capacity of 8.3 million metric tonnes per annum.
Products and Services of HPLC:
3. Bulk Fuels and Specialities
5. Joint Ventures
6. International Trade
7. Product pipelines
8. LPG (HP Gas)
9. Lubes (HP Lubes)
10. Alternate Energy
Awards and Recognition:
a) HPCL is among the top companies listed by Forbes 2000 b) It is one among Global Fortune 500 Companies
Among all Product pipelines in India, HPCL has second largest share. It has a pipeline network of about 2500 kms which is being used for transporting petroleum products. The company’s marketing network is also huge with 13 zonal offices and regional offices of 101.