Currently ranked 327 in Fortune Global 500 List, HPCL is a state owned oil and natural gas company.
The company, headquartered in Mumbai, Maharashtra, is a Navratna company and is presently been working under the able leadership of Mr M K Surana, its present Chairman and Managing Director. It has 13 zonal offices and 101 regional offices and has an employee strength of more than 11000.
The company deals in Petrol, Diesel, Lubricants, Liquified Petroleum Gas and Aviation Turbine Fuel. HPCL came into being in 1974 with the merger and takeover of Lube India Limited and Erstwhile Esso Standard by the Esso Act of 1974. Since then it has set up several refineries in India, some of them being, 6.5 MMT Capacity Mumbai Refinery, 8.3 MMT Capacity Vishakhapatnam Refinery, 9.69 MMT Capacity Mangalore Refinery Pvt. Ltd, 9 MMT Capacity Guru Gobind Singh Refinery in Bathinda and 9 MMT Capacity Barmer Refinery.
The company has received several awards like Indira Gandhi Rajbhasha Puruskar by ministry of Home Affairs (Rajbhasha Vibhag), Golden Peacock Special Commendation Award for CSR activities, 1st Global Innovation Award by ASME Pipeline Division and FICCI CSR Award by the Federation of Indian Chambers of Commerce and Industry. Apart from being in Fortune 500 Global List, it also features in Forbes Global 2000 List at rank 1302.
HPCL recorded a revenue of INR 187795.87 crore and Pat of INT 4846.91 crore in the financial year 2015-16. According to a recent press release, the company’s standalone profit has increased by 41% and consolidated profit has increased by as much as 228%. With its present performance, and the way it has performed in the past, the company is sure to make its slogan, “Future full of Energy”, a reality.