Top 10 Public Sector (PSU) Companies in India 2017

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8. Hindustan Petroleum

Hindustan Petroleum Corporation was first established in 1952 as Standard Vacuum Refining company.

Image: Wikimedia

The company was then later renamed in 1974 as Hindustan Petroleum after the merger of Lube India and Esso Standard vacuum refining company. HPCL owns two refineries in Mumbai and Vishakapatnam, which are the spine of the business of the company.


The capacity of refinery in Mumbai is 6.5 MMTPA and at Vishakapatnam is 8.3 MMTPA. The corporation also operates largest Lube refinery with capacity of 428 TMT. It has a pipeline network spanning approximately 3000 kms for transporting petroleum and allied products. The corporation constantly strives to provide excellent innovative products and services to both domestic as well as international customers. They focus on profitable growth and also deliver high returns to their shareholders. Mr M.K.Surana is the current Chairman and Managing Director of HPCL.

HPCL is estimated to have some 5.3 crore customers and around 4500 dealers throughout the country.  Some major renovation works are being carried out at their Mumbai and Vishakpatnam refineries in addition to capacity addition in pipeline networks. They also supply fuels to power plants, airlines and other energy intensive industries thereby playing an important role in energy security of the nation. The company has four subsidiaries HPCL Biofuels, Prize petroleum company, CREDA-HPCL Biofuel and HPCL Rajasthan refinery.

Hindustan Petroleum is ranked as Eighth best PSU in India with market capitalisation of Rs. 18,141 Crores and Net income and net profits of Rs. 1,77,694 crores and Rs. 5,942 crores respectively.

Market Capitalisation (INR Crores): 18141.95

Net Income (INR Crores): 177694.15

Net Profit (INR Crores): 5942.95

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