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Hindustan Petroleum Corporation

Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies and a strong marketing infrastructure.

Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure. Oil and Natural Gas Corporation owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016.
 
HPCL was incorporated in 1974 after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the Esso (Acquisition of Undertakings in India) Act 1974. Caltex Oil Refining (India) Ltd. (CORIL) was taken over by the Government of India in 1976 and merged with HPCL in 1978 by the CORIL-HPCL Amalgamation Order, 1978. Kosan Gas Company was merged with HPCL in 1979 by the Kosangas Company Acquisition Act, 1979.
 
In 2003, following a petition by the Centre for Public Interest Litigation (CPIL), the Supreme Court of India restrained the Central government from privatising Hindustan Petroleum and Bharat Petroleum without the approval of Parliament. As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the companies would be to repeal or amend the Acts by which they were nationalised in the 1970s. As a result, the government would need a majority in both houses to push through any privatisation.

Hindustan Petroleum Corporation news

HPCL shines at 9th PSE Excellence Awards

Mumbai : HPCL bagged 4 Awards at 9th PSE Excellence Awards under Maharatna & Navaratna Category held at New Delhi. The following awards were received   Best in ‘Human Resource Management Excellence’ Best in ‘Contribution of Women in PSEs’ Runner-up in ‘Corporate Social Responsi
Posted Date :  14-09-19

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R Kesavan appointed as Director Finance HPCL

NEW DELHI. The proposal to appoint R Kesavan, Executive Director at HPCL, as the Director (Finance) also got a nod from the ACC. ShriKanak Kumar Ghosh, Executive Director at Rashtriya Ispat Nigam, has been appointed as the Director (Projects) at RINL.
Posted Date :  04-09-19

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67th Annual General Meeting of HPCL held at Mumbai

Mumbai: 67th Annual General Meeting of Hindustan Petroleum Corporation Limited was held on 21st August 2019 at Mumbai. During the meeting CMD along with Functional Directors addressed the shareholders about the performance of the Corporation during FY 2018-19 and future plans.    Subseq
Posted Date :  23-08-19

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HPCL Sweeps CC Excellence Awards at SCOPE Summit

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) bagged 6 awards out of 12 categories of the SCOPE Corporate Communication Excellence Awards 2019 Awards in a glittering function held in SCOPE Complex, New Delhi. HPCL emerged as the Winner of maximum number of awards amongst all CPSEs.
Posted Date :  09-08-19

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HPCL ties up with Ashok Leyland for Sadak Ke Saathi

New Delhi: Hindustan Petroleum Corporation Limited (HPCL) and Ashok Leyland launched a unique break down maintenance solution titled 'Sadak Ka Saathi' for DriveTrack Plus customers. Under this arrangement, any break down of any make of truck will be attended in 4 hours and if it gets nece
Posted Date :  05-07-19

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HPCL Launches two new fuel Additives

Mumbai: Hindustan Petroleum Corporation Limited (HPCL) launched two new fuel additives - Vinner Petrol Plus and Vinner Diesel Plus.  Executive Director-Retail of HPCL GSV Prasad on Monday launched the products which will also be available in small convenient pouches to make available the adv
Posted Date :  19-06-19

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HPCL Provides Toilet Block to Government School

Gurgaon: Hindustan Petroleum (HPCL) Gurgaon Regional Office, Provides a 'Toilet Block' to the Government School. This 'Toilet Block' is fully painted with modern State-of-the-Art amenities. There is a H2O Point with water Cooler and a Commercial RO System for boys and Girls of th
Posted Date :  01-05-19

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