Crude Refining and Marketing of finished Petroleum products is the core area of the Corporation. Opportunities are also being explored to access new revenue streams, and augment downstream businesses. Accordingly, HPCL has ventured in Upstream activities (Exploration and Production) and piped gas distribution in major cities
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HMEL is a joint venture between Hindustan Petroleum Corporation Ltd and Mittal Energy Investments Pte. Ltd (MEI), Singapore, an L N Mittal Group Company. The Company was incorporated on 13th December 2000 and name was changed to HMEL on 31st December 2007. The initial authorized share capital was Rs. 200 crore and subsequently enhanced to Rs 10,000 crore. HPCL has 48.94% equity participation in HMEL. As of 31st March 2014, paid up capital of HMEL is Rs. 7,541.46 crore. HMEL has built a Greenfield refinery of 9 MMTPA capacity called the Guru Gobind Singh Refinery (GGSR) at Bathinda, in the State of Punjab. The refinery was dedicated to the nation by the Hon’ble Prime Minister of India on 28th April 2012
The refinery is designed to process Arab Heavy Crude with flexibility to process other heavy / sour / acidic crudes. The configuration of the refinery includes primary units and secondary process units viz. CDU/VDU, VGO-HDT, FCC, NCU/ISOM, HGU, DHDT, SRU, DCU and Polypropylene manufacturing facilities. Other facilities include utilities such as CPP, Steam generation, Effluent Treatment plant, product storage etc.
HMEL has a wholly owned subsidiary company HPCL-Mittal Pipelines Ltd. (HMPL), engaged in receipt, storage and cross country transportation of crude oil to GGSR. HMPL has built a 1,017 km cross-country pipeline and associated facilities for transportation of crude oil from Mundra to Bathinda, crude oil receiving facilities [including Single Point Mooring (SPM)], sub-sea pipelines and Crude Oil Terminal (COT) at Mundra and receipt Terminal at Bathinda.
HINCOL is a joint venture company promoted by HPCL and Colas S.A. of France, and was incorporated on July 17, 1995 with an authorised share capital of Rs. 10 Crore which was subsequently enhanced to Rs. 30 crore. HPCL has 50% equity participation in HINCOL. As on 31st March 2014, paid up capital of HINCOL is Rs. 9.45 crore.
HINCOL has grown steadily over the years to establish itself as the clear market leader in manufacturing and marketing of Bitumen Emulsions, Modified Bitumen and other value added bituminous products. HINCOL presently has eight manufacturing plants across India. HINCOL products find extensive use in the road construction industry.
During 2013-14, HINCOL started a new application technology viz. Micro-surfacing with state-of-art equipment for road surface rejuvenation. The environment friendly cold mix technology for construction and repairs of roads is also being promoted by carrying out various trials in coordination with regulatory agencies as well as Government and other customers. HINCOL has implemented new processes and formulations to improve safety, efficiency, quality, energy saving and profitability
South Asia LPG Company Pvt Ltd (SALPG), a Joint Venture Company with M/s. Total Gas and Power India (a wholly owned subsidiary of Total, France) was incorporated on 16th November 1999 with an authorized share capital of Rs. 1 crore which was subsequently enhanced to Rs. 100 crore. HPCL has 50% equity participation in SALPG. As of 31st March 2014, paid up capital of SALPG is Rs. 100 crore.
SALPG has commissioned an underground Cavern Storage of 60 TMT capacity and associated receiving & despatch facilities at Visakhapatnam in December 2007. Setup at the cost of Rs. 333.30 crores, the SALPG Cavern is the first-of-its-kind in South and South East Asia, and ranks among the deepest Caverns in the World. The commercial operations commenced in January 2008.
SALPG has helped in easing-out the product movement constraints across the east coast and ensured smooth availability of LPG in the surrounding zones. Also, propane-butane blender at the Cavern Terminal has helped maximize the propane inputs into Visakhapatnam considering the limited availability of butane and price advantage of propane in the international market.
SALPG has obtained IMS certification from DNV for ISO 9001, ISO 14001, and OHSAS 18001.
Bhagyanagar Gas Limited (BGL) was incorporated on 22nd August 2003 as a Joint Venture Company for distribution and marketing of environmental friendly fuels (green fuels) viz. CNG and Auto LPG for use in the transportation, domestic, commercial and industrial sectors, in the state of Andhra Pradesh. HPCL and GAIL, each, hold 22.5% of the equity while 5% is held by the Government of Andhra Pradesh and 50% by Strategic / Financial investors.
The initial authorised share capital of BGL was Rs. 0.10 crore, which was subsequently enhanced to Rs. 100 crore. As on 31st March 2014 total paid up capital of BGL is Rs. 0.05 crore in which HPCL has 25% equity participation.
BGL has been authorized by MOP&NG and PNGRB to set up City Gas Distribution networks in Hyderabad, Vijayawada and Kakinada. BGL operates 29 CNG stations in the three cities of Hyderabad, Vijayawada and Kakinada put together and 1 Auto LPG station at Tirupati..
Aavantika Gas Ltd (AGL) was incorporated on 7th June 2006 as a Joint Venture Company by GAIL (India) Ltd. and HPCL for distribution and marketing of environmental friendly fuels (green fuels) viz. CNG and Auto LPG for use in the transportation, domestic, commercial and industrial sectors in the State of Madhya Pradesh.
The authorised share capital of AGL is Rs. 100 crore. As on 31st March 2014 total paid up capital of AGL is Rs. 0.05 crore in which HPCL has 25% equity participation.
AGL has been authorized by MOP&NG as well as PNGRB for carrying City Gas Distribution (CGD) operations at Indore, Ujjain and Gwalior. The company commenced commercial operations in the year 2008. AGL operates 14 CNG stations - 7 daughter stations (5 at Indore and 2 at Ujjain), 5 online stations (4 at Indore and 1 at Gwalior) and 2 mother stations (1 at Indore and 1 at Gwalior).
HPCL Shapoorji Energy Limited (HSEL)
HPCL Shapoorji Energy Limited (HSEL) was incorporated on 15th October 2013 as a Joint Venture Company with SP Ports Private Limited (SPPPL) [a wholly owned subsidiary of Shapoorji Pallonji Infrastructure Capital Company Ltd (SPICCL)] with an authorized share capital of Rs. 10 crore. HPCL has 50% equity participation in HSEL. As on 31st March 2014, paid up capital of HSEL is Rs. 10 crore.
HSEL has been formed to build and operate 5 MMTPA LNG regasification terminal at Chhara Port in Gir, Somnath
- Marine Facilities for LNG carrier berthing
- Tanks and Storage Facilities: 2 tanks of 185,000 cubic meter each
- Regasification Facility based on Shell & Tube Vaporizer (STV)
- Utilities such as Boil-Off System and Emergency generator
The Financial Appraisal has been completed and debt syndication process is in progress. HSEL has initiated various pre-construction activities. The scope of work and deliverable for front-end engineering design has been finalized.
On Environment front, Expert Appraisal Committee (EAC) has issued Terms of Reference for Environment Impact and Risk Assessment Study (EIRA) on 01/03/14. HSEL has appointed National Environment Engineering Research Institute (NEERI) and National Institute of Oceanography to carry out concerned environment studies.
HPCL, along with Petronet India Limited (PIL) promoted Petronet MHB Limited (PMHBL) for construction of Mangalore-Hassan-Bangalore Pipeline. The joint venture company was incorporated on 31st July 1998 with an initial authorised share capital of Rs. 1 crore which was subsequently enhanced to Rs. 600 crore. As on 31st March 2014, paid up capital of PMHBL is Rs. 548.71 crore. Initially PIL and HPCL contributed 26% each towards equity of the company. In April 2003, ONGC joined as a strategic partner in PMHBL by taking 23% equity. Post debt restructuring of PMHBL, the equity holding of HPCL and ONGC increased to 28.77% each and PIL’s holding decreased to 7.90%.
PMHBL meets fuel transportation needs between Mangalore, Hassan and Bangalore. . Executed at a cost of Rs. 667 crores.
PMHBL has been certified for Integrated Management System (IMS) covering Quality Management System- ISO-9001-2008, Environmental Management System-ISO-14001-2004 and OHSAS–18001-2007. The company deploys various technology solutions for its operations.
Commissioned in March 1996 with a Refinery capacity of 3 MMTPA. Current Refinery capacity is 15 MMTPA.p>
ONGC acquired the entire equity stake of Indian Rayon & Industries Limited (IRIL). It added Rs. 600 crores as additional equity in March,2003. After debt restructuring, HPCL's equity stands at 16.95% .
HPCL and MRPL have been collaborating for off-take of products produced by the refinery.
The Rajiv Gandhi Institute of Petroleum Technology (RGIPT), an Institute of national importance, was set up at Jais, Dist. Rae Bareli, Uttar Pradesh through an Act of Parliament. RGIPT is co-promoted as an energy domain specific institute by six leading Oil Public Sector Units (ONGC, IOCL, OIL, GAIL, BPCL and HPCL) in association with the Oil Industry Development Board (OIDB). The Institute is empowered to award degrees in its own right. The Institute associates with leading International Universities / Institutions specializing in the domain of Petroleum Technology.
SUSHRUT HOSPITAL is an exclusive effort of the Chembur Hospital Project Trust - a joint venture promoted by likeminded Organizations, both from the Public and Private Sectors. Presently, the constituted members of CHPT comprise of Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL), Indian Oil Corporation Ltd. (IOCL), Rashtriya Chemicals and Fertilizers Ltd.(RCF) and Tata Power Company Ltd. Since its inception in 2000 Sushrut Hospital and Research Centre has an outstanding reputation for providing the highest quality health care services at a reasonable cost. Sushrut Hospital and Research Centre endeavors to provide medical treatment that is safe, ethical and affordable.
It is a five storeyed Multi Speciality Hospital with a large basement and is strategically located at Swastik Park in Chembur, Mumbai. The Hospital offers comprehensive medical and surgical care by renowned doctors and experienced staff using state-of-the-art technology.
Sushrut also offers specialized care in Oncology, Nephrology, Trauma and Burns.
GSPL India Gasnet Limited (GIGL) and GSPL India Transco Limited (GITL) were incorporated on 13th October 2011 as subsidiaries of Gujarat State Petronet Limited (GSPL). The authorised share capitals of GIGL and GITL as on 31st March, 2014 were Rs. 2,000 crore and Rs. 2,200 crore respectively.
Pursuant to signing Joint Venture Agreements on 30th April 2012 with Gujarat State Petronet Limited (GSPL), IOCL and BPCL (Equity holding: GSPL- 52%; IOCL- 26%; HPCL – 11% and BPCL – 11%), HPCL has become an equity partner in GIGL and GITL. As on 31st March 2014, paid up capitals of GIGL and GITL were Rs. 137.01 crore and Rs. 115 crore respectively.
GIGL will lay two cross-country gas pipelines viz 1,640 KM Mehsana to Bathinda Pipeline (with initial capacity of 43 million standard cubic meter per day i.e. MMSCMD to final capacity of 77 MMSCMD) and 740 KM Bathinda to Srinagar Pipeline (with initial capacity of 32 MMSCMD to final capacity of 43 MMSCMD). GITL will lay 1,746 KM pipeline from Mallavaram to Bhilwara (with initial capacity of 53 MMSCMD to final capacity of 77 MMSCMD).
The above JV Companies will facilitate HPCL to source gas and market it independently to customers along the pipeline route.
In line with Government’s policy for blending of ethanol in Petrol, a wholly owned subsidiary company HPCL Biofuels Ltd (HBL) was incorporated on 16th October 2009 with an authorized share capital of Rs. 250 crore which was enhanced to Rs. 700 crore. As on 31st March 2014 total paid up capital (equity as well as preference share capital) of HBL is Rs. 625.17 crore.
HBL has built integrated plants with cane crushing capacity of 3,500 Tonnes of cane crushed per day (TCD) with Distillery of 60 kilo liter per day (KLPD) for manufacturing Ethanol and co-gen plant of 20 MW each at Sugauli and Lauriya in East and West Champaran Districts in the State of Bihar. The company has augmented its facilities to manufacture ethanol only from molasses.
During 2013-14,, SBI Caps was engaged for suggesting financial restructuring for improving the performance of the company. As suggested by SBI Caps, HPCL has converted the loan of Rs. 419.65 crore into 5% preference share capital.
HPCL had promoted Prize Petroleum Company Ltd (PPCL) on 28th October 1998 for participation in exploration and production of hydrocarbons. The initial authorised share capital of PPCL was Rs. 20 Crore which was subsequently enhanced to Rs. 720 Crore. As on 31st March 2014, the paid up equity capital of the company is Rs. 120 crore. During 2011-12, PPCL became wholly owned subsidiary and upstream arm of HPCL.
Prize Petroleum Company Limited (PPCL) has built a portfolio of two producing fields and one exploration block. PPCL had signed Service Contract with ONGC for development of Hirapur Marginal Field in Cambay Basin with 50% holding in the consortium. PPCL is operator for the field. PPCL had also entered into a Production Sharing Contract (PSC) with 50% Participating Interest in Sanganpur Block as Joint Operator.
PPCL has promoted a wholly owned subsidiary namely Prize Petroleum International Pte. Ltd., Singapore (PPIPL). PPIPL has signed agreement for acquisition of 11.25% and 9.75% participating interest in two E & P blocks (T/L1 and T/18P respectively) in Australia.
CREDA-HPCL Biofuel Ltd. (CHBL) was incorporated on 14th October 2008 as a subsidiary company of HPCL with an authorized share capital of Rs. 200 crore. As on 31st March 2014, paid up equity capital of CHBL is Rs. 21.76 crore with equity shareholding of 74% by HPCL and 26% by Chhattisgarh State Renewable Energy Development Agency. (CREDA). The company’s objective is to venture into alternate fuels.
CHBL is in the process of undertaking cultivation of Jatropha plant, an energy crop used for production of bio-diesel. The cultivation is scheduled to be on total 15,000 hectares of land leased from the Government of Chhattisgarh. Production of bio-diesel and its blending with normal diesel will help in meeting domestic demand. HPCL shall have exclusive rights over the production and marketing of biodiesel and by-products from the produce.
The company has taken up trials of hybrid Jatropha plant with various national and international companies as technology and implementation partners for high yielding plantation stock, better agronomy practices, less mortality etc. It proposes to continue plantation activities in a calibrated way with High Yielding Varieties (HYV) of Jatropha to improve yield.
HPCL Rajasthan Refinery Limited (HRRL) was incorporated on September 18, 2013 as a subsidiary company of HPCL with equity shareholding of 74% by HPCL and 26% by Government of Rajasthan with an authorized share capital of Rs. 4,000 crore for setting up a 9 MMTPA capacity Greenfield refinery and a petrochemical complex in the State of Rajasthan. As on 31st March 2014, the total paid up capital of HRRL is Rs. 0.05 crore.
Land measuring 12034.10 bighas in Pachpadra village, Barmer district, Rajasthan has been allotted to the project by Govt. of Rajasthan. SBI Capital Markets Ltd. has been engaged to carry out the debt syndication for the project. The project is expected to take 48 months from the zero date for achieving mechanical completion.