FeedbackComplaints Contact Us

Joint Ventures & Subsidiaries

English
Image: 
JV Banners

Refining and Marketing of Petroleum products is the core business of the Corporation. Opportunities have been explored to access new revenue streams, and augment downstream businesses. Accordingly, HPCL has formed subsidiaries and joint venture companies for refining, bitumen emulsion, pipeline, city gas distribution (CGD), LPG cavern, natural gas pipelines, LNG terminal and biofuels.

Joint Ventures

Logo of HMEL HPCL-Mittal Energy Ltd.(HMEL)

HPCL-Mittal Energy Ltd. (HMEL) is a joint venture between HPCL and Mittal Energy Investments Pte Ltd., Singapore with equity holding of 48.99% each.

HMEL operates a refinery of 11.3 MMTPA capacity at Bathinda, Punjab. The refinery produces wide range of petroleum products including LPG, Naphtha, Petrol, Diesel, ATF, Bitumen, Petroleum coke, Polypropylene and Sulphur.

Capacity expansion of HMEL Refinery from 9 MMTPA to 11.3 MMTPA was completed during 2017-18 and the project for producing BS-VI grade fuels is under implementation.

During 2017-18, HMEL processed 8.83 MMT of crude oil and recorded a total revenue of Rs 40,701 crore with profit after tax of Rs 1,629 crore. HMEL has also kick-started the proposed investment of about Rs 21,700 crore towards setting up a 1.2 MMTPA integrated petrochemical block within the existing refinery complex.

HMEL has always fostered a culture of camaraderie, transparency and performance amongst its employees and has been certified during 2017-18 as a ‘Great Place to Work’. For the first time, HMEL achieved 10 million safe man-hours with steady commitment towards an incident & injury free workplace.

Logo of HINCOL Hindustan Colas Pvt Ltd. (HINCOL)

Hindustan Colas Private Ltd. (HINCOL) is a joint venture between HPCL and M/s Colas S.A. of France with equity shareholding of 50% each.

HINCOL is engaged in the manufacturing and marketing of Bitumen emulsions and modified Bitumen. HINCOL also undertakes pavement maintenance activities like microsurfacing, slurry sealing and fog sealing and is the market leader in sales of Bitumen emulsions in India.

HINCOL owns and operates nine (9) strategically located, ISO 9001/14001 & OHSAS 18001 certified plants. Construction of its 10th plant at Guwahati and resitement of the existing plant at Visakhapatnam are in progress. The JV has chartered a course of consolidation in its existing core business besides exploring new business opportunities in terminalling, waterproofing solutions, etc. HINCOL’s maiden Bitumen storage facility at Haldia is under construction and is a step in this direction.

The Company continues to be a preferred supplier for major infrastructure projects in India owing to its commitment towards quality. During 2017-18, HINCOL supplied Bitumen emulsions to numerous road projects in India registering a sales growth of 5% over historical. It also supplied Polymer Modified Bitumen for construction of runways at Chandigarh and Kannur international airports and Air Force stations at Pune, Tambaram, Awantipur, Sirsa and Kalburgi.

During 2017-18, HINCOL recorded a total sale volume of 209 TMT registering a revenue of Rs 708.86 crore and net profit of Rs 100.16 crore.

HINCOL has been paying dividend for the past 18 years and has declared the highest ever dividend of 700% for 2017-18.

Logo of SALPG South Asia LPG Co Pvt. Ltd.(SALPG)

South Asia LPG Company Pvt. Ltd. (SALPG) is a joint venture between HPCL and Total Holding India with equity holding of 50% each.

SALPG owns and operates an underground LPG storage cavern of 60 TMT capacity and associated receiving & despatch facilities at Visakhapatnam. This cavern is the only underground LPG cavern storage facility in the country.

During 2017-18, SALPG cavern received 1.686 MMT of LPG as compared to 1.627 MMT in previous year, registering a growth of 3.63%. SALPG has achieved a total revenue of Rs 228.38 crore and recorded profit after tax of Rs 118.21 crore during 2017-18.

SALPG accords topmost priority to safety, health, and environment across all facets of the business. Company has established an HSE management system in line with the international standards. Since the commencement of operation in January 2008, SALPG has clocked 2.99 million safe man-hours till 31st March, 2018.

SALPG is accorded ISO 9001-2008 certification for Quality Management System, ISO 14001-2004 certification for Environmental Management System and OHSAS 18001- 2007 certification for Occupational Health and Safety Management System.

SALPG has been continuously paying dividend for the last 8 years. For the year 2017-18, SALPG Board has recommended highest ever dividend of 90%.

Logo of BGL Bhagyanagar Gas Ltd. (BGL)

Bhagyanagar Gas Ltd. (BGL) is a joint venture of HPCL and GAIL with equal equity holding of 49.97% each.

As on 31st March, 2018, BGL has a City Gas Distribution network comprising of 595 Km MDPE pipeline and 115.21 Km steel pipeline and is serving 21,678 domestic customers. BGL also operates 51 CNG stations (3 mother stations, 42 daughter stations & 6 online stations) in the cities of Hyderabad, Vijayawada, and Kakinada in the states of Andhra Pradesh and Telangana.

During 2017-18, BGL has achieved sales volume of 29,419 MT of CNG and 124.10 lakh Standard Cubic Meter (SCM) of PNG, registering a growth 248% in PNG sales. BGL has recorded the highest ever revenue of Rs 158.96 crore with net profit of Rs 9.16 crore during 2017-18.

Logo of Avantika Gas LtdAavantika Gas Ltd.

Aavantika Gas Ltd. (AGL) is a joint venture of HPCL and GAIL with equal equity holding of 49.98% each.

As on 31st March, 2018, AGL has a City Gas Distribution network comprising of 1,615 Km MDPE pipeline and 100 Km steel pipeline and is serving 25,921 domestic customers. AGL also operates 26 CNG stations (4 mother stations, 10 daughter stations & 12 online stations) in the cities of Indore, Ujjain, Pithampur and Gwalior in the state of Madhya Pradesh.

During 2017-18, AGL has achieved sales volume of 21,868 MT of CNG and 116.53 lakh SCM of PNG, registering a growth of 14% and 22% respectively over the previous year. AGL has recorded the highest ever revenue of Rs 149.2 crore with best ever net profit of Rs 24.28 crore during 2017-18.

Logo of Petronet MHB ltd. Petronet MHB Ltd. (PMHBL)

Petronet MHB Ltd. (PMHBL) is a joint venture of HPCL and ONGC with equity shareholding of 32.72% each and balance 34.56% of equity is being held by banks. PMHBL owns and operates a multiproduct petroleum pipeline to transport MRPL Refinery’s products to various parts of Karnataka.

During 2017-18, PMHBL has achieved highest ever throughput of 3.5 MMT as compared to 3.43 MMT during previous year. PMHBL has registered highest ever total revenue of Rs 171.13 crore as compared to Rs 170.20 crore in the previous year and recorded the highest ever net profit of Rs 83.46 crore as compared to Rs 80.95 crore achieved in 2016-17. PMHBL has paid its maiden interim dividend of 9% to the shareholders for the year 2017-18.

To expand the pipeline network further, PMHBL has submitted the Expression of Interest to PNGRB for laying a petroleum product pipeline from Hassan to Chitradurga (from existing Hassan Pumping station) in Karnataka state.

PMHBL’s Integrated Management System (IMS) is certified with ISO-9001 for quality management, ISO-14001 for environmental management, OHSAS–18001 for occupational health and safety management and ISO-50001 for energy management. The company has also deployed various updated technology solutions for its operations as per International standards.

Logo of MRPL Mangalore Refineries and Petrochemicals Ltd. (MRPL)

Mangalore Refinery and Petrochemicals Ltd. (MRPL) is a joint venture of HPCL and ONGC wherein ONGC holds 71.63% of equity, HPCL holds 16.96% of equity and balance equity is held by public.

MRPL is a Schedule ‘A’ Miniratna Central Public Sector Enterprise (CPSE) and a listed entity, which operates a refinery of 15 MMTPA capacity at Mangalore, Karnataka.

During 2017-18, MRPL has achieved highest ever throughput of 16.31 MMT as compared to 16.27 MMT achieved during 2016-17 and recorded consolidated total revenue of Rs 63,962 crore with profit after tax of Rs 1,774 crore.

MRPL has successfully commissioned a solar power project of 6.063 MWp capacity which is the largest solar power project in a refinery site in the country.

Logo of MAFFFL Mumbai Aviation Fuel Farm Facility Pvt. Ltd. (MAFFFL)

Mumbai Aviation Fuel Farm Facility Pvt. Ltd. (MAFFFL) is a joint venture of Mumbai International Airport Private Limited (MIAL), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and HPCL with equity holding of 25% each.

The business of the company is to operate & maintain the existing aviation fuel farm facilities and to provide Intoplane services at Chhatrapati Shivaji International Airport (CSIA), Mumbai. The company will construct, maintain and operate the new integrated fuel farm facility on open access basis. The revenue to MAFFFL shall be by way of the fuel infrastructure charges, payable by the suppliers for utilizing the facility.

During 2017-18, MAFFFL achieved throughput of 18.03 lakh KL as compared to 16.55 lakh KL in previous year, registering a growth of 8.94%. MAFFFL has recorded total revenue of Rs 139.38 crore during 2017-18 as compared to Rs 127.60 crore in the previous year and also recorded the highest ever profit after tax of Rs 47.22 crore as compared to Rs 26.58 crore in previous year with a profit growth of 78%. MAFFFL has paid its maiden interim dividend of 10% to the shareholders for the year 2017-18.

During 2017-18, the cumulative overall progress of the integrated fuel farm project is about 68%.

Logo of GIGL GSPL India Gasnet Ltd (GIGL)

GSPL India Gasnet Ltd. (GIGL) is a joint venture of Gujarat State Petronet Ltd. (GSPL), Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. (BPCL) and HPCL. HPCL has 11% equity participation in the company and balance being held by GSPL (52%), IOCL (26%) & BPCL (11%).

GIGL has been authorised to lay two cross country gas pipelines viz 1,640 Km long Mehsana to Bathinda Pipeline and 740 Km long Bathinda to Srinagar Pipeline.

The company has awarded EPC contracts for the initial sections of projects viz. Barmer-Pali pipeline, Palanpur- Pali pipeline and Jalandhar-Amritsar pipeline. Project implementation activities like laying of pipelines, civil construction works etc. for all these three sections are in full swing.

Logo of GITL GSPL India Transco Ltd (GITL)

GSPL India Transco Ltd. (GITL) is a joint venture of Gujarat State Petronet Ltd. (GSPL), Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Corporation Ltd. (BPCL) and HPCL. HPCL has 11% equity participation in the company and balance being held by GSPL (52%), IOCL (26%), & BPCL (11%).

GITL has been authorised to lay 1,881 Km long natural gas pipeline from Mallavaram to Bhilwara.

The company has awarded the EPC contract for the project of interconnecting the initial section of Reliance Gas Transmission Limited pipeline to Ramagundam Fertilizers & Chemicals Limited plant.

Logo of HSEPL HPCL Shapoorji Energy Pvt. Ltd. (HSEPL)

HPCL Shapoorji Energy Pvt. Ltd. (HSEPL) is a joint venture between HPCL and SP Ports Pvt. Ltd. with equity shareholding of 50% each.

HSEPL has been formed to build and operate a 5 MMTPA LNG regasification terminal at Chhara Port in district Gir Somnath, Gujarat. The project is estimated to cost around Rs 4,300 crore, to be funded by a mix of debt and equity. The key LNG terminal facilities include marine facilities for LNG carrier berthing & unloading, storage tanks, regasification facility based on Shell & Tube Vaporizer (STV) and utilities such as boil-off system and emergency generator.

Process of award of EPC contract for the project through international competitive bidding is in progress and Letter of Acceptance (LoA) has been issued for storage tanks and regasification facilities. Petroleum Explosive Safety Organization (PESO) has granted approval for construction of facilities. The Environmental Clearance (EC) from Ministry of Environment, Forest and Climate Change (MoEF&CC) is awaited for the project.

Logo of GGPL Godavari Gas Pvt. Ltd. (GGPL)

Godavari Gas Pvt. Ltd. (GGPL) is a joint venture between Andhra Pradesh Gas Distribution Corporation Limited (APGDC) and HPCL with equity stake in the ratio of 74:26.

GGPL has been formed to develop and operate city gas distribution network in East Godavari and West Godavari Districts of Andhra Pradesh. The project is estimated to cost around Rs 475 crore in the first five years.

As of 31st March, 2018, GGPL operates 1 CNG mother station in Kovvur, West Godavari district and 4 daughter booster stations at OMC retail outlets. During 2017-18, GGPL has recorded a turnover of Rs 1.95 crore against sale of 430.99 MT of CNG.

Logo of RRPCL Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL)

Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL) is a joint venture company promoted by IOCL, BPCL and HPCL with equity participation in the ratio of 50:25:25.

RRPCL has planned to set up a 60 MMTPA integrated refinery cum petrochemicals complex in Ratnagiri district in the state of Maharashtra. The Company has initiated the process of acquiring land through Government of Maharashtra. Preproject activities like pre-feasibility study, market study etc. have been initiated for the project.

Subsidiary Companies

Logo of Prize Petroleum Company Ltd Prize Petroleum Company Ltd.

Prize Petroleum Company Ltd. (PPCL) is a wholly owned subsidiary of HPCL. PPCL is the upstream arm of HPCL and is in the business of Exploration and Production (E&P) of hydrocarbons as well as providing services for management of E&P blocks. During 2017-18, PPCL achieved total production of 33,752 barrels of crude oil from domestic oil field at Hirapur (Gujarat).

PPCL has a wholly owned subsidiary namely Prize Petroleum International Pte Ltd. (PPIPL), incorporated in Singapore. PPIPL has 11.25% and 9.75% participating interests in two E&P blocks, T/L1 and T/18P respectively in Australia. PPIPL has achieved its share of production of 459,269 BOE (Barrels of Oil Equivalent) from Yolla producing field (T/L1).

During 2017-18, PPCL has achieved total revenue of Rs 106.27 crore on consolidated basis as compared to Rs 86.49 crore achieved during previous year.

Logo of HBL HPCL Biofuels Ltd. (HBL)

HPCL Biofuels Ltd. (HBL) is a wholly owned subsidiary company of HPCL. HBL was promoted as a backward integration initiative to enable HPCL’s foray into manufacturing of Ethanol for blending in Petrol. HBL presently has two integrated Sugar-Ethanol-Cogeneration plants at Sugauli and Lauriya in the state of Bihar.

During 2017-18, HBL has recorded total revenue of Rs 136.50 crore and cane crushing of 699 TMT with average sugar recovery of 9.04 %. HBL also achieved sugar production of 63,870 MT, Ethanol production of 7,025 KL and power production of 79,085 MWh during 2017-18.

Logo of HRRL HPCL Rajasthan Refinery Ltd. (HRRL)

HPCL Rajasthan Refinery Ltd. (HRRL) is a joint venture of HPCL and Government of Rajasthan with 74% equity participation by HPCL and balance 26% by Government of Rajasthan. HRRL is setting up a 9 MMTPA capacity greenfield refinery cum petrochemical complex in the state of Rajasthan.

HPCL and the Government of Rajasthan entered into a revised Memorandum of Understanding on 18th April, 2017 for the construction of the said Refinery with revised parameters. The revised Joint Venture Agreement was signed on 17th August, 2017. The work commencement ceremony of the 9 MMTPA Rajasthan Refinery was carried out at the hands of Honourable Prime Minister of India on 16th January, 2018.

The pre-project activities for the project are in advanced stage. The cost of project is estimated to be Rs 43,129 crore.

HPCL Middle East FZCO

HPCL Middle East FZCO, a 100% Subsidiary of HPCL was incorporated on 11th February, 2018 as a free zone company under Dubai Airport Free Zone and Establishment Card was issued on 22nd March, 2018 for the company.

HPCL Middle East FZCO was established for trading of lubricants & greases, petrochemicals and refined petroleum products. The subsidiary will serve the select markets of Middle East and Africa.

Disclaimer: Clicking on the above Links direct you to the websites of these Organisations, and the Information provided and views expressed on these websites are of these respective organizations and Hindustan Petroleum Corporation Limited is not liable for the views / accuracy of content in these websites.