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 is a leading integrated refining and petrochemical company in India with operations that span crude oil refining, petrochemical production and marketing. It owns and operates a 11.3 MMTPA Guru Gobind Singh Refinery (‘GGSR’) at Bathinda, in Punjab.
During 2021-22, the Company has achieved the highest ever crude thruput of 13.03 MMTPA. Consolidated total revenue of ₹ 89,644 Crore and Profit After Tax (PAT) of ₹ 1,257.60 Crore has been achieved during the year. HMEL paid interim dividend of 7.62% for FY 2021-22.
The FY 2021-22 continued to be highly challenging with respect to uncertainties in demand of products owing to Covid-19 pandemic and low product cracks of MS and HSD internationally. HMEL is in the process of setting up of a Petrochemical facility, the Guru Gobind Singh Polymer Addition Project (`GGSPAP’) within the existing GGSR premises at Bathinda, Punjab.
The project scope comprises of setting up of a worldclass cracker unit to produce optimized Ethylene and setting up of associated downstream polymer units to produce LLDPE, HDPE, Butene and Impact Polypropylene (PP). All the Polymer units, Cracker Unit, Utilities and Offsite packages have been mechanically completed. Major utilities, offsite packages, PP plant and Natural Gas spur line to the complex has already been commissioned. Balance commissioning activities are in advanced stage of completion with the plant expected to be operational during 2022-23. After commissioning of the petrochemical complex, the capacity of polymer production is expected to be about 2.2 MMTPA.
Link to website of HPCL-Mittal Energy Ltd. (HMEL)
HINCOL is a Joint Venture of HPCL and Colas S.A., France with equity shareholding of 50% each. HINCOL is engaged in manufacturing and marketing of Bitumen derivatives, which are widely used in road/air field construction in India. In addition to Bitumen derivatives, it also carries out niche road maintenance activities like micro surfacing & slurry sealing. HINCOL owns and operates 10 strategically located manufacturing plants complying with the requirements of International Standard ISO 9001:2015, 14001:2015 and 45001:2018.
During 2021-22, HINCOL recorded a sale of 332 TMT and achieved a consolidated total revenue of ₹ 1483.40 Crore and Profit after Tax (PAT) of ₹ 175.02 Crore.
HINCOL has been paying dividend for last 22 years. HINCOL paid interim dividend of 1400% for FY 2021-22, out of which a special dividend of 1000% was paid on the occasion of completion of 25 years of business commencement.
The company completed its Bitumen Storage Terminal Project at Haldia Port. The company is also setting up a similar facility in the West coast at Mangalore.
Link to website of Hindustan Colas Pvt.Ltd. (HINCOL)
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 cavern having 60 TMT capacity and associated receiving and despatch facilities at Visakhapatnam.
During 2021-22, SALPG achieved highest ever throughput of 1.90 MMT registering a growth of 3.9%. SALPG has achieved total revenue of ₹ 207.16 Crore and recorded Profit After Tax (PAT) of ₹ 110.66 Crore.
SALPG has been continuously paying dividend for the last 12 years. SALPG paid interim dividend of 100% and recommended final dividend of 10%, for FY 2021-22.
SALPG bagged Sectoral Topper Gold Award in Oil & Gas sector for 2021 from CII-SR (Confederation of Indian Industry- Southern Region) in recognition of excellence in EHS practices.
Link to website of South Asia LPG Co Pvt. Ltd. (SALPG)
Bhagyanagar Gas Ltd. (BGL) is a Joint Venture of HPCL and GAIL with equal equity holding of 48.73% each.
BGL has a CGD network comprising of 2400 km MDPE pipeline and 180 km steel pipeline and is serving 2,70,328 domestic customers. BGL also operates 135 CNG stations in the cities of Hyderabad, Vijayawada and Kakinada in the states of Andhra Pradesh and Telangana.
During 2021-22, BGL has achieved sales volume of 26,378 MT of CNG and 488.62 lakh Standard Cubic Meter (SCM) of PNG, registering a growth of 25% in PNG sales over the previous year. BGL has recorded total revenue of ₹ 297.89 Crore and Profit After Tax (PAT) of ₹ 44.22 Crore during the year.
Link to website of Bhagyanagar Gas Ltd. (BGL)
Aavantika Gas Ltd. (AGL) is a Joint Venture of HPCL and GAIL with equal equity holding of 49.99% each.
AGL has a CGD network comprising of 2572 km MDPE pipeline and 104 km steel pipeline and is serving 118471 domestic customers. AGL also operates 83 CNG stations in the cities of Indore, Ujjain, Pithampur and Gwalior in the state of Madhya Pradesh.
During 2021-22, AGL has achieved sales volume of 30610.22 MT of CNG and 458.45 lakh SCM of PNG, registering a growth of, 63% in CNG sales and 51% in PNG sales over the previous year. AGL has also reported total revenue of ₹ 358.96 Crore and Profit After tax (PAT) of ₹ 66.40 Crore during the year.
AGL paid interim dividend of 8.50% for FY 2021-22.
Link to website of Aavantika Gas Ltd. (AGL)
Petronet MHB Ltd. (PMHBL) is a Joint Venture of HPCL and ONGC, with equal equity holding of 49.996% each. PMHBL owns and operates a multiproduct petroleum pipeline to transport MRPL refinery’s petroleum products to various parts of Karnataka.
During 2021-22, PMHBL has achieved thruput of 2.84 MMT and reported total revenue of ₹ 128.15 Crore and Profit After Tax (PAT) of ₹ 60.28 Crore.
PMHBL Integrated Management System (IMS) is certified for Quality Management System-ISO-9001:2015, Environmental Management System-ISO-14001:2015, OHSMS ISO–18001:2018 and Energy Management System- ISO-50001-2018. The company deployed various updated technologies/solutions for its operations as per International standards.
PMHBL paid interim dividend of 16% for FY 2021-22.
Link to website of Petronet MHB Ltd. (PMHBL)
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% equity and balance equity is held by public. MRPL is a schedule ‘A’ Miniratna, Central Public Sector Enterprise (CPSE) and operates 15 MMTPA refinery at Mangaluru in Karnataka.
During 2021-22, MRPL achieved nearly 100% refining thruput of 15.05 MMT and recorded consolidated total revenue of ₹ 86,161.95 Crore and Profit After Tax (PAT) of ₹ 2,958.25 Crore.
FCC Gasoline Treatment Unit (FGTU) was commissioned successfully on 11th July 2021. Desalination Plant was mechanically completed and commissioned successfully on 30th December 2021. Construction of new ~75000KL storage capacity POL marketing terminal at Devangonthi in the district of Bengaluru, Karnataka has been commenced during the year.
Link to website of Mangalore Refineries and Petrochemicals Ltd. (MRPL)
Mumbai Aviation Fuel Farm Facility Pvt. Ltd. (MAFFFL) is a Joint Venture of Mumbai International Airport Private Limited (MIAL), IOCL, BPCL and HPCL with equity holding of 25% each.
The Company is engaged in operation and maintenance of the existing aviation fuel farm facilities and provides Into-Plane services at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. The Company has constructed and commissioned a new Integrated Fuel Farm (IFF) facility during the financial year 2021-22. IFF is now being operated on an open access basis.
MAFFFL achieved thruput of 7.47 lakh KL during 2021-22, registering a growth of 23% over the previous year. The Company has registered total revenue of ₹ 63.79 Crore and Profit After Tax (PAT) of ₹ 9.58 Crore during 2021-22.
Link to website ofMumbai Aviation Fuel Farm Facility Pvt. Ltd. (MAFFFL)
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 equity is held by GSPL (52%), IOCL (26%) and BPCL (11%).
GIGL has been authorised to lay two cross-country gas pipelines Mehsana Bathinda Pipeline (MBPL) and Bathinda Jammu Srinagar Pipeline (BJSPL). During the year, PNGRB has approved foreclosure of BJSPL at Gurdaspur, which will now be Bathinda Gurdaspur Pipeline (BGPL).
The initial sections of the Projects, viz., Barmer-Pali Pipeline, Palanpur-Pali Pipeline and Jalandhar-Amritsar Pipeline are in operation from 2018-19 onwards. During 2021-22, the Company has transported about 1328.56 MMSCM of gas and recorded total revenue of ₹ 248.31 Crore and Profit After Tax (PAT) of ₹ 73.36 Crore.
Link to website of GSPL India Gasnet Ltd. (GIGL)
GSPL India Transco Ltd. (GITL) is a Joint Venture of GSPL, IOCL, BPCL and HPCL. HPCL has 11% equity participation in the Company and balance equity is being held by GSPL (52%), IOCL (26%), and BPCL (11%).
GITL has been authorised to lay 1,881 long km pipeline from Mallavaram to Bhilwara. The initial section of Project from Reliance Gas Transmission India Limited interconnection point at Kunchanapalli to Ramagundam Fertilizers & Chemicals Limited’s Plant at Ramagundam has been commissioned in 2019-20. During the year, the Company has transported about 444 MMSCM of gas and has recorded total revenue of ₹ 92.76 Crore.
Link to website of GSPL India Transco Ltd. (GITL)
Godavari Gas Pvt Ltd. (GGPL) is a Joint Venture between Andhra Pradesh Gas Distribution Corporation Limited (APGDC) and HPCL with equity stakes 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 .GGPL has a CGD network comprising of 622 km MDPE pipeline and 98 km steel pipeline and is serving 1,00,907 domestic customers. GGPL also operates 32 CNG stations in East Godavari and West Godavari districts of Andhra Pradesh.
During 2021-22, GGPL has achieved sales volume of 1454 MT of CNG and 64.61 lakh SCM of PNG. GGPL has recorded total revenue of ₹ 28.45 Crore during the year.
Link to website of Godavari Gas Pvt. Ltd. (GGPL)
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 an integrated refinery cum petrochemical complex at west coast of Maharashtra. Saudi Aramco and ADNOC have also signed an MOU to partner with RRPCL to jointly execute the project along with IOCL, BPCL and HPCL.
The pre-project activities are in progress.
Link to website of Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL)
HPOIL Gas Pvt. Ltd. (HOGPL) is a Joint Venture between HPCL and OIL India Ltd. (OIL) with equity shareholding of 50% each.
HOGPL has been formed to develop and operate CGD networks in geographical areas of Ambala – Kurukshetra districts in the state of Haryana and Kolhapur district in the state of Maharashtra. HOGPL has a CGD network comprising of 647 km MDPE pipeline and 119 km steel pipeline and is serving 27,111 domestic customers. HOGPL also operates 27 CNG stations in geographical areas of Ambala – Kurukshetra districts in the state of Haryana and Kolhapur district in the state of Maharashtra.
During 2021-22, HOGPL has achieved sales volume of 6,505 MT of CNG, registering a growth of 286% over the previous year. HOGPL has recorded total revenue of ₹ 42.25 Crore during the year.
Link to website of HPOIL Gas Pvt. Ltd. (HOGPL)
IHB Ltd. (IHBL) is a Joint Venture company promoted by IOCL, BPCL and HPCL with equity participation in the ratio of 50:25:25. The Company was converted into a Public Limited Company and new certificate of incorporation was received on 06th April 2021.
IHB Ltd was incorporated to construct, operate and manage about 2,800 km long Kandla-Gorakhpur LPG Pipeline, longest LPG pipeline in the World, for meeting the LPG demand of the bottling plants enroute the pipeline in Gujarat, Madhya Pradesh and Uttar Pradesh. Detailed Engineering Survey, EIA/RA Study, HAZOP study, tendering and award of work packages related activities have been completed and construction activities are in progress.
Link to website of IHB Pvt. Ltd. (IHBPL)
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. PPCL has a wholly owned subsidiary namely Prize Petroleum International Pte Ltd. (PPIPL), incorporated in Singapore. PPIPL has participation interest of 11.25% and 9.75% in two E&P blocks [T/L1 and T/18P (retention leases T/RL2, T/RL4 & T/RL5) respectively] in Australia. During 2021-22, PPIPL has achieved its share of production of 167,170 BoE (Barrels of Oil Equivalent) from Yolla producing field (T/L1).
During 2021-22, PPCL has recorded total revenue of ₹ 70.02 Crore and Profit after Tax (PAT) of ₹ 1.02 Crore on consolidated basis.
Link to website of Prize Petroleum Co. Ltd. (PPCL)
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 in manufacturing of ethanol for blending in Petrol. HBL has two integrated Sugar -Ethanol-Cogeneration plants at Sugauli and Lauriya districts in the state of Bihar.
During 2021-22, HBL has recorded total revenue of ₹ 222.80 Crore and cane crushing of 471.79 TMT. HBL achieved sugar production of 39,557 MT, ethanol production of 9243 KL and power generation of 35,456 MWh during 2021-22.
Link to website of HPCL Biofuels Ltd. (HBL)
HPCL Rajasthan Refinery Ltd. (HRRL) is a joint venture of HPCL and Government of Rajasthan with 74% equity participation by HPCL and 26% by Government of Rajasthan. HRRL is setting up a 9 MMTPA Greenfield refinery cum petrochemical complex in the state of Rajasthan.
HRRL has achieved significant progress during the year 2021-22 in spite of several constraints posed by the COVID-19 pandemic. Constructions of various facilities such as warehouse, boundary wall, bund wall, major roads and water reservoir for construction purpose etc. have been completed. Purchase Orders for key Long Lead Items (LLIs) have been placed. Engineering, Procurement and Construction activities of key process units and Lump Sum Turn Key (LSTK) packages for various utilities and associated facilities are progressing well.
Link to website of HPCL Rajasthan Refinery Ltd. (HRRL)
HPCL Middle East FZCO, a wholly owned subsidiary of HPCL has been formed for marketing of lubricants and other petroleum products across various markets of Middle East and Africa.
The Company is registered under the DAFZA (Dubai Airport Free Zone Authority) and has trade license for trading in lubricants and greases, petrochemicals and refined oil products.
HPCL Middle East FZCO has registered a sale of 1015 MT of value added lubricants recording growth of 24% over previous year. HPCL Middle East FZCO has recorded total revenue of 7.81 Million AED (₹ 15.86 Crore) during the year.
HPCL LNG Limited (HPLNG), erstwhile HPCL Shapoorji Energy Private Limited (HSEPL), was a 50:50 Joint Venture company between SP Ports Private Limited (SPPPL) and Hindustan Petroleum Corporation Limited (HPCL). The Company became a 100% subsidiary of HPCL on 30th March 2021 subsequent to acquisition of 50% stake from SPPPL. The Company was converted into a Public Limited Company effective 10th September 2021 and its name changed to HPCL LNG LIMITED.
HSEPL has been formed to build and operate a 5 MMTPA LNG regasification terminal at Chhara Port in Gir Somnath district of Gujarat. Major facilities at LNG terminal include marine facilities for berthing and unloading of LNG carrier, storage tanks, regasification facilities and associated utilities.
The project is in advanced stage of execution at site. The outer RCC tank for both the LNG Tanks has been completed and the inner steel tank construction and building of process platforms etc. are in progress. The Jetty as part of marine facilities is nearing completion and the construction of Regasification facilities and other associated facilities are progressing well at site.
Link to website of HPCL LNG LIMITED
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