Joint Ventures & Subsidiaries

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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)

HMEL is a joint venture betwen 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 & marketing. It owns and operates an 11.3 MMTPA Guru Gobind Singh Refinery (‘GGSR’), including various ancillary facilities near Bathinda, in Punjab.

The capacity of polymer production from GGSR is expected to increase by more than four times of its current capacity, adding approximately 2 MMTPA of capacity, after the commissioning of the upcoming petrochemical complex in Bathinda, which is currently in advanced stage of construction.

For excellence in operations, both in refining & pipeline transportation, HMEL has received ‘FIPI Oil & Gas Industry Awards 2019’ under the category of “Refinery of the Year Award (Capacity > 9 MMTPA)” and “Pipeline Transportation Company of the Year-2019.”

Logo of HINCOL Hindustan Colas Pvt Ltd. (HINCOL)

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 emulsions and modified Bitumen. HINCOL also undertakes various pavement maintenance activities including micro surfacing, slurry sealing & fog sealing and continues to be the market leader in the value added Bitumen segment in India.

HINCOL owns and operates 9 strategically located manufacturing plants complying with the requirements of International Standard ISO 9001:2015, 14001:2015 and 45001:2018. During 2019-20, HINCOL registered sales growth of 9.7% with highest ever sales volume of 251 TMT.

HINCOL is constructing its 10th Emulsion Plant near Guwahati in the State of Assam.

HINCOL has entered into a joint venture with DAS of Ireland, a company engaged in ‘Total Dust Management Solutions’ for the Mining Industry. This new joint venture is expected to make forays into providing `Total Dust Management solutions’ to the mining industry in India.

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 cavern having 60 TMT capacity and associated receiving and despatch facilities at Visakhapatnam.

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.

Logo of BGL Bhagyanagar Gas Ltd. (BGL)

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 1602.06
km Medium Density Poly-Ethylene (MDPE) pipeline and 149.23 km steel pipeline and is serving 1,36,953 domestic customers. BGL also operates 95 CNG stations in the cities of Hyderabad, Vijayawada and Kakinada in the states of Andhra Pradesh and Telangana.

Logo of Avantika Gas LtdAavantika Gas Ltd.

Aavantika Gas Ltd. (AGL) is a joint venture of HPCL and GAIL with equal equity holding of 49.99% each. AGL has a CGD network comprising of 2,213 km
MDPE pipeline and 102 km steel pipeline and is serving 73,964 domestic customers. AGL also operates 54 CNG stations in the cities of Indore, Ujjain, Pithampur and Gwalior in the state of Madhya Pradesh.

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 49.99% each. PMHBL owns and operates a multiproduct petroleum pipeline to transport MRPL refinery’s petroleum products to various parts of Karnataka. During 2019-20, PMHBL has achieved throughput of 2.925 In order to tap into renewable resources and to promote usage of clean and green energy, PMHBL has installed solar power plants at its Mangalore, Hassan and Devangonthi Stations including SV Stations with total capacity of 3.63 MWp

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% 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.

MRPL commenced production of BS VI grade auto fuels & have commissioned railway siding project for pet coke evacuation in October 2019.

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), 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 International Airport (CSIA), Mumbai. The company will construct, maintain and operate the new integrated fuel farm facility on an open access basis. The construction of integrated fuel farm is in full swing at Chhatrapati Shivaji International Airport (CSIA), Mumbai.

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 equity is held by GSPL (52%), IOCL (26%) and BPCL (11%).

GIGL has been authorised to lay two cross country gas pipeline s viz 1,640 km long Mehsana to Bathinda Pipeline (MBPL) and 740 km long Bathinda to Srinagar Pipeline (BSPL). The initial sections of the Projects covering approx. 440 kms viz. Barmer-Pali Pipeline, Palanpur-Pali Pipeline and Jalandhar Amritsar Pipeline are in operation from 2018-19 onwards.

Project implementation activities of various sections of MBPL Project planned under Phase II covering about 930 Kms and traversing through the states of Rajasthan, Haryana and Punjab is under progress.

Logo of GITL GSPL India Transco Ltd (GITL)

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 on 14th October, 2019 and the gas transportation to RFCL has started w.e.f. 1st November, 2019.

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 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 execution has started subsequent to receipt of environmental clearance in March 2019. Site grading has been completed and foundation jobs for LNG storage tanks is in progress. Purchase order has been placed for
critical items.

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 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. As on 31st March, 2020, GGPL has a CGD network comprising of a 498 km of MDPE pipeline and 59.31 Inch km of steel pipeline and is serving 52,521 domestic customers. GGPL also operates 23 CNG stations in East Godavari and West Godavari districts.

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 refinery along with integrated petrochemical complex at west coast of Maharashtra.

RRPCL has initiated discussions with the new Maharashtra Govt. for expediting the allocation of land. The configuration study of refinery is in progress.

Logo of HOGPL HPOIL Gas Pvt. Ltd. (HOGPL)

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. As on 31st March, 2020, HOGPL has a CGD network comprising of a 594 inch-km of MDPE pipeline.

HOGPL also operates 5 CNG stations in Ambala-Kurukshetra and Kolhapur Geographical Areas.

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 2019-20, PPCL achieved total production of 28,202 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 participation interest of 11.25% and 9.75% in two E&P blocks [T/L1 and T/18P (now retention leases T/RL2, T/RL3, T/RL4 & T/RL5) respectively] in Australia. During 2019-20, PPIPL has achieved its
share of production of 287,559 BoE (Barrels of Oil Equivalent) from Yolla producing field (T/L1).

Logo of HBL HPCL Biofuels Ltd. (HBL)

HPCL Biofuels Ltd. (HBL) is a wholly owned subs diary 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.

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 26% by Government of Rajasthan. HRRL is setting up a 9 MMTPA greenfield refinery cum petrochemical complex in the state of Rajasthan.

The project of setting up of refinery is in progress. Purchase order has already been placed for 5 process units out of 13 units and most of long lead items. Site Construction Works such as construction of boundary wall, site grading, construction of major internal roads, construction power facilities, construction water reservoir etc., have been completed. Construction of major process units, Bund Wall, Main Control Rooms for Refinery and Petrochemical units, Substations, Main Warehouse, Effluent Treatment Plant, approach roads from National Highway etc. are in progress.

Logo of HMEFZCO HPCL Middle East FZCO

HPCL Middle East FZCO, a wholly owned subsidiary of HPCL, formed for marketing of lubricants and other petroleum products across various markets of Middle East, Africa and further ahead in the Commonwealth of Independent States (CIS) region.

The company is registered under the DAFZA (Dubai Airport Free Zone Authority) with office at the DAFZA complex and has trade license for trading in lubricants and greases, petrochemicals and refined oil products.

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