Company Facts - HPCL

Registered Address

Petroleum House,
17, Jamshedji Tata Road,
Mumbai
Maharashtra
400020

Tel: 022-22026151
Fax: 022-22872992
Email: hpclinvestors@hpcl.co.in
Website: http://www.hindustanpetroleum.com
Group: Public Sector

Explore HPCL connections

Registrars

Link Intime India Pvt. Ltd. C-13, Pannalal Silk Mill Compound,
LBS Marg,
Bhandup (West)

Tel: 25960320
Fax: 25960329
Email: rnt.helpdesk@linkintime.co.in
Website: http://www.linkintime.co.in

Management - HPCL
Name Designation
S Roy Choudhury Chairman and Managing director
B Mukherjee Whole Time Director
P K Sinha Part Time Director
Gitesh K Shah Non Official PartTime Director
Anil Razdan Non Official PartTime Director
Name Designation
V Vizia Saradhi Whole Time Director
K Murli Whole Time Director
L N Gupta Part Time Director
S K Roongta Non Official PartTime Director
Company History - Hindustan Petroleum Corporation
1952

- The Company was incorporated in the name of Standard Vacuum

Refining
Company of India Limited on July 5, 1952 under the Indian Companies
Act, VII of 1913.

1962

- On 31st March the name was changed to ESSO Standard Refining

Company
of India Limited.

1974

- On July 15th the name of the company was changed to its present
name
Hindustan Petroleum Corporation Limited., by virtue of Lube India
and
ESSO Standard Refining Company of India Limited Amalgamation Order
1974
dated July 12, passed by the Company Law Board, Department of
Company
Affairs, GOI, New Delhi and as published in the Gazette of India
Extra-Ordinary GSR No.320(E) dated July 15. A certificate to this
effect was issued by the Registrar of Companies, Mumbai on September
4th.

1976

- With the nationalisation of Caltex Undertakings in India the same

were also taken over by the Government of India and subsequently
merged
with HPCL.

1979

- The undertakings of Kosangas Company Ltd. were merged with HPCL.

As
part of the disinvestment in PSUs, shares of HPCL were sold by the
Government to Financial Institutions, Mutual Funds and Banks.
Presently the Government holding in HPCL is 60.31%. The balance is
being held by Financial Institutions, Mutual Funds, Banks, Foreign
Institutional Investors, Employees and Individual Shareholders.

-It has co-promoted several joint ventures like Mangalore Refinery &
Petrochemicals (MRPL), Hindustan Colas, Petronet India, Punjab
Refinery
Project, Visakh Power Project, Prize Petroleum Co & South Asia LPG
Co.
1983

- The capacity of lube plant was increased by an additional 74,000

tonnes per annum of high viscosity index lube base stocks.

1985

- The crude unit and related off-sites were commissioned in January

and
fluid catalytic cracking unit was commissioned in August.

- During the year corporation embarked upon a project to expand the

crude distillation capacity at Mumbai by 2 million tonnes per annum
at
an estimated cost of Rs.45 crores. This project was commissioned in
April.

1988

- Mangalore Refineries & Petrochemicals Ltd., is the first joint

sector
refinery being set up in the country after the Government has
allowed
entry of the private sector in the petroleum refining industry.

1989

- During the year corporation installed the latest C-generations

concept 3*10 MW gas turbines to meet the power requirement at Bombay
Refinery with facilities to generate steam simultaneously.

1991

- During September 3*10 MW gas turbine generators and heat recovery

steam generators were commissioned at a cost of Rs.79.22 crores at
Mumbai.

1993

- During March an MOU was entered into between Govt. of India and
Govt.
of Sultanate of Oman, HPCL and Oman Oil Co., Ltd., for setting up 6
million TPA refinery on the West Coast of India through a joint
venture
company called Hindustan Oman Petroleum Co. Ltd.

1994

- In March 1993, an MOU was signed between the Government of India,

HPCL, Government of Sultanate of Oman and Oman Oil Company to form a
Joint Venture Company. Accordingly, on March 4, Hindustan Oman
Petroleum Company Ltd. (HOPCL) was incorporated. The project is
estimated to cost approx. Rs. 4426 crores (at June prices) and both
promoters will have a 26% stake each in the equity.

- A Memorandum of Understanding has been was signed on May 24th

between
HPCL and Colas S.A., France for implementing a project for setting up
a
Bitumen Emulsions plant. This was followed by execution of the
Joint
Venture agreement on November 25th. It is proposed to form a Joint
Venture Company (JVC) in the name of `Hindustan Colas Limited' in
the
State of Maharashtra with equal equity participation from HPCL and
Colas S.A., France.

- During the year, the company entered into a tie up with Exxon, a
leading oil company for blending and marketing EESO brand of lubes.

1995

- During February, the company issued 173,50,000 equity shares of

Rs.10
each with detachable warrants of Rs.380 each as follows.

- a. On firm allotment basis:

- i) 34,70,000 equity shares with warrants to Indian Financial

institutions

- ii) 3,35,000 shares with warrants to Indian Mutual Funds.

- b. Preferencial allotment basis:

- i) 17,35,000 shares with warrants to share to employees

- ii) 17,75,000 shares with warrants to shareholders of the company,

- iii) 34,70,000 shares with warrants to NRIs, balance 66,05,000

shares
were issued to the public.

- During the year company entered into a MOU with Saudi Arabian Oil
Co.(Saudi Armaco) for setting up a 1 million tonnes p.a refinery
Punjab. Armaco would contribute to the extent of 26% in the equity
capital of the company.

- During the year company proposed to undertake petrochemical

production from feedstock available from the refineries. The
petrochemicals planned were paraxylene/PTA, polyisobutylene and
acrylonitrile.

- During the same year the company undertook to provide thermal

power
from surplus heavy fuel oil. The proposed joint venture is to set
up
500 MW power plant an estimated cost of Rs.1865 crores.

1996

- During the year March a joint venture with Colas S.A of France,
the
company commenced its first State-of-the-art Bitumen emulsion Plant
of
20,000 TPA capacity at Vashi, named Hindustan Coalas Ltd.

1997

- A new Terminal was commissioned at Kakinada with 30000 KL Tankage

and
allied facilities at a cost of Rs. 15.06 crores.

- Hindustan Petroleum Corporation Limited (HPCL) is contemplating

setting up 30 more LPG bottling plants over the next five years.

- HPCL is converting the detachable warrant into equity shares of

Rs.10
at a premium of Rs.330 per share. Through this conversion of
warrant
company is raising Rs.589.90 crore. The amount will be payable in
four
instalments of Rs 85 each payable over a period of one year.

- Each warrant is to be converted into one equity share at a price

of
Rs.340 a share. With the full conversion of warrants, the
government
of India holding HPCL's equity capital will be just over 51 per
cent,
ruling out further dilution in the company's capital in the near
future.

- HPCL has signed an MoU with the government for the execution of
four
projects, the Vizag refinery expansion project, Vizag-Vijaywada
pipeline project, diesel hydro de-sulphurisation projects at Mumbai
and
Vizag and Punjab refinery project.

- The ministry of petroleum and natural gas has set up an expert

committee on 15th September, to enquire into the causes leading to
the
breakout of fire at HPCL's Vishakapatnam refining plant.

- The joint venture between Hindustan Petroleum Corporation Ltd and

its
former parent before nationalisation, Esso, is on slippery ground.

- Hindustan Petroleum Corporation Ltd signed a fuel supply agreement

with a private firm which would set up a 100 MW liquid fuel based
combined cycle power plant near Kengeri on the city outskirts.
1998

- Hindustan Petroleum Corporation Ltd (HPCL) has signed a commercial

agreement with Kondapalli Power Corporation Ltd (KPCL) for the
supply
of naphtha for the latter's 355-MW combined cycle power generation
unit
at Kondapalli in Krishna district of Andhra Pradesh.

- Hindustan Petroleum Corporation Ltd (HPCL) has awarded the

contract
to build the refinery to South Korea's Hyundai Heavy Industries.

- Hindustan Petroleum Corporation (HPCL) is believed to have signed

an
agreement with Esso Mauritius for marketing the latter's range of
lubricating oils here.

- Hindustan Petroleum Corporation Ltd (HPCL) has set up a joint

venture
company with domestic financial institutions (FIs) for oil and gas
exploration both in the country and abroad.

- Hindustan Petroleum Corporation Limited has commissioned its

state-of-the-art modern LPG filling plant at Usar, Alibagh.

- State owned Hindustan Petroleum Corporation's (HPCL) joint venture

with Aditya Birla Group, Mangalore Refineries and Petrochemicals Ltd
(MRPL), is keen to set up an independent marketing network.

1999

- American Express and Hindustan Petroleum Corporation has signed a

memorandum of understanding (MoU) for card acceptance at various gas
stations.

- Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of

India
Ltd (GAIL) have entered into an agreement for setting up a liquefied
petroleum gas (LPG) pipeline and infrastructure from Visakhapatnam
to
Secunderabad via Rajamundry and Vijayawada.

- The Foreign Investment Promotion Board (FIPB) has allowed the

joint
venture of Hindustan Petroleum Corporation (HPCL) and Total of
France,
to set up LNG terminals and venture into downstream activities such
as
marketing of petro-products, etc.

- Hindustan Petroleum Corporation Ltd (HPCL) is celebrating its

silver
jubilee year with Shakti Utsavs in major Indian cities.

2000

- Scheme of amalgamation of Industrial Perfumes Ltd. with the

company
is effective from 9th February, with retrospective effect from 1st
January, 1999.

- The Company signed a confidentiality agreement with Totalfina of

France to look at downstream areas, including retailing, once the
domestic oil sector is opened up.

- The Company has decided to float a joint venture information

technology company for its e-commerce and other internet based
services
foray.

- The Company will set up a Rs 2900 crore power project in

Visakhapatnam as part of the company's difversification strategy.

- HPCL has signed a business initiative with internet service

provider
(ISP) Satyam Infoway Ltd. to set up more than 200 cyber cafes at its
retail outlets across the country.

- Pepsi has entered its second cyberspace venture forging a tie-up

with
Satyam and the company as the official beverages supplier for their
Speednet project.

- Mangalore Refinery and Petrochemicals, the joint venture between

Hindustan Petroleum Corporation and the AV Birla Group of companies,
is
all set to sign a memorandum of understanding with Kuwait Petroleum
Corporation for joint efforts in the downstream sector.

- There was a fire blast in the Refinery at Malkapuram Near

Visakhapatnam, on 17th August.

- India's largest private Internet Service Providers, Satyam Infoway

and Hindustan Petroleum Corporation Ltd. have forged an alliance to
set
up cyber kiosks at various petrol pumps across the country.

- Hindustan Petroleum Corporation Ltd. has entered the Bangladesh

lubricants market with a range of its diesel engine and motor oil.

- Hindustan Petroleum Corporation Ltd. along with ZIP Telecom,

front-end operator of Hughes Ispat, will set up public access
telephone
booths at HPCL retail outlets across Maharashtra.
- The Company has set up two regional offices in Jamshedpur as part
of
its strategy to focus on improving services.

- A subsidiary company Guru Gobind Singh Refineries has been

incorporated on Dec 2000. Land admeasuring approx. 2000 acres has
been
acquired.

- GOI is the major shareholder in the company with 51% stake.

2001

- Hindustan Petroleum Corporation Ltd. has introduced its smart card

in
Bangalore for the first time in the country.

2002

- Hindustan Petroleum Corporation Ltd has informed that the

Government
of India has appointed Shri Arun Balakrishnan as Director-Human
Resources of the Corporation.

-M B Lal appointed as Chairman & M D of HPCL.

-Hindustan Petroleum Corporation Ltd has informed that Shri Naresh

Narad, Special Secretary, Ministry of Petroleum & Natural Gas has
ceased to be a part time ex-officio Director of the Corporation with
effect from November 11, 2002 consequent upon his movement from
Ministry of Petroleum & Natural Gas, as Secretary, Ministry of Heavy
Industries & Public Enterprises.

-M S Srinivasan appointed as part-time ex-officio Director on the

Board of HPCL.

-Hindustan Petroleum Corporation Ltd has informed that Shri S D

Gupta, Director (Finance) of the corporation passed away on December
26, 2002 after a brief illness.

- Approves Mangalore Refinery & Petrochemicals Ltd. (MRPL) control to

Birlas

- HPCL is introducing a new system at its 6,000-odd retail outlets

across the country. The Company plans to set up facilities enabling
customers to buy original spare parts and accessories for the car

- Ties-up with Gas Authority of India Ltd (Gail), Oil and Natural Gas
Corporation (ONGC) to purchase LPG

- Ties up with Lubrizol for its own brand of high-performance petrol,

branded 'Power'
- Unveils branded petrol, diesel (Power & Turbojet respectively)

- HP unveils new retail brand - 'Club HP' through which it intends to

offer quality personalised vehicle and consumer care through select
outlets

- FedEx inks one-year agreement with HPCL to set up transportation

services at HPCL's 100 Club HP retail outlets in eight cities in the
country

- HPCL and GAIL sign agreement for formation of new JV Company to

distribute and market environmentally friendly fuels in and around
the cities of Andhra Pradesh

2003

- Cabinet Committee on Disinvestment (CCD) decides to divest 34.01

per cent equity in Hindustan Petroleum Corporation Ltd (HPCL) to a
strategic partner

- Govt fixes Rs 2,500-cr net worth for HPCL bidders

- Forges alliance with Chennai-based KwickTel Communications to

launch vehicle tracking system

- HPCL shareholding in Mangalore Refinery and Petrochemicals Ltd

(MRPL) dips to 16.89% consequent to MRPL Debt Restructuring
Arrangement

- TotalFinaElf withraws from the race for acquiring the 34 per cent
stake in Hindustan Petroleum Corporation Ltd (HPCL)

- HPCL becomes the second largest firm in terms of sales with a

turnover of over Rs 50,000 crore

- Launches loyalty Plan for its LPG Consumers

- Launches a new scheme where in the LPG (liquefied petroleum gas)

delivery boys will carry portable weighing scales, so that HP
customer can measure the Gas contend in cylinder before receiving it

- Unveils a high-octane petrol brand in the market named as 'Power

'93'

- Ties up with Chevron for Aviation Turbine Fuel (ATF) business

- Government of India appoints Mr. C Ramulu as Director - Finance of

the Corporation

- Signs agreement with Oil & Natural Gas Corporation (ONGC ) for
sourcing crude oil

---HPCL bags eighth slot among `Top 10' in Asiamoney's corporate

governance poll on Asian companies in the energy sector. And joined
the club of a select few Asian companies.

-Unveils Smart Card which a customer could use to pay for petrol or
diesel bought at HPCL's outlets

2004

-HPCL - Marketing Initiatives in Sri Lanka

- Hindustan Petroleum Corporation Ltd (HPCL) has formed a 50:50 joint

venture with Total Gas and Power India (TGPI), a wholly-owned
subsidiary of Total France, to develop the biggest underground
'Cavern LPG Storage' project at Visakhapatnam

-Gets award for industrial safety by National Safety Council, Kerala

Chapter in chemical industries sector

-Inks pact with Shell India Private Ltd for product and
infrastructure sharing between the two companies

-Signs agreement with US Pizza, a pizza outlet, which would be

opening over 500 delivery units at HPCL's outlets around the country.
The understanding is aimed at making the partnership the largest food
chain in the country

-Mr S. Roy Choudhary has been appointed as Director-Marketing in

Hindustan Petroleum Corporation Ltd (HPCL), effective May 10

-Hindustan Petroleum Corporation Ltd on June 26 signed a memorandum

of understanding with Indian Oil Corporation Ltd

-Birla Power Solutions, a Yash Birla Group company, has tied up with
Hindustan Petroleum Corp Ltd (HPCL) to produce electricity
generators, which run on LPG

-HPCL launches unique smart card

-Hindustan Petroleum Corporation signs MoU & Confidentiality

agreement with Chevron Texaco

2005

-HPCL signs MoU with RCF (Rashtriya Chemicals Fertilisers Ltd )

-HPCL ropes in Sania Mirza to endorse retail brands

-Pizza Corner forges alliance with HPCL

-Amex, HPCL unveils co-branded credit card

-HPCL opens new LPG bunk in Visakhapatnam

-HPCL partners with MSFCL for bio-diesel venture

-HPCL signed an agreement with BP plc (formerly known as British

Petroleum) to form 50:50 strategic joint venture partnership

-HPCL signs MoU with Gail on November 16, 2005

2006

-HPCL, MyTVS unveils MyTVS Club HP Smart1 cards

-HPCL signs MoU with SINOPEC

-HPCL join hands with Malbro Appliances to market LPG stoves

-Kamat Group joins hand with HPCL for food joints

-Nirlep Appliances Ltd, manufacturer of cookware, has entered into a

marketing pack with HPCL for marketing non-stick cookware, regular
inner and outer lid pressure cookers and gas stoves.

2007

-Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri.

Arun Balakrishnan earlier Director (HR) has taken charge as Chairman
& Managing Director of the Company effective April 01, 2007 (AM).

-Hindustan Petroleum Corporation Ltd (HPCL) and ONGC have signed a

Memorandum of Understanding (MoU), covering Product Sale Purchase,
Infrastructure Services and Co-operation in Energy & related fields.

-Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. P

V Rajaraman, retired IAS Officer and former Chairman of Tamilnadu
Industrial Investment Corporation has been co-opted as part-time
'Non-officio' Director on the Board of the Company.

- Mr V. Vizia Saradhi assumed charge as the Director, Human

Resources, of the HPCL on Aug 3.

- Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri.

V Viziasaradhi has been appointed as Director - Human Resources on
the Board of the Company effective August 03, 2007 (PM).

2008

-Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. L

N Gupta, Joint Secretary - Refineries, Ministry of Petroleum & Natural
Gas (MOP&NG) has been co-opted as part-time ex-officio Director on the
Board of HPCL at the Board Meeting held on June 25, 2008 (PM).

-HPCL signs MOU with Shree Renuka Sugars Ltd

 -HPCL joins hand with CREDA

- HPCL forays ethanol business

2009

- Hindustan Petroleum Corporation Ltd (HPCL) has appointed following

firms as statutory / Branch Auditors for the Financial year 2009-10.
V. Sankar Aiyar & Co. : Joint Statutory Auditors
Om Agarwal & Co. : Joint Statutory Auditors
Gandhy & Co. : Branch Auditors for Visakh Refinery.

2010

- Hindustan Petroleum Corporation Ltd (HPCL) has appointed Dr. Gitesh

K. Shah as Part-time Non-Official Director on the Board of HPCL
effective December 07, 2009.

Company Background - Hindustan Petroleum Corporation Industry Name Refineries House Name Public
Sector Collaborative Country Name N.A. Joint Sector Name N.A. Year Of Incorporation 1953 Year Of
Commercial Production N.A. Regd. Office Address Petroleum House,, 17, Jamshedji Tata Road District
Mumbai State Maharashtra Pin Code 400020 Tel. No. 022-22026151 Fax No. 022-22872992 Email :
hpclinvestors@hpcl.co.in Internet : http://www.hindustanpetroleum.com

Welcome to Refineries section

Without refining, the rich resources of crude petroleum of nature would remain latent.
Value-added products from crude petroleum like petrol, diesel, kerosene, liquefied
petroleum gas, naphtha and many more products would not be available for growth and
development of a nation.
 
HPCL refineries upgrade the crude petroleum into many value-added products and
over 300 grades of lubricants, specialties and greases. The Lubricating Oils Refinery
set up at Mumbai is largest lube refinery in India. It produces superior quality lube base
oils.
 
The offsite product handling facilities of refineries at Mumbai and Vishakhapatnam has
 been automated. Projects have been implemented and facilities upgraded to produce
green fuels like unleaded petrol and low sulphur diesel. and Euro III & Euro IV works
are in progress . The refineries have been benchmarked by an international agency for
various performance parameters.
 
Numerous awards have been bestowed on both the refineries in recognition of the
efforts in the field of energy conservation, environment and safety.
 
This section showcases about our Refineries: Its History, Performance, New Projects,
Research & Development, Awards. 

About HP Aviation... Leading Jet fuel supplier in India

Hindustan Petroleum (as Esso and Caltex prior to 1974) has been providing aviation refueling (Aviation
Turbine Fuel - ATF) services at various airports in India for more than half a century. To know more
about HP Aviation, also fondly called "Hindustan" Aviation, browse the following links.

    

Overview: History of HP Aviation, ASF Network, and our services

Infrastructure

 Aviation Service Facility: Our Facility to supply JET A1 at Indian Airports

 Location of our ASFs: Aircraft Fueling Facilities of HP Aviation in India
 Equipment: Our Equipment to supply Aircraft Jet Fuel in India
 Modernization And Upgradation: Keeping ATF Refueling facilities up-to-date
Quality : Quality Policy and Practices of HP Aviation
 

Accreditation: The certification and awards won by our ASFs

Training: Training of Aircraft Refueling Personnel

Corporate Citizen: HP Aviation: The Corporate Citizen

Value Added Services: Additional services extended by HP Aviation

Clientele: A short list of Major Customers of “Hindustan” Aviation

Jet Fuel Prices

 Domestic Prices: Price of Jet A1 at various airports in India

 International Prices: PLATTS based Pricing in India for International carriers

Welcome to International Trade section

This section showcases about our International Marketing,Crude supplies and Our Offerings.
Please navigate to various information using the links.
The activities of IT&S relate to

 Crude oil imports,

 Petroleum Product Imports / Exports,
 Shipping,
 Production planning for Refineries,
 Supplies for domestic Markets,
 Product exchange with other Indian Oil Companies and Oil price risk management.
 Welcome to HP GAS, Your friendly gas   Who are we?  
 HP Gas, the HPCL brand of LPG, is what keeps the fire burning in millions of Indian
homes.  
  Bottled at 43 LPG Bottling Plants throughout the country with a total capacity of over
2500 thousand metric tonnes per annum (TMTPA).

 
 Welcome to Retail Business Unit   Who Are we?  
 
 At HPCL retail outlets, we believe in maintenance. Maintaining not just the vehicle, but a
steady relationship with our consumer. And to do so, provide better and efficient services.
We take care of not only your fuelling needs, but also complete vehicle care. We stock
related products like tyres, batteries and accessories, so you don't have to go shop-
hopping. All our other value-added services ensure that your vehicle is well looked after.

Alternate Energy:   
Being an energy company, HPCL has been in the forefront in experimenting with
alternate sources for harnessing of renewable energy resources.

Wind power
Maharastra: HPCL's maiden renewable & alternate energy Wind Energy Generator was
commissioned at Dhule in Maharashtra State in May 2007. This 3.75 MW pilot turnkey project,
costing about Rs 19 Crores, comprised of just 3 Wind Turbine Generator (WTG) units, each with
an installed capacity of 1.25 MW. This was executed by M/s Suzlon Energy Limited.
Power generated from this venture is being sold to the Maharashtra State Electricity Board
(MSEB).

Rajasthan: HPCL comissioned another Wind power project in Jaisalmer in Rajasthan State on
1st January 2009. The 21.25 MW turnkey project, executed at Rs 110 Crore by M/s Suzlon
Energy Limited, comprises of a 17 unit-farm, each WTG unit having an installed capacity
of 1.25 MW.
The power generated is wheeled through the Rajasthan State Electricity grid and is partly
consumed by HPCL’s centres at Ajmer, Jaipur, Kota, Pali and Jodhpur. Surplus power is being
sold to Rajasthan State Electricity Board. (RSEB)

HPCL remains committed to enhance use of renewable energy resources and exploration of
alternate sources of energy.
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

Clicking on the 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 data expressed.

Joint Ventures  
HPCL-Mittal Energy Ltd. (HMEL)
Hindustan Colas (HINCOL)
Prize Petroleum Company Limited
South Asia LPG Co Pvt. Ltd. ( SALPG)
Bhagyanagar Gas Limited (BGL)
Aavantika Gas Limited
Petronet India Limited (PIL)
Petronet MHB Limited (PMHBL)
Mangalore Refineries and Petrochemicals Limited (MRPL)
CREDA-HPCL Biofuel Limited (CHBL)
Sushrut Hospital and Research Centre

HPCL-Mittal Energy Ltd.(HMEL)

JV with Mittal Energy Investments Pte. Ltd, an L.N. Mittal group company, for
implementation of Guru Gobind Refinery.a green field refinery project located at Bhatinda,
Punjab.
HPCL and Mittal Energy Investments each have 49% stake, balance 2% with financial
institutions.

State-of-art refinery with an initial capacity of 9 MMTPA, costing around Rs 18,000 crores. 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.

Facilities include refinery units, a pipeline from Mundra to Bhatinda, crude oil receiving
terminal, SPM and jetty at Mundra port.

Financial closure achieved on July 28, 2007. During the year, HMEL has incorporated a wholly
owned subsidiary viz. M/s HPCL-Mittal Pipelines Limited (HMPL) to set up and operate
business relating to crude oil receipt, its storage and cross country transportation of crude oil.
Both HMEL & HMPL have achieved financial closures and are currently in process of awarding
major contracts and orders for equipments

Project expected to be completed by 2011.

Hindustan Colas (HINCOL)

JV promoted with M/s COLAS SA, France. Incorporated on July 17, 1995

Manufactures International quality value-added bituminous products such as bitumen

emulsions & cutbacks and modified bitumen.

The turnover of the company crossed Rs.250 crores for the year 2007-08. The products of
HINCOL are widely used by agencies associated with road construction. During 2007-08,
4000MT of Polymer Modified Bitumen manufactured by HINCOL was used for the new
Airports at Bangalore and Hyderabad.

Currently operates seven manufacturing plants across India.

Prize Petroleum Company Limited

HPCL, in partnership with ICICI and HDFC, had formed this Joint Venture E&P Company for
participating in exploration and production of hydrocarbons. PPCL was incorporated on October
28, 1998. PPCL is also providing consultancy services related to E&P.

The consortium of PPCL, HPCL and Trenergy of Malaysia, which had signed the Service
Contract for development of ONGC’s offshore marginal fields-Cluster-7, has made considerable
progress during the year. Initial Development Plan (IDP) duly approved by all consortium
partners has been submitted to ONGC Limited. Reservoir simulation study has been completed.

PPCL has signed a Service Contract with ONGC Ltd for development of marginal fields in
Cambay basin with 50% holding in the consortium. During the year, these fields produced
49,123 barrels of oil.

PPCL has also entered into a Production Sharing Contract (PSC) with 50% stake in an onland
marginal field at Sanganpur. During the year, there was a production of 1,426 barrels of oil from
this field.

In respect of onshore block (under NELP-VI) at South Rewa in Madhya Pradesh, after receipt of
Petroleum Exploration License (PEL) from State Govt., the exploration activities as per
committed minimum work program have been initiated. PPCL is the Operator in this field.

South Asia LPG Co Pvt. Ltd. ( SALPG)

JV with Total Gas and Power India (a wholly owned subsidiary of Total of France) with HPCL's
equity participation of 50% was incorporated on November 16, 1999.

First of its kind in India, the underground SALPG Cavern facility for storing LPG was
commissioned in December, 2007 and formally inaugurated by the Minister of Petroleum &
Natural Gas on 14th January, 2008. Setup at the cost of Rs.333.30 crores,the Cavern Marine
Terminal has a 60,000 MT capacity underground LPG storage Cavern and associated receiving
& despatch facilities at Visakhapatnam. The SALPG Cavern is the largest LPG storage facility
in South Asia with the lowest point 192 M below the Mean Sea Level (MSL) ranking among
the deepest Caverns in the World.

During the initial 3 months of its operation, SALPG has discharged three VLGC (Very Large
Gas Carrier) parcels and handled a volume of over 156000 MT of LPG. The Cavern storage
facility would enable meeting the growing demand of LPG in India and also the export of LPG
to the deficit markets in South Asia / South East Asia.

Bhagyanagar Gas Limited (BGL)

JV with GAIL 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. Incorporated on August 22, 2003.

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.

Launched CNG in Vijayawada & Hyderabad and is operating 5 CNG dispensing stations in
Vijayawada and 3 CNG Dispensing stations in Hyderabad. During the 2007-08, the first CNG
Bus Dispensing station was commissioned in Vijayawada which supplies CNG to the buses
operated by APSRTC. BGL is also operating 4 Auto LPG Outlets – 3 in Hyderabad and 1 in
Tirupati. .

Aavantika Gas Limited

Incorporated on June 07, 2006, is is a Joint Venture Company with GAIL 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.

In 2007-08, AGL has completed construction of CNG Mother Station at Indore and achieved
mechanical completion thereof. 5 Daughter Stations for dispensing CNG, 4 at Indore and 1 at
Ujjain are also ready for operation. Licence Awaited from PNGRB.

Petronet India Limited (PIL)

JV formed in May 1997, with 50% equity by Oil PSUs, HPCL holding 16% equity and
balance 50% being taken by private companies/ Financial Institutions .

PIL, with different oil companies, implement individual pipeline projects-like Petronet MHB,
through Special Purpose Vehicles (SPVs).

Since oil companies are now having pipelines independently, PIL has initiated action to disinvest
its equity holding in individual JVs

Petronet MHB Limited (PMHBL)

Promoted (PMHBL) with Petronet India Limited (PIL) for the construction and operation of
Mangalore - Hassan - Bangalore product pipeline.

HPCL & PIL each has 26% equity participation.

ONGC with 23% equity has joined as a strategic partner.

Meets fuel transportation needs between Mangalore, Hassan and Bangalore. Executed at a cost
of Rs. 667 crores.

After debt restructuring, equity holding of ONGC, HPCL and lending banks and PIL now stand
at 28.77%, 28.77%, 34.57% and 7.89% respectively.

PMHBL obtained Integrated Management System Certification covering Quality management

System-ISO-9001, Environmental Management system - ISO - 14001 and OHSAS - 18001 in
any PSU pipeline or PIL pipelines.

Mangalore Refineries and Petrochemicals Limited (MRPL)

Commissioned in March 1996 with a Refinery capacity of 3 MMTPA

Refinery capacity enhanced to 9 MMTPA during 1999-2000.

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 exchanging intermediate process streams between their refineries to
supplement efforts to meet new environmental norms in respect of products like MS and HSD on
mutually agreed terms

CREDA-HPCL Biofuel Limited (CHBL)

CREDA-HPCL Biofuel Limited is a Subsidiary company of Hindustan Petroleum Corporation Limited

(‘HPCL’), with Chhattisgarh State Renewable Energy Development Agency (‘CREDA’) for the plantation of
jatropha in the State of Chhattisgarh.

Jatropha seeds are used for the production of bio-diesel as viable renewable source of energy.
The Company’s objective is to carry out jatropha planatation on 15,000 hectares of land leased to
HPCL by the Govt. of Chhattisgarh.
HPCL holds 74%, and CREDA holds 26% shareholding in CHBL.

Sushrut Hospital and Research Centre

HPCL is a major constituent of the Chembur Hospital Project Trust (CHPT - A public
charitable trust) , which manages the hospital.

Sushrut Hospital is a 90 Bedded, tertiary referral acute care private hospital.

First of its kind in India for handling Burns & extended Trauma care with State of the Art
facilities

Other members of CHPT are: Indian Oil Corporation Limited (IOCL), Bharat Petroleum
Corporation Limited (BPCL),TATA Power Company Limited, National Organic Chemicals &
Industries Limited (NOCIL) and Rashtriya Chemicals & fertilizers limited ( RCF)