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HP
National Oil Company
Downstream
NSE: HINDPETRO
HPCL
Mumbai, India · Established 1974 · Profile updated July 1, 2026
Official website ↗Auditor Executive Assessment
Prepared by the Asian Oil Intelligence Desk · Institutional due-diligence memorandum
Hindustan Petroleum Corporation Limited (HPCL) operates two refineries at Mumbai (Vadinar, 9.5 mtpa via subsidiary) and Visakhapatnam (8.3 mtpa), plus 21,000+ retail outlets. ONGC acquired government stake in 2018 creating upstream-downstream integration.
FY2024 revenue approximated $50 billion with net income near $2 billion. Rajasthan Refinery project (9 mtpa) under construction with Saudi Aramco partnership. Visakh refinery modernisation improves complexity.
Mumbai refinery is among the old...
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