Hindustan Petroleum Corporation Limited

Mumbai India

  (Bombay: HPCL)

Company Description

Hindustan Petroleum is one of India's top oil refiners (along with Indian Oil and Bharat Petroleum) and accounts for 10% of the country's total refining requirements. The company has two major refineries -- one in Mumbai, the other in the southern Indian city of Vishakhapatnam -- and produces lubricants, aviation fuel, liquefied petroleum gas, and light diesel oil. Hindustan Petroleum also holds a 17% stake in a refinery at Mangalore. Other businesses include pipelines, a lube refinery (with a 40% share of the lube oil market), and more than 8,000 gas stations nationwide. The Indian government owns 51% of the company.