Hindustan Petroleum Corporation Limited · Mumbai India ·(Mumbai: HPCL)
Company Description
Phone: +91-22-2286-3900
Fax: +91-22-2287-2992
View Hindustan Petroleum Corporation Limited Locations On A US Map
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This link will open in a new window Hindustan Petroleum is India's second-largest oil refiner (Indian Oil is #1, Bharat Petroleum is #3) and accounts for more than 16% of the country's total refining requirements. The company has two major refineries -- one in Mumbai, the other in the southern Indian city of Vishakapatnam -- and produces lubricants, aviation fuel, liquefied petroleum gas, and light diesel oil. Hindustan Petroleum also holds a 17% stake in a refinery at Mangalore and is establishing another refinery in the state of Punjab. Other businesses include pipelines, a lube refinery (with a 40% share of the lube oil market), and 8,330 gas stations nationwide. The Indian government owns 51% of the company, which was established in 1974. To read the full description, subscribe now.
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Key Hindustan Petroleum Corporation Limited Financials
| Company Type | Public - Mumbai: HPCL Headquarters |
| Fiscal Year-End | March |
| 2008 Sales (mil.) | $24,139.7 |
| 2008 Employees | 10,949 |
Hindustan Petroleum Corporation Limited Executives
10 executives listed for Hindustan Petroleum Corporation Limited's Mumbai, location.
| Title | Name & Bio | Contact |
| Chairman and Managing Director | Arun Balakrishnan | Network |
| Director Finance | Shri Mukherjee | Network |
| Director Refineries and Director | M. Tankiwala | Network |
Competition
Competitive Landscape for Hindustan Petroleum Corporation Limited
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Hindustan Petroleum Corporation Limited Competitors
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