Hindustan Petroleum Company Description
Hindustan Petroleum is India's second-largest oil refiner (Indian Oil is #1, Bharat Petroleum is #3) and accounts for more than 20% of the country's total refining requirements. The company has two major refineries -- one in Mumbai (formerly Bombay), 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, and a national network of service stations. The Indian government owns 51% of the company, which was established in 1974.
View the Comprehensive Company Description for Hindustan Petroleum
The Company Description provides a historical perspective of Hindustan Petroleum's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Hindustan Petroleum's evolution in the marketplace.
