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Hindustan Petroleum Corporation Limited

Introduction to HPCL

Petrol Pump
Petrol Pump

HPCL is a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It had originally been incorporated as a company under the Indian Companies Act 1913.

It’s CIN No. L23201MH1952GOI008858.

It is listed on the Bombay Stock exchange (BSE) and National Stock Exchange (NSE), India.

It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure. Oil and Natural Gas Corporation owns 51.11% shares in HPCL and others are distributed amongst financial institutes, public and other investors.

 The company is ranked 367th on the Fortune Global 500 list of the world’s biggest corporations as of 2016.

HPCL owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai (West Coast) of 7.5 Million Metric Tonnes Per Annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.

HPCL also owns and operates the largest Lube Refinery in the country producing Lube Base Oils of international standards, with a capacity of 428 TMT. This Lube Refinery accounts for over 40% of the India’s total Lube Base Oil production.

HPCL in collaboration with M/s Mittal Energy Investments Pte. Ltd. is operating a 9 MMTPA capacity Refinery at Bathinda with 49% equity and also holds an equity of about 16.95% in the 15 MMTPA Mangalore Refinery and Petrochemicals Ltd. (MRPL).

HPCL has the second largest share of product pipelines in India with a pipeline network of more than 3370 kms for transportation of petroleum products and a vast marketing network consisting of 21 Zonal offices in major cities and 128 Regional Offices facilitated by a Supply & Distribution infrastructure comprising Terminals, Pipeline networks, Aviation Service Stations, LPG Bottling Plants, Inland Relay Depots & Retail Outlets, Lube and LPG Distributorships.

Consistent excellent performance has been made possible by highly motivated workforce of over 10,500 employees working all over India at its various refining and marketing locations.

HPCL is committed to achieve the economic, ecological & social responsibility objectives of sustainable development consistently through varied operations and activities. HPCL’s focus areas are in the fields of Child Care, Education, Health Care, Skill Development & Community Development, touching lives of weaker section of society.

HistoryImage result for Hindustan Petroleum

HPCL was incorporated in 1974 after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the Esso (Acquisition of Undertakings in India) Act 1974. Caltex Oil Refining (India) Ltd. (CORIL) was taken over by the Government of India in 1976 and merged with HPCL in 1978 by the CORIL-HPCL Amalgamation Order, 1978. Kosan Gas Company was merged with HPCL in 1979 by the Kosangas Company Acquisition Act, 1979.

In 2003, following a petition by the Centre for Public Interest Litigation (CPIL), the Supreme Court of India restrained the Central government from privatising Hindustan Petroleum and Bharat Petroleum without the approval of Parliament. As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the companies would be to repeal or amend the Acts by which they were nationalised in the 1970s. As a result, the government would need a majority in both houses to push through any privatisation.

HPCL has been steadily growing over the years. The refining capacity increased from 5.5 million metric tonnes (MMT) in 1984/85 to 14.80 million metric tonnes as of March 2013. On the financial front, the net income from sales/operations grew from ₹2687 crores in 1984–1985 to ₹2,06,529 crores in financial year 2012–2013. During FY 2013-14, its net profit was ₹1740 crores.

Merger and Acquisition

On 19 July 2017, the Government of India announced the acquisition of Hindustan Petroleum Corporation by Oil and Natural Gas Corporation. On 1 November 2017, the Union Cabinet approved ONGC for acquiring majority 51.11% stake in HPCL (Hindustan Petroleum Corporation Limited). On 30 January 2018, Oil & Natural Gas Corporation acquired the entire 51.11% stake of Hindustan Petroleum Corporation.

OperationsImage result for Hindustan Petroleum

HPCL operates two major refineries[8] producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 7.5 million metric tonnes per annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA. HPCL holds an equity stake of 16.95% in Mangalore Refinery and Petrochemicals Limited (MRPL), a state-of-the-art refinery at Mangalore with a capacity of 9 MMTPA. Another refinery of 9 MMTPA (set up in Bathinda, Punjab by HMEL, a joint venture with Mittal Energy Investments Pte. Ltd). HPCL has signed a memorandum of understanding with the Government of Rajasthan for setting up a refinery near Barmer. It would be operated under a joint venture company (JVC) called HPCL-Rajasthan Refinery Limited.

HPCL also owns and operates the largest lubricant refinery in India producing lube base oils of international standards, with a capacity of 335 TMT. This refinery accounts for over 40% of India’s total lube base oil production. Presently HPCL produces over 300+ grades of lubes, specialities and greases.

The marketing network of HPCL consists of 21 zonal offices in major cities and 128 regional offices[12] facilitated by a supply and distribution infrastructure comprising terminals, aviation service facilities, liquefied petroleum gas (LPG) bottling plants, lube filling plants, inland relay depots, retail outlets (petrol pumps) and LPG and lube distributorships.

HPCL has state-of-the-art information technology infrastructure to support its core business. The data center is at Hitech city in Hyderabad.

Chairman & Managing Director

Shri M.K.Surana

Shri M.K.Surana: Chairman and Managing Director

Mr. Mukesh Kumar Surana, has taken charge as Chairman & Managing Director – Hindustan Petroleum Corporation Limited effective April 01, 2016. Prior to this, he served as Chief Executive Officer, Prize Petroleum Company Ltd., a wholly owned subsidiary and upstream arm of HPCL since September 2012.

A Mechanical Engineer with Master’s degree in Financial Management, Mr. Surana joined HPCL in the year 1982. During his career spanning over 33 years in Petroleum Industry, Mr. Surana has handled a wide range of responsibilities including leadership positions in Refineries, Corporate, Information Systems and upstream business of HPCL. He has been closely involved in Strategy Formulation, Business Process Re-engineering, Major Projects Implementation, Refinery Operations, Corporation wide ERP Implementation, Acquisition and Management of upstream assets etc.

Mr. Surana has vast experience in domestic and international Oil & Gas business and is known for his business acumen, innovative ideas and people-centric leadership. In his various roles, he has been able to empower teams to perform and deliver exceptional results through positive engagement and a shared vision. He was a Core Team Member for Corporate wide ERP implementation in HPCL which now forms the backbone of all business transactions at HPCL.

A certified Competency Assessor and a Project Management Professional, Mr. Surana has also been actively associated with various important industry forums in Oil & Gas Sector.

Functional Directors

Shri Pushp K Joshi

Shri P K Joshi: Director- Human Resources

Shri Pushp Kumar Joshi took charge as Director – Human Resources effective August 01, 2012. Prior to this he was holding key portfolios in Human Resources viz. Executive Director – HRD, and Head – HR of Marketing Division.

A Bachelor of Law and an alumnus of XLRI, Jamshedpur, Mr. Pushp Kumar Joshi joined HPCL in 1986. Since then he has held various key positions in Human Resources and Industrial Relations functions at HQO, Marketing and Refineries Divisions of HPCL.

He has been responsible for the design and deployment of key HR policies and practices that are employee oriented and aim at building high performance culture.

He spearheaded various HR practices with strong business focus in HPCL viz; Project Akshay – the leadership development programme, Productivity Improvement Initiatives, leveraged the IT Platform for Internal Customer care, various Technical & Behavioral training programs, HR- Business Process Reengineering (BPR), Implementation of JDE (HR), Health Management System, HR Green Credit etc.

Shri Ramaswamy

Shri Ramaswamy: Director –Finance

Shri J Ramaswamy took charge as Director – Finance effective 1st October 2015. Prior to his taking over as Director – Finance, Shri Ramaswamy was Executive Director – Corporate Finance of HPCL for over 2 years.

A member of the Institute of Chartered Accountants of India (ICAI), Shri Ramaswamy brings with him rich experience of over 3 decades in handling various challenging assignments in HPCL in the field of Corporate Finance, Marketing Finance, SBU Commercial, C&MD’s Office, Internal Audit, Vigilance, System & Procedures, and Refinery Finance.

Shri Ramaswamy has expertise in Financial Management, and is known for strengthening financial discipline, cost consciousness and commercial acumen in the Corporation, which is of immense benefit to the organization. He is also credited with effective treasury management in raising External Commercial Borrowing, Debentures and various other types of financial instruments at a very competitive interest rate as compared with the Industry.

He has various academic distinctions to his credit, and is a key technical speaker in in-house capability building seminars and workshops.

Shri S Jeyakrishnan

Shri S Jeyakrishnan: Director – Marketing

Shri S Jeyakrishnan took charge as Director (Marketing) of Hindustan Petroleum Corporation Limited effective 1st November 2016. Prior to this, he was the Executive Director (Retail) of HPCL.

An alumni of Madras University, Shri S Jeyakrishnan joined HPCL in 1981 and has a rich and varied experience across the spectrum of Petroleum marketing. He is known for his participative leadership style and believes in leading his teams from the front, consistently delivering high performance despite all odds.

During a career spanning over 35 years, he has led large teams in the Marketing functions and held Leadership positions including General Manager- East Zone, Executive Director – Business Development & Corporate Affairs, Executive Director-Direct Sales and Executive Director-Retail. He also played a key role in several transformational initiatives undertaken at HPCL. He is also on the Board of M/s Hindustan Colas Private Ltd., a Joint Venture Company of HPCL.

During his tenure across the various Marketing SBUs HPCL became India’s largest Lubricant marketer, augmented infrastructure, developed robust processes and undertook several pioneering customer centric initiatives which enhanced productivity and profitability and established HPCL as the preferred brand.

Shri S Jeyakrishnan has been an active participant in various industry forums and conferences both at national and International levels. He also attended the Advanced Management Program at Cambridge (UK) and the Authentic Leadership Program of the Harvard Business School.

Shri. Vinod S Shenoy

Shri Vinod S Shenoy: Director – Refineries

Shri Vinod S Shenoy took charge as Director – Refineries effective November 01, 2016. Prior to this he was the General Manager – Refineries Coordination of HPCL

A Bachelor in Chemical Engineering from IIT Bombay, Shri Vinod Shenoy started his career with HPCL in June 1985. During his career spanning over 31 years, Shri Shenoy has held various positions in the Refinery Divisions and Corporate Departments of Hindustan Petroleum Corporation Limited and has wide exposure to the Petroleum Industry.

Ex-Officio Director

Shri Sandeep Poundrik

Shri Sandeep Poundrik: Director

Shri Sandeep Poundrik has been appointed as a Part Time Director on the HPCL Board effective October 16, 2014.

Shri Sandeep Poundrik, IAS is presently posted as Joint Secretary (Refineries), Ministry of Petroleum & Natural Gas, New Delhi.

As Joint Secretary (Refineries), Shri Sandeep Poundrik is looking after the matters related to Refineries, Auto Fuel Policy, Petrochemicals, Import/export of crude oil and other petroleum products; Pricing of Petroleum products; Bio Fuels, Renewable energy and conservation, Integrated Energy Policy; Climatic Change & National Clean Energy Policy.

Before joining Ministry of Petroleum & Natural Gas in New Delhi, Shri Poundrik has served State government of Bihar at various senior level assignments including Secretary, Energy; C&MD, Bihar State Power Holding Company; Secretary, Road Construction Department; MD, Infrastructure Development Authority; MD, Bihar Industrial Area Development Authority and Collector & District Magistrate, Gaya, Begusarai, Buxar.

Shri Poundrik’s academic background includes Rajasthan University Gold Medal in BE (Electrical) and Masters in Public Administration in International Development from Harvard University. His publications include “Group Disaster Risk Financing: Case studies” & “Improving the resilience of livelihoods to natural disaster” published by the World Bank and “Leadership and Institutional Change in the Public Provision of Transport Infrastructure: An analysis of India’s Bihar” in the Journal of Development Studies.

Part-Time Director

Shri Subhash Kumar

Shri Subhash Kumar

Shri Subhash Kumar is a Part-Time Director on the Board of HPCL, nominated by Government of India as representative of ONGC. Mr Subhash Kumar is a Director (Finance) of ONGC effective 31st January 2018.

Prior to joining as Director (Finance), ONGC, Mr Kumar served a brief stint with Petronet LNG Limited where he joined as Director (Finance) in August 2017.

Mr Kumar is Fellow Member of ICMAI and also Associate Member of ICSI. He is an alumni of Panjab University, Chandigarh, where he obtained his Bachelors degree and Masters degree in Commerce with Gold Medal.

Mr Kumar joined ONGC in 1985 as Finance & Accounts Officer (F&AO). After initially working in Jammu and Dehradun, he had a long stint at ONGC Videsh, the overseas arm of ONGC. During his tenure with ONGC Videsh, Mr Kumar was associated with key acquisitions and expansion of company’s footprint from single asset company in 2001 into a company with global presence in 17 countries with 37 assets. He played a key role in evaluation and acquisition of many Assets abroad by ONGC Videsh.

He worked as Head Business Development, Finance & Budget and also as Head Treasury Planning & Portfolio Management Group at ONGC Videsh from April 2010 to March 2015. He then went on to serve as Chief Financial Officer of Mansarovar Energy Colombia Limited, a 50:50 joint venture of ONGC Videsh and Sinopec of China, from September 2006 to March 2010.

Mr Kumar joined back ONGC as Chief Commercial & Head Treasury of ONGC in July, 2016 where he played a key role in evaluation, negotiation, and concluding outstanding issues pertaining to the organizations.

Independent Directors

Shri.Ram Niwas Jain

Shri.Ram Niwas Jain

Shri.Ram Niwas Jain was Appointed to the HPCL Board effective November 20,2015.

He has passed BE (MECH) from Motilal Nehru Regional Engineering College, Allahabad in 1973. He is Managing Director of the B.P. Engineers Pvt.Ltd. an ancillary to Hindustan Aeronautics Ltd., Lucknow Division, Lucknow, engaged in manufacturing of aeronautical components for fighter aircrafts, mainly indigenization work for Indian Airforce and various Divisions of Hindustan Aeronautics Ltd for last more than 30 years. M/s. B.P. Engineers Pvt.Ltd. has been awarded “Excellence in Aerospace Indigenization” from SAITI. He has been Independent Director on the Board of two nationalized banks, Allahabad Bank and UCO Bank. He is also Independent Director in Universal Sompo General Insurance Co.Ltd. He is president of Entrepreneurs’ Association of Scooters India Ancillary Units, Amausi, Lucknow. He is doing a lot of social work in the field of Leprosy, welfare and rehabilitation of Tribal children.

Smt. Asifa Khan

Smt. Asifa Khan

Smt.Asifa Khan is an Independent Director on the Board of HPCL.

A graduate in English Literature, Smt.Asifa Khan has a vast experience in Print & Electronic media journalism, representation and analysis.

She holds deep interest in social welfare and upliftment of the weaker sections of the society.

Shri G.V. Krishna

Shri G.V. Krishna

Shri G.V. Krishna is a Chartered Accountant, apart from being a Bachelor in Commerce from Bangalore University. He completed his Chartered accountancy in 1988 and has been in Practice since then. G.V. Krishna is advisor to major Industrial Groups in Karnataka as a Strategic and Business Advisor and also Counsels other Chartered Accountants in technical areas of practice, including in Banking, Tax and Regulatory matters. Exposed extensively to the Rural and Co-operative Sector, he has also been an Independent Director on the Karnataka Apex Cooperative Bank. His experience in Statutory, Internal and Bank Audits covers over 3 decades and includes many large Private Organizations and Public Sector Banking Entities. G.V. Krishna is also a Founder Trustee of the Forward Foundation which focuses on sustainable environment and Solid Waste Management issues. A regular speaker across professional forums, G.V. Krishna also takes special interest in Counselling and Motivating Rural Youth on Entrepreneurship and Self-employment avenues.

DR. T.N. Singh

DR. T.N. Singh

Professor Singh has been appointed as Independent Director on the HPCL Board with effect from March 20, 2017. Professor T N Singh aged 55 years is Institute Geoscience Chair Professor in IIT, Bombay. He has made innovative and substantial contribution in several fields of Geosciences. He is well-known in the area of Engineering Geology, Rock mechanics on account of his pioneer work in Rock-Mechanics and Petrophysics, Establishment of Rock Indices, Triaxial and Post Failure Behaviour of Rocks, Dynamic and Static Properties of Rocks, CO2 Sinking, Natural Hazard and Climate Change etc.

Prof. Singh’s noteworthy contribution in the area of ground vibration due to blasting and slope stability has earned him recognition between the earth scientists and engineers. He has made prominent contribution to the design of blast for improved fragmentation. He has established Equivalent Material Modeling technique for simulating various Geo-mining problems to resolve some of the outstanding problem for optimum resource recovery.

He has received several recognition like National Geoscience Award, First P N Bose Mineral Award, S Rakshit Rock Mechanics Award, Prof Gopal Rangan Award and many more.

He has published more than 300 research papers in various journals and 112 Conference Papers. Dr Singh has edited 12 books published from reputed publishers from India and abroad. He is a Member of various Government Committee like Department of Science & Technology, BARC, Ministry of Commerce, Ministry of Railways etc.

Shri Amar Sinha

Shri Amar Sinha

Shri Amar Sinha has been appointed as Independent Director on the Board of HPCL effective September 21, 2017.

Shri Amar Sinha joined the Indian Foreign Service in 1982. He is an Economics Graduate from Patna University and has worked with the State Bank of India for over two years before joining the Indian Foreign Service.

During his diplomatic career, he has served in various capacities in Algiers (1983-87), Buenos Aires (1987-90), in the Ministry of External Affairs as Private Secretary to Minister of State for External Affairs, Chemicals & Fertilizers, Parliamentary Affairs and Department of Electronics and Ocean Development from July 91 to May 96. He then served as Director (BSM) in Ministry of External Affairs from June 1996 to July 1997 and as OSD to Ministry of State for External Affairs from July 1997 to April 1998.

He also held diplomatic positions in Indian Missions in Washington DC (1998-2001) Jakarta (2001-2004) and Brussels (2004-2007) before being appointed India’s Ambassador to Tajikistan (April 2007 to July 2010).

During his last tenure in India (2010-2013), he was on deputation to the Ministry of Commerce and Industry and served as Joint Secretary in the Trade Policy Division and the RMTR Division handling WTO related matters and issues relating to multilateral economic negotiations.He also oversaw India’s participation in multilateral for a such as UNCTAD, APTA, BIMSTEC, G20, IBSA, BRICS etc.

After completion of his assignment in Kabul successfully as Ambassador of India to Afganistan (June 2013 to January 2016), he has assumed the charge of the post of Secretary (Economic Relations) in the Ministry of External Affairs, New Delhi, on January 15, 2016. His charge includes Development Partnership, Africa and countries in the Gulf and West Asia.

He speaks Hindi, English, French and Spanish and is familiar with Dari. His interest includes travelling, sports, reading and playing Bridge, tennis and Golf.

Shri Siraj Hussain

Shri Siraj Hussain

Shri Siraj Hussain has been appointed as Independent Director on the Board of HPCL effective September 21, 2017.

Shri Siraj Hussain joined the IAS in 1979 and was allotted Uttar Pradesh Cadre. He served the Government of Uttar Pradesh in various capacities including District Magistrate, Hardoi; Managing Director, UP State Industrial Development Corporation; Managing Director, UP Agro Industries Corporation and Registrar of Cooperative Societies. He was posted in the State Secretariat in the Departments of Energy, Education and Panchayati Raj. He was also Secretary to Chief Minister of UP.

He has served the Government of India in various capacities including Deputy Managing Director, National Cooperative Development Corporation; Joint Secretary in Department of Food and Public Distribution and Chairman-cum-Managing Director of Food Corporation of India (FCI). From 2000 to 2005 he served as Vice-Chancellor of Jamia Hamdard University in New Delhi.

In the Department of Food & Public Distribution, he formulated the scheme for attracting investment from private sector in warehousing sector, popularly known as Private Entrepreneurs Guarantee Scheme (PEG) 2010. About 16 million tonnes of storage capacity has been sanctioned so far, out of which 13.60 million tonnes has been completed and another 1 million tonnes is under construction. The storage problem of the country for central pool stocks has thus been successfully addressed in most States. However, there is still shortage of storage capacity in some districts of eastern and north eastern states. All this investment has been made by private sector and FCI has only given guarantee for payment of rent for ten years.

From May 2013 to February 2015, he served as Secretary to Government of India, in the Ministry of Food Processing Industries (MoFPI). He took up the issue of complexity of FSSAI’s regulations for granting product approval for proprietary food products. FSSAI has finally abolished the system of granting product by product approval. Several mega food parks and cold chain projects were sanctioned in this period.

He was posted as Secretary, Agriculture, Co-operation & Farmers Welfare in February, 2015. The scheme of for setting up of National Agriculture Market by creating an electronic platform for e-trading of agricultural commodities was formulated under his supervision. The PM Fasal Bima Yojna was also prepared under his guidance. It is envisaged that insured area will increase from about 20% in 2014-15 to 50% by 2018-19.

In January 2016, he was awarded Doctorate in Philosophy (honoris causa) by Acharya NG Ranga Agricultural University, Andhra Pradesh in recognition of his contributions for advancement of Agriculture.

He retired from Govt service in January 2016. He is presently a Visiting Senior Fellow with ICRIER. He has been researching and writing on various issues of agriculture sector including crop insurance, futures market of agricultural commodities, streamlining of food subsidy through DBT and state agriculture reports of some states. He is also a contributor to Indian Express and Financial Express with Dr Ashok Gulati.

Contact Details-

Office Of Email / Link Tel.
1. Chairman & Managing Director cmd(at)hpcl[dot]in 022-2286 3600
2. Director – Finance corphqo(at)hpcl[dot]in 022-2286 3601
3. Director – Human Resources corphqo(at)hpcl[dot]in 022-2286 3613
4. Director – Refineries corphqo(at)hpcl[dot]in 022-2286 3603
5. Director – Marketing mktghqo(at)hpcl[dot]in 022-2263 7404
6. Government Directors http://petroleum.nic.in/funmini.htm External Website that opens in a new window
7. All Other Directors
c/o Company Secretary,
Hindustan Petroleum Corp Ltd,
Petroleum House, 17,
Jamshedji Tata Road,
Mumbai 400020
shrikantb(at)hpcl[dot]in 022-2286 3611


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