Hindustan Petroleum
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Hindustan Petroleum is a Fortune 500 company. It is placed in 1112nd position in 2008 Forbes Global 2000 list. In last financial year its yearly turnover was about $25,142 million and in financial year 2006-07, its yearly turnover was 20,892 million dollars.
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Hindustan Petroleum runs two oil refineries in Mumbai, which has a capacity of 5.5 million metric tonnes per annum and Vishakapatnam, which has a capacity of 7.5 million metric tonnes per annum. It also has ownership of biggest lube refinery of India. It has a capacity of 335 million tonnes per annum.
Brief history
Hindustan Petroleum was established in 1952. Its original name was Standard Vacuum Refining Company of India Limited. It became ESSO Standard Refining Company of India Limited. Hindustan Petroleum was a result of a merger and acquisition of Lube India Undertaking and Esso in 1974.
Products and services
Hindustan Petroleum offers different products in various segments – retail, bulk fuels and specialities, LPG and lubes. In retail section Hindustan Petroleum offers products like Auto LPG, i-mint loyalty card, Club HP Smart 1 Card, Petrol Pump Dealership, CNG, Power, Debit Card, Power 93, Drive Track Card, TurboJet and HPCL Credit Card.
In bulk fuel and specialties section Hindustan Petroleum provides products like bitumen, marine lubes, fuels, special products, marine – bunker fuels and superior kerosene oil – NC. In lubes section Hindustan Petroleum deals in HP Hylube Milcy, HP Multipurpose Grease, HP Koolgard, HP Petrol Plus, HP Koolgard P, HP Pumpset Oil 20W – 40, HP Laal Ghoda 20W – 40, HP Racer 2 Low Smoke, HP Laal Ghoda AP Grease, HP Racer 4, HP Laal Ghoda Gear Oil EP 9C, HP Super Duty Brake Fluid Dot – 4, HP Laal Ghoda Tractor Oil 40, HP Super Engine Oil MG 20W, HP Milcy Power 15W – 40, HP Thanda Raja, HP Milcy Toofan 15W 40 and HP Wheel Bearing Grease.
Financials
In 2007, Hindustan Petroleum had earned $20.48 billion and made profits worth $0.39 billion. Assets held by Hindustan Petroleum were worth $7.59 billion and its present market value is about $2.54 billion.
Awards and recognition
Hindustan Petroleum has won a considerable number of awards and recognition for its products and services. It won ENCON Award and 'Forecourt Retailer of the Year' award in 2007. It has won Silver Trophy at EMPI-Indian Express Indian Innovation Awards. It has won Asian CSR Awards 2007 for best work place practices.
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