Hindustan Petroleum Corporation Limited is a public sector undertaking and a significant player in India’s energy landscape. It is a leading corporation in the petroleum and natural gas industry. The company is a subsidiary of Oil and Natural Gas Corporation, and it is owned by the Government of India. HPCL manages a huge network of natural gas, such as refining, marketing and distribution of petroleum products. The corporation has a massive pan-India footprint and serves millions of customers across India.
Hindustan Petroleum – Overview
| Particulars | Details |
| Company Name | Hindustan Petroleum Corporation Limited |
| Industry | Oil and Natural Gas |
| Type | Public Company |
| Founded | 5 July 1952 |
| Founder | Government of India, subsidy of ONGC |
| Headquarters | Mumbai, Maharashtra, India |
| Chairman & M.D | Mr.Vikas Kaushal |
| Listed – Stocks | Both in NSE and BSE. |
| Core Business | Refining, Marketing, and Distribution of Petroleum Products |
| Presence | Pan India with retail outlets – nearly 25,000 |
| Official Website | www.hindustanpetroleum.com |
Net Worth and Market Cap
Hindustan Petroleum Corporation Limited shows a steady growth and improvement in terms of finance. The company is a leading corporation in the manufacturing and distribution of petroleum products. As of 2026, the market capitalization of Hindustan Petroleum Corporation Limited is 88,000 – 92,000 crore as per market scale.
HPCL is a subsidiary of Oil and Natural Gas Corporation, and ONGC holds a majority stake in the company. As per the latest available data, HPCL’s net worth is estimated at 51,000 crore.
Corporate Leadership
The board of HCPL is appointed by the Government of India through the Ministry of Petroleum and Natural Gas. Shri Vikas Kaushal, the current managing director and chairman of the corporation, is the first-ever leader from the private sector to head state owned oil refinery. The other key members of the board are a mix of government nominees, functional and independent directors.
Overview of Services
HCPL services can be broadly classified into three main categories. Its services fall under the heads of refining operation (processing & production), Marketing & Distribution (Retail & logistics) and new energy. The corporation, under its net-zero 2040, has scaled up its non-fossil fuel operations.
Scale of Operations
HCPL is the second largest state-run refiner in India with multiple refiners operating in states like AP, Maharashtra, Rajasthan and Punjab. The corporation’s production capacity stands at approximately 35.8 MMTPA. It also operates nearly 25,000 retail outlets across Indian serving millions of customers through a network of 6,000 + distributors.
