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Petroleum House, 17 Jamshedji Tata Rd. Mumbai 400 020, India Tel. +91-22-2286-3900 Fax +91-22-2287-2992 |
Type: Public
On the web:
http://hindustanpetroleum.com
Employees:
10,949
Employee growth: 0.5%
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.
Key numbers for fiscal year ending March, 2008:
Sales: $24,139.7M
One year growth: 21.1%
Net income: $284.1M
Income growth: (21.5%)
Officers:
Chairman and Managing Director: Arun Balakrishnan
Director Finance: Shri B. Mukherjee
Director Marketing and Director: S. Roy Choudhury
Competitors:
Bharat Petroleum
Exxon
Indian Oil
