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This is a research report on
International Marketing Management
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Hindustan Petroleum Corpn.Ltd.: History 1952 - The Company was incorporated in the name of Standard Vacuum Refining Company of India Limited on July 5, 1952 under the Indian Companies Act, VII of 1913. 1962
- On 31st March the name was changed to ESSO Standard Refining Company of India Limited. 1974 - On July 15th the name of the company was changed to its present name Hindustan Petroleum Corporation Limited., by virtue of Lube India and ESSO Standard Refining Company of India Limited Amalgamation Order 1974 dated July 12, passed by the Company Law Board, Department of Company Affairs, GOI, New Delhi and as published in the Gazette of India Extra-Ordinary GSR No.320(E) dated July 15. A certificate to this effect was issued by the Registrar of Companies, Mumbai on September 4th. 1976 - With the nationalisation of Caltex Undertakings in India the same were also taken over by the Government of India and subsequently merged with HPCL. 1979 - The undertakings of Kosangas Company Ltd. were merged with HPCL. As part of the disinvestment in PSUs, shares of HPCL were sold by the Government to Financial Institutions, Mutual Funds and Banks. Presently the Government holding in HPCL is 60.31%. The balance is being held by Financial Institutions, Mutual Funds, Banks, Foreign Institutional Investors, Employees and Individual Shareholders.
-It has co-promoted several joint ventures like Mangalore Refinery & Petrochemicals (MRPL), Hindustan Colas, Petronet India, Punjab Refinery Project, Visakh Power Project, Prize Petroleum Co & South Asia LPG Co. 1983 - The capacity of lube plant was increased by an additional 74,000 tonnes per annum of high viscosity index lube base stocks.
- The crude unit and related off-sites were commissioned in January and fluid catalytic cracking unit was commissioned in August. - During the year corporation embarked upon a project to expand the crude distillation capacity at Mumbai by 2 million tonnes per annum at an estimated cost of Rs.45 crores. This project was commissioned in April. 1988 - Mangalore Refineries & Petrochemicals Ltd., is the first joint sector refinery being set up in the country after the Government has allowed entry of the private sector in the petroleum refining industry. 1989 - During the year corporation installed the latest C-generations concept 3*10 MW gas turbines to meet the power requirement at Bombay Refinery with facilities to generate steam simultaneously. 1991 - During September 3*10 MW gas turbine generators and heat recovery steam generators were commissioned at a cost of Rs.79.22 crores at Mumbai. 1993 - During March an MOU was entered into between Govt. of India and Govt. of Sultanate of Oman, HPCL and Oman Oil Co., Ltd., for setting up 6 million TPA refinery on the West Coast of India through a joint venture company called Hindustan Oman Petroleum Co. Ltd. 1994 - In March 1993, an MOU was signed between the Government of India, HPCL, Government of Sultanate of Oman and Oman Oil Company to form a Joint Venture Company. Accordingly, on March 4, Hindustan Oman Petroleum Company Ltd. (HOPCL) was incorporated. The project is estimated to cost approx. Rs. 4426 crores (at June prices) and both promoters will have a 26% stake each in the equity. - A Memorandum of Understanding has been was signed on May 24th between HPCL and Colas S.A., France for implementing a project for setting up a Bitumen Emulsions plant. This was followed by execution of the Joint Venture agreement on November 25th. It is proposed to form a Joint Venture Company (JVC) in the name of `Hindustan Colas Limited' in the State of Maharashtra with equal equity participation from HPCL and Colas S.A., France.
- During the year, the company entered into a tie up with Exxon, a leading oil company for blending and marketing EESO brand of lubes. 1995 - During February, the company issued 173,50,000 equity shares of Rs.10 each with detachable warrants of Rs.380 each as follows. - a. On firm allotment basis: - i) 34,70,000 equity shares with warrants to Indian Financial institutions - ii) 3,35,000 shares with warrants to Indian Mutual Funds. - b. Preferencial allotment basis: - i) 17,35,000 shares with warrants to share to employees - ii) 17,75,000 shares with warrants to shareholders of the company, - iii) 34,70,000 shares with warrants to NRIs, balance 66,05,000 shares were issued to the public. - During the year company entered into a MOU with Saudi Arabian Oil Co.(Saudi Armaco) for setting up a 1 million tonnes p.a refinery Punjab. Armaco would contribute to the extent of 26% in the equity capital of the company. - During the year company proposed to undertake petrochemical production from feedstock available from the refineries. The petrochemicals planned were paraxylene/PTA, polyisobutylene and acrylonitrile. - During the same year the company undertook to provide thermal power from surplus heavy fuel oil. The proposed joint venture is to set up 500 MW power plant an estimated cost of Rs.1865 crores. 1996 - During the year March a joint venture with Colas S.A of France, the company commenced its first State-of-the-art Bitumen emulsion Plant of 20,000 TPA capacity at Vashi, named Hindustan Coalas Ltd. 1997 - A new Terminal was commissioned at Kakinada with 30000 KL Tankage and allied facilities at a cost of Rs. 15.06 crores.
- Hindustan Petroleum Corporation Limited (HPCL) is contemplating setting up 30 more LPG bottling plants over the next five years. - HPCL is converting the detachable warrant into equity shares of Rs.10 at a premium of Rs.330 per share. Through this conversion of warrant company is raising Rs.589.90 crore. The amount will be payable in four instalments of Rs 85 each payable over a period of one year. - Each warrant is to be converted into one equity share at a price of Rs.340 a share. With the full conversion of warrants, the government of India holding HPCL's equity capital will be just over 51 per cent, ruling out further dilution in the company's capital in the near future. - HPCL has signed an MoU with the government for the execution of four projects, the Vizag refinery expansion project, Vizag-Vijaywada pipeline project, diesel hydro desulphurisation projects at Mumbai and Vizag and Punjab refinery project. - The ministry of petroleum and natural gas has set up an expert committee on 15th September, to enquire into the causes leading to the breakout of fire at HPCL's Vishakapatnam refining plant. - The joint venture between Hindustan Petroleum Corporation Ltd and its former parent before nationalisation, Esso, is on slippery ground. - Hindustan Petroleum Corporation Ltd signed a fuel supply agreement with a private firm which would set up a 100 MW liquid fuel based combined cycle power plant near Kengeri on the city outskirts. 1998 - Hindustan Petroleum Corporation Ltd (HPCL) has signed a commercial agreement with Kondapalli Power Corporation Ltd (KPCL) for the supply of naphtha for the latter's 355MW combined cycle power generation unit at Kondapalli in Krishna district of Andhra Pradesh. - Hindustan Petroleum Corporation Ltd (HPCL) has awarded the contract to build the refinery to South Korea's Hyundai Heavy Industries. - Hindustan Petroleum Corporation (HPCL) is believed to have signed an agreement with Esso Mauritius for marketing the latter's range of lubricating oils here. - Hindustan Petroleum Corporation Ltd (HPCL) has set up a joint venture company with domestic financial institutions (FIs) for oil and gas exploration both in the country and abroad.
- Hindustan Petroleum Corporation Limited has commissioned its state-of-the-art modern LPG filling plant at Usar, Alibagh. - State owned Hindustan Petroleum Corporation's (HPCL) joint venture with Aditya Birla Group, Mangalore Refineries and Petrochemicals Ltd (MRPL), is keen to set up an independent marketing network. 1999
- American Express and Hindustan Petroleum Corporation has signed a memorandum of understanding (MoU) for card acceptance at various gas stations. - Hindustan Petroleum Corporation Ltd (HPCL) and Gas Authority of India Ltd (GAIL) have entered into an agreement for setting up a liquefied petroleum gas (LPG) pipeline and infrastructure from Visakhapatnam to Secunderabad via Rajamundry and Vijayawada. - The Foreign Investment Promotion Board (FIPB) has allowed the joint venture of Hindustan Petroleum Corporation (HPCL) and Total of France, to set up LNG terminals and venture into downstream activities such as marketing of petro-products, etc. - Hindustan Petroleum Corporation Ltd (HPCL) is celebrating its silver jubilee year with "Shakti Utsavs" in major Indian cities. 2000 - Scheme of amalgamation of Industrial Perfumes Ltd. with the company is effective from 9th February, with retrospective effect from 1st January, 1999. - The Company signed a confidentiality agreement with Totalfina of France to look at downstream areas, including retailing, once the domestic oil sector is opened up. - The Company has decided to float a joint venture information technology company for its e-commerce and other internet based services foray. - The Company will set up a Rs 2900 crore power project in Visakhapatnam as part of the company's difversification strategy. - HPCL has signed a business initiative with internet service provider (ISP) Satyam Infoway Ltd. to set up more than 200 cyber cafes at its retail outlets across the country. - Pepsi has entered its second cyberspace venture forging a tie-up with Satyam and the company as the official beverages supplier for their "Speednet project".
- Mangalore Refinery and Petrochemicals, the joint venture between Hindustan Petroleum Corporation and the AV Birla Group of companies, is all set to sign a memorandum of understanding with Kuwait Petroleum Corporation for joint efforts in the downstream sector. - There was a fire blast in the Refinery at Malkapuram Near Visakhapatnam, on 17th August. - India's largest private Internet Service Providers, Satyam Infoway and Hindustan Petroleum Corporation Ltd. have forged an alliance to set up cyber kiosks at various petrol pumps across the country. - Hindustan Petroleum Corporation Ltd. has entered the Bangladesh lubricants market with a range of its diesel engine and motor oil. - Hindustan Petroleum Corporation Ltd. along with ZIP Telecom, front-end operator of Hughes Ispat, will set up public access telephone booths at HPCL retail outlets across Maharashtra. - The Company has set up two regional offices in Jamshedpur as part of its strategy to focus on improving services. - A subsidiary company "Guru Gobind Singh Refineries" has been incorporated on Dec 2000. Land admeasuring approx. 2000 acres has been acquired. - GOI is the major shareholder in the company with 51% stake.
2001 - Hindustan Petroleum Corporation Ltd. has introduced its smart card in Bangalore for the first time in the country. 2002 - Hindustan Petroleum Corporation Ltd has informed that the Government of India has appointed Shri Arun Balakrishnan as Director-Human Resources of the Corporation. -M B Lal appointed as Chairman & M D of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri Naresh Narad, Special Secretary, Ministry of Petroleum & Natural Gas has ceased to be a part time ex-officio Director of the Corporation with effect from November 11, 2002 consequent upon his movement from Ministry of Petroleum & Natural Gas, as Secretary, Ministry of Heavy Industries & Public Enterprises.
-M S Srinivasan appointed as part-time ex-officio Director on the Board of HPCL. -Hindustan Petroleum Corporation Ltd has informed that Shri S D Gupta, Director (Finance) of the corporation passed away on December 26, 2002 after a brief illness. - Approves Mangalore Refinery & Petrochemicals Ltd. (MRPL) control to Birlas - HPCL is introducing a new system at its 6,000-odd retail outlets across the country. The Company plans to set up facilities enabling customers to buy original spare parts and accessories for the car - Ties-up with Gas Authority of India Ltd (Gail), Oil and Natural Gas Corporation (ONGC) to purchase LPG - Ties up with Lubrizol for its own brand of high-performance petrol, branded 'Power' - Unveils branded petrol, diesel (Power & Turbojet respectively) - HP unveils new retail brand - 'Club HP' through which it intends to offer quality personalised vehicle and consumer care through select outlets - FedEx inks one-year agreement with HPCL to set up transportation services at HPCL's 100 "Club HP" retail outlets in eight cities in the country - HPCL and GAIL sign agreement for formation of new JV Company to distribute and market environmentally friendly fuels in and around the cities of Andhra Pradesh 2003 - Cabinet Committee on Disinvestment (CCD) decides to divest 34.01 per cent equity in Hindustan Petroleum Corporation Ltd (HPCL) to a strategic partner - Govt fixes Rs 2,500-cr net worth for HPCL bidders - Forges alliance with Chennai-based KwickTel Communications to launch vehicle tracking system - HPCL shareholding in Mangalore Refinery and Petrochemicals Ltd (MRPL) dips to 16.89% consequent to MRPL Debt Restructuring Arrangement - TotalFinaElf withraws from the race for acquiring the 34 per cent stake in Hindustan Petroleum Corporation Ltd (HPCL) - HPCL becomes the second largest firm in terms of sales with a turnover of over Rs 50,000 crore
- Launches loyalty Plan for its LPG Consumers - Launches a new scheme where in the LPG (liquefied petroleum gas) delivery boys will carry portable weighing scales, so that HP customer can measure the Gas contend in cylinder before receiving it - Unveils a high-octane petrol brand in the market named as 'Power '93' - Ties up with Chevron for Aviation Turbine Fuel (ATF) business - Government of India appoints Mr. C Ramulu as Director - Finance of the Corporation - Signs agreement with Oil & Natural Gas Corporation (ONGC ) for sourcing crude oil ---HPCL bags eighth slot among `Top 10' in Asiamoney's corporate governance poll on Asian companies in the energy sector. And joined the club of a select few Asian companies. -Unveils Smart Card which a customer could use to pay for petrol or diesel bought at HPCL's outlets 2004 -HPCL - Marketing Initiatives in Sri Lanka - Hindustan Petroleum Corporation Ltd (HPCL) has formed a 50:50 joint venture with Total Gas and Power India (TGPI), a wholly-owned subsidiary of Total France, to develop the biggest underground 'Cavern LPG Storage' project at Visakhapatnam -Gets award for industrial safety by National Safety Council, Kerala Chapter in chemical industries sector -Inks pact with Shell India Private Ltd for product and infrastructure sharing between the two companies -Signs agreement with US Pizza, a pizza outlet, which would be opening over 500 delivery units at HPCL's outlets around the country. The understanding is aimed at making the partnership the largest food chain in the country -Mr S. Roy Choudhary has been appointed as Director-Marketing in Hindustan Petroleum Corporation Ltd (HPCL), effective May 10 -Hindustan Petroleum Corporation Ltd on June 26 signed a memorandum of understanding with Indian Oil Corporation Ltd
-Birla Power Solutions, a Yash Birla Group company, has tied up with Hindustan Petroleum Corp Ltd (HPCL) to produce electricity generators, which run on LPG -HPCL launches unique smart card -Hindustan Petroleum Corporation signs MoU & Confidentiality agreement with Chevron Texaco 2005 -HPCL signs MoU with RCF (Rashtriya Chemicals Fertilisers Ltd ) -HPCL ropes in Sania Mirza to endorse retail brands -Pizza Corner forges alliance with HPCL -Amex, HPCL unveils co-branded credit card -HPCL opens new LPG bunk in Visakhapatnam -HPCL partners with MSFCL for bio-diesel venture -HPCL signed an agreement with BP plc (formerly known as British Petroleum) to form 50:50 strategic joint venture partnership -HPCL signs MoU with Gail on November 16, 2005
2006 -HPCL, MyTVS unveils MyTVS Club HP Smart1 cards -HPCL signs MoU with SINOPEC -HPCL join hands with Malbro Appliances to market LPG stoves -Kamat Group joins hand with HPCL for food joints -Nirlep Appliances Ltd, manufacturer of cookware, has entered into a marketing pack with HPCL for marketing non-stick cookware, regular inner and outer lid pressure cookers and gas stoves.
From Wikipedia, the free encyclopedia
Jump to: navigation, search Hindustan Petroleum Corporation Limited
Type Founded Headquarters Key people Industry Products Revenue Employees Website
PSU (Trading on BSE & NSE) 1976 Mumbai, India Mahesh B. Lal, Chairman & MD Petroleum Oil , LPG $17.106 Billion USD (March 2006) ~10,778 (2006) www.hindustanpetroleum.com
Hindustan Petroleum Corporation Limited (HPCL) is India's second largest oil company and one of the largest PSU companies in terms of revenue. As the name suggests its interests are in Petroleum sector. It is involved in the refining and retailing of petroleum products.
• • • •
1 Products 2 Refineries 3 International Rankings 4 External Links
1. 2. 3. 4. 5. Petrol Diesel Auto Lubricants LPG Aviation Turbine Fuel
HPCL has a number of refineries in India. Some are listed below: 1. Mumbai Refinery - 5.5 Million Metric Tonnes (MMT) Capacity 2. Vizag Refinery - 7.5 MMT
 International Rankings
1. HPCL is a Fortune Global 500 company as per the ranking of 2006. It was ranked at position 378. 2. HPCL was featured on the Forbes Global 2000 list for 2005 at position 1189
 External Links
1. www.hindustanpetroleum.com 2. HPCL on Fortune Global 500 3. HPCL on Forbes 2000 List
This Indian corporation, company, Cooperative, NGO or Public Sector Undertaking article is a stub. You can help Wikipedia by expanding it. Retrieved from "http://en.wikipedia.org/wiki/Hindustan_Petroleum" Categories: Indian company stubs | Oil and gas companies of India | Companies based in Mumbai | Companies listed on the Bombay Stock Exchange
Global fortune \
Hindustan Petroleum Rank: 378 (2005 rank: 436) Employees: 10,778
CEO: Mahesh B. Lal Address: 17 Jamshedji Tata Rd., Mumbai, 400020 Phone: 91-22-2286-3000 Website: http://www.hindustanpetroleum.com $ millions% change from 2004 Revenues 17,106.4 21.2 Profits 102.2 -67.6 Assets 5,798.7 -Stockholders' Equity 1,942.9 -Industry: Petroleum Refining Rank Company 500 rank Revenues ($ millions) 1 Exxon Mobil 1 339,938 2 Royal Dutch Shell 3 306,731 3 BP 4 267,600 4 Chevron 6 189,481 5 ConocoPhillips 10 166,683 6 Total 12 152,361 7 Sinopec 23 98,785 8 ENI 27 92,603 9 PDVSA 35 85,618 10 China National Petroleum 39 83,557 11 Pemex 40 83,382 12 Valero Energy 44 81,362 13 Statoil 70 61,033 14 Marathon Oil 77 58,958 15 Repsol YPF 84 56,424 16 Petrobrás 86 56,324 17 SK 111 47,143 18 Lukoil 115 46,284 19 Nippon Oil 118 45,071 20 Petronas 120 44,280 21 Indian Oil 153 36,537 22 Sunoco 187 31,176 23 Idemitsu Kosan 237 25,370 24 Nippon Mining Holdings 257 23,615 25 Hess 263 23,255 26 PTT 265 23,109 27 Cepsa 322 20,114 28 OMV Group 334 19,389 29 Cosmo Oil 337 19,100 30 Reliance Industries 342 18,773 31 Rosneft Oil 367 17,670 32 Bharat Petroleum 368 17,614 33 Hindustan Petroleum 378 17,106 34 Tesoro 406 16,473
From the July 24, 2006 issue Footnote: Figures are for fiscal year ended March 31, 2006. Government owned 50% or more. Revenues : Excise taxes have been deducted.
How the Countries Stack Up Country Number of Global 500 Companies United States 170 Japan 70 Britain, France (tied) 38 See the rest Biggest employers Company 2005 number of employees Wal-Mart Stores 1,800,000 China National Petroleum 1,090,232 State Grid 844,031 See the rest Most profitable companies 2005 Profits Company ($ millions) Exxon Mobil 36,130 Royal Dutch Shell 25,311 Citigroup 24,589 See the rest Top 5 in Asia 2005 Revenues ($ Company millions) Toyota Motor 185,805 Sinopec 98,784 Nippon Telegraph & Telephone 94,869 Honda Motor 87,510 State Grid 86,984 See the rest
Abt the co. who r we HPCL a Fortune 500 company, with an annual turnover of over Rs 74,044 crores, 20% refining &
marketing share in India and a strong market infrastructure. The Corporation operates 2 major refineries producing a wide variety of petroleum fuels & specialities, one in Mumbai (West Coast) of 5.5 MMTPA capacity and the other in Vishakapatnam (East Coast) with a capacity of 7.5 MMTPA. HPCL holds an equity stake of 16.95% in Mangalore Refinery & Petrochemicals Limited, a state-of-the-art refinery at Mangalore with a capacity of 9 MMTPA. In addition, HPCL is progressing towards setting up of a refinery in the state of Punjab. HPCL also owns and operates the largest Lube Refinery in the country producing Lube Base Oils of international standards. With a capacity of 335,000 Metric Tones this Lube Refinery accounts for over 40% of the country's total Lube Base Oil production. The vast marketing network of the Corporation consists of Zonal offices in the 4 metro cities and 85 regional offices facilitated by a supply & distribution infrastructure comprising Terminals, Aviation Service Stations, Bottling Plants, and Inland Relay Depots & Retail Outlets. The Corporation over the years has moved from strength to strength on all fronts. Our refining capacity steadily increased from 5.5 million tonnes in 1984/85 to 13.82 million tonnes presently. On the financial front, the turnover grew from Rs. 2687 crores in 198485 to an impressive Rs 74,044 crores in 2005 - 06.
We believe Our mission "HPCL, along with its joint ventures, will be a fully integrated company in the hydrocarbons sector of exploration and production, refining and marketing; focusing on enhancement of productivity, quality and profitability; caring for customers and employees; caring for environment protection and cultural heritage. It will also attain scale dimensions by diversifying into other energy related fields and by taking up transnational operations." Vision 2020 To be a World Class Energy Company known for caring and delighting the customers with high quality products and innovative services across domestic and international markets with aggressive growth and delivering superior financial performance. The Company will be a model of excellence in meeting social commitment, environment, health and safety norms and in employee welfare and relations.
Our business Refineries products would not be available for growth and development of a nation. The two coastal refineries at Mumbai and Vishakhapatnam and one joint venture refining facility at Mangalore Refinery & Petrochemicals Limited have been sustaining almost 20% of India’s refining requirements. HPCL refineries upgrade the crude petroleum into many value-added products and over 300 grades of lubricants, specialties and greases. The Lubricating Oils Refinery set up at Mumbai is largest refinery in India. The refinery produces superior quality lube base oils. The offsite product handling facilities of refineries at Mumbai and Vishakhapatnam has been automated. Projects have been implemented and facilities upgraded to produce green fuels like unleaded petrol and low sulphur diesel. The refineries have been benchmarked by an international agency for various performance parameters. Numerous awards have been bestowed on both the refineries in recognition of the efforts in the field of energy conservation, environment and safety.
LPG its endeavour to improve the costumer satisfaction, HPCL has launched the ‘Ji Haan’, services in 2002, aimed at reinforcing a strong positive service orientation of HP Gas. . Basis research finding on customers apprehension on the weight of gas in cylinders, HP Gas has, since last year, provided weighing scales to all its delivery boys across the country, given the customer an option to weigh the cylinders at their doorsteps The Reticulated system or Piped LPG for domestic use is a value addition to customers, with a view to enhance safety, loyalty and uninterrupted supply of gas to households. In this direction, HPCL has successfully installed reticulated supply in Mumbai, Pune, Jaipur, Cochin, Delhi, Visakh, Hyderabad, Kolkata and Bangalore covering more than 1600 flats. Rural India is an emerging potential market and no business venture can afford to ignore it. However, the specific barriers to the penetration of LPG in rural India are cost - both one-time and recurring – nonavailability of LPG owing to a poor distribution system, easy availability of alternative, cheap fuel and
low level of product awareness and its benefits. HP GAS has charted out a detailed strategy to address all these barriers and entered rural markets with the launch of 5 Kg cylinders.. As part of its social commitment as a responsible corporate, HPCL has introduced an innovative scheme, HP GAS Rasoi Ghar or the concept of community kitchen, for the upliftment of the poorest of the poor by providing a common cooking platform for a village, where users have to pay only on the basis of the time utilized for cooking. This eliminates both the barriers of one-time high deposit as well as the recurring cost of refills. The company is already operating nearly 1024 such Rasoi Ghars across the country, benefiting more than 15,000 families. Moreover, stalls have been set up in major rural melas such as Pushkar Mela, Sonpur Mela and the like to increase awareness of the benefits of LPG. International Operations At the initial stages, the International Division started out with handling import facilitation for large consumer of Fuel Oils. The divisions also engaged in direct export of lubricating oils to countries like Nepal, Bangladesh, Malaysia, Sri Lanka and Saudi Arabia. In
order to expand its operations and tab export market, the Division has started appointing distributors for marketing to lubricating oils & specialty products. Presently, distributors in Nepal, Bangladesh & Sri Lanka are regularly marketing HP Products in these countries and we are actively looking at appointing distributors in Africa & Malaysia. With the rapid changes that are taking place in the Indian Petroleum scenario, the International Division is fast gaining a reputation in the markets. Apart from handling exports of surplus refinery products for HPCL, the International Division has started facilitation of Naphtha exports for the Oil & Natural Gas Commission (ONGC) and is actively seeking new opportunities. HPCL has exported bulk petroleum products such as Naphtha, Fuel Oils and Gasoline mostly to countries in Far East. Bulk Fuel & Specialities HPCL’s petroleum products cover numerous applications. From automobile, aviation marine and power plant fuels to being used in the manufacture of products such as fertilizers, carbon black, jute,
insecticides, cosmetics, edible oil, fabrics compact discs and medicines. We are the second largest producers of Bitumen in India with annual sales of more than 600 Thousand Metric Tonnes (TMT). Ongoing R&D to meet the fast changing and critical needs of costumers have resulted in several product improvements like rubber & polymer modified bitumen and emulsions. For over 25 years, HPCL has been providing fuelling services at all the major Indian ports. We are the marine lube partners of Total Lubrifiants, France , manufacturing and supplying the TOTAL brand of marine lubes. HPCL is one of the largest suppliers of fuel to state owned and Independent Power Plants (IPPs).We also cater to the Industries requirement of Specialities like Hexane, Solvents, MTO etc Lubricants The HP Engine Oils product range covers over 300 brands of lubricants, greases and specialities catering to the automotive as well as industrial sector. With consumers recognizing the importance of high quality lubricants in ensuring prolonged and trouble-free
operations, the demand for HP engine oils, gear oils, transmission oils, greases and other specialities have gone up appreciably over the years. Behind the success of HP Engine Oils lies years and years of research and technical expertise. They are engineered to meet the rigours of modern automobiles and the extreme service conditions of highly sophisticated industrial machines. HPCL has six lube blending plants at Mumbai, Calcutta, Chennai and Silvassa. Based on extensive market research, the lubes business unit has launched several new brands, which have become highly successful in the market. A large number of new industrial grades have also been introduced to meet specific requirements of industrial consumers. HPCL has also introduced a large number of Exclusive Lube Distributors who are accessing remote corners of the Bazaar trade. To cater to small volume customers, HPCL has recently launched CFAs Our market now rxtends to countries like Nepal, Sri Lanka, Bangladesh, Saudi Arabia and Malaysia.
Retail The HP Engine Oils product range covers over 300 brands of lubricants, greases and specialities catering to the automotive as well as industrial sector. With consumers recognizing the importance of high quality lubricants in ensuring prolonged and trouble-free operations, the demand for HP engine oils, gear oils, transmission oils, greases and other specialities have gone up appreciably over the years. Behind the success of HP Engine Oils lies years and years of research and technical expertise. They are engineered to meet the rigours of modern automobiles and the extreme service conditions of highly sophisticated industrial machines. HPCL has six lube blending plants at Mumbai, Calcutta, Chennai and Silvassa. Based on extensive market research, the lubes business unit has launched several new brands, which have become highly successful in the market. A large number of new industrial grades have also been introduced to meet specific requirements of industrial consumers. HPCL has also introduced a large number of Exclusive Lube Distributors who are accessing remote
corners of the Bazaar trade. To cater to small volume customers, HPCL has recently launched CFAs Our market now rxtends to countries like Nepal, Sri Lanka, Bangladesh, Saudi Arabia and Malaysia. Aviations HP Aviation offers into-plane fuel service at the major airports in India. Hindustan Petroleum’s Aviation Service Facilities, Intermediate Storage Installations and Laboratories handling Jet Fuel are approved and periodically audited by the Directorate General of Civil Aviation, Government of India (DGCA). HP Aviations installations at Mumbai, Delhi, Chennai, Kolkata, Cochin and Calicut are certified to the ISO 9001:2000 standards.
Share Holder Information 1 53 rd Annual General Meeting September 21, 2005 at 3.00 P.M. Date & Time
Venue Y.B. Chavan Auditorium, General Jagannath Bhosale Marg,Next to Sachivalaya Gymkhana, Mumbai – 400 021 2 Financial Calendar Financial Reporting for Quarter ending 30/06/05 End July, 2005 Financial Reporting for Quarter ending 30/09/05 End October, 2005 Financial Reporting for Quarter ending 31/12/05 End January, 2006 Financial Reporting for Quarter ending 31/03/06 End May, 2006 Annual General Meeting for the year ending 31/03/06 AugustSeptember, 2006 3 Book Closure (for Dividend 2004-05) September 6 - 21, 2005 4 Dividend Payment Date Final Dividend 2004-05 September 26, 2005 5 Listing of Stock Exchanges BSE The Stock Exchange, Mumbai, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400023. NSE National Stock Exchange of India, Trade World, Senapati Bapat Marg, Lower Parel, Mumbai 400013 DSE The Delhi Stock Exchange Assn.Ltd., DSE House, 3/1 Asaf Ali Road, New Delhi 110 002. CSE The Calcutta Stock Exchange Association Ltd., 7 Lyons Range , Kolkatta 700001 MSE The Madras Stock Exchange Association Limited, Exchange Building, 11, Second Line Beach, Chennai 600 001 6 Stock Code (ISIN) for dematerialised shares BSE 500104 NSE HINDPETRO ISIN (for trading in Demat form) INE094A01015 7 Dematerialisation of shares and liquidity The total number of shares dematerialised as on 31.03.2005 are 161724223 representing 97.28% of share capital excluding shares held by the Government of India. Trading in Equity shares of the Company is permitted only in dematerialised form, w.e.f. February 15, 1999 as per notification issued by the Securities and Exchange Board of India (SEBI). 8 Stock Market Data HPCL Share Price – BSE Year High(Rs.) Low(Rs.) 200405 538.50 225.55 2003-04 542.45 269.40 2002-03 329.60 166.50 2001-02 338.75 94.50 9 Performance in comparison to broad based indices As on HPCL Share Price (Rs) BSE 30 Sensex NSE 50 Nifty 31.3.2005 305.95 6492.82 2035.65 31.3.2004 507.60 5590.60 1771.90 31.3.2003 294.40 3048.72 978.20 31.3.2002 290.60 3469.35 1129.55 31.3.2001 160.60 3694.38 1148.20 10 Share Transfer System The Share Transfer work is being handled by Company’s R & T Agents, M/s. Intime Spectrum Registry Ltd.,Unit : Hindustan Petroleum Corporation Ltd., C-13 Pannalal Silk Mills Compound, Lal Bahadur Shastry Marg, Bhandup (W), Mumbai - 400078, Phone : 25963838, Fax : 25946969, who are also having connectivity with the depositories viz., NSDL and CDSL. The transfers are approved by the Share Transfers Committee. Share
transfers are registered and despatched within a period of 30 days from the date of receipt if the documents are correct and valid in all respects. The number of shares transferred during last two years: Year Numbers 2004-05 88905 2003-04 222090 11 Status of Investor Services Investor correspondence replied during the year are as follows: Nature of Correspondence Number Share Transfers and related issues 269 Transmissions of Shares/ Nomination for shares 354 Issue of Duplicate Share Certificates 110 Dividend related issues 2401 ECS/ Bank Mandates/ Request for Change of Address 3642 Call Money Payment Correspondence/ Reminders 2722 SEBI/ Stock Exchange/ Legal cases
Others 1185 Total – 10734
Year Particulars No of Shares Total No. of Shares Face Value per Share Total Share Capital Rs./ Crores 1973 Equity Shares (Before take over by Government of India)
1125000 20 22500000 1974 Issue of equity shares on takeover of ESSO Eastern INC & Amalgamation of Lube India Limited 100000 100000 1000 100000000 1978/79 Issue of equity shares to President of India on Amalgamation of CORIL 52000
152000 1000 152000000 1983/84 Issue of equity shares to President of India 250000 402000 1000 402000000 1985/86 Issue of Bonus shares to President of India (10:17) 236400 638400 1000 638400000 1991/92 Subdivision of equity shares 236400 63840000 10 638400000 1994/95 Issue of Bonus shares (2:1)
127680000 191520000 10 1915200000 1995/96 Public Issue - Phase I 17350000 208870000 10 2088700000 1997/98 Public Issue - Phase II (Warrant Conv.) 17350000 226220000 10 2262200000 1999/00 Issue of bonus shares(1:2) 113110000 339330000 10 3393300000
Other News Sources 1. 01.17.07 Mittal Investments may take 49 pct stake in India HPCL's new refinery report AFX 2. 09.21.05 India's HPCL to acquire 67 pct of Kenya Petroleum for 22 bln rupees report AFX 3. 11.23.05 France's Total close to taking 26 pct of India HPCL's Vizag refinery report AFX 4. 12.15.06 AFX NEWS BRIEFING: Oil and utilities highlights to 09:15 GMT AFX 5. 12.15.06 Amsterdam shares AFX at a glance outlook AFX
6. India's ONGC, UK's Cairn Energy drop plans for Rajasthan refinery - report 7:29 AM, 09.04.06, AFX 7. BP drops out of deal with Hindustan Petroleum - report 9:23 PM, 03.23.06, AFX
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8. BP confirms abandoning 3.0-bln-dlr Indian refinery deal 5:40 AM, 03.24.06, AFX 9. Paris shares close up after Alcatel merger news boosts tech stocks UPDATE 1:07 PM, 03.24.06, AFX 10. AFX NEWS BRIEFING: Oil and utilities highlights to 15:45 GMT 11:00 AM, 03.24.06, AFX 11. Paris shares slightly higher late afternoon on Alcatel merger news 10:48 AM, 03.24.06, AFX 12. Paris shares higher midday as Alcatel-Lucent merger talks lift market 7:29 AM, 03.24.06, AFX 13. AFX NEWS BRIEFING: Oil and utilities highlights to 09:15 GMT 4:30 AM, 03.24.06, AFX 14. India state oil firms drop out of bid for Singapore Petroleum stake - report 2:42 AM, 09.26.05, AFX
15. AFX NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST 5:35 AM, 09.21.05, AFX 16. AFX NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST 5:35 AM, 09.26.05, AFX 17. AFX NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 GMT 4:35 AM, 11.24.05, AFX 18.
AFX News Limited Mittal Investments may take 49 pct stake in India HPCL's new refinery - report 01.17.07, 11:26 PM ET HONG KONG (XFN-ASIA) - Mittal Investments, a Luxembourg-registered entity wholly owned by the family of India-born billionaire Lakshmi Mittal, may take a 49 pct stake in Hindustan Petroleum Corp Ltd's (HPCL's) 3 bln usd refinery now under construction at Bhatinda in Punjab, the Press Trust of India reported on its website. 'Mittal Investments and HPCL are close to signing a joint venture agreement for jointly building the 9 million tonnes a year Bhatinda refinery by 2011,' the news agency cited an industry source as saying. Oil India Ltd (OIL) is likely to get 15 pct stake inn the refinery, leaving HPCL with 36 pct, the report said. rc/
AFX News Limited India's HPCL to acquire 67 pct of Kenya Petroleum for 22 bln rupees - report 09.21.2005, 12:36 AM BOMBAY (AFX) - Hindustan Petroleum Corp Ltd (HPCL) is set to acquire 67 pct stake in Kenya Petroleum Refinery Ltd (KPRL) in a deal valued at around 22 bln rupees or about 500 mln usd, Business Standard reported. It said HPCL will also acquire 50 pct of the marketing rights of BP in the African company.
The newspaper cited sources as saying that HPCL will acquire the entire 50 pct stake of the Kenyan government and 17.11 pct of BP Africa in KPRL. Apart from the Kenyan government and BP, other shareholders of KPRL are Caltex with 15.77 pct stake and Shell with 17.11 pct, the report said. The marketing rights are held equally by BP Africa and Shell. HPCL is in the last lap of the due diligence process and will close the deal over the next fortnight, sources told the paper. HPCL's corporate communications department declined to comment, the report said. rc/ France's Total close to taking 26 pct of India HPCL's Vizag refinery - report 11.23.2005, 11:12 PM BOMBAY (AFX) - France's Total SA is close to acquiring up to 26 pct stake in Hindustan Petroleum Corp Ltd's (HPCL's) Visakhapatnam (Vizag) refinery, Financial Express reported. It quoted HPCL's chairman and managing director MB Lal as saying that 'we are in advanced discussions with Total to partner in our Vizag refinery. This would be an exportoriented refinery and would cost about 16,000 crore rupees(160 bln rupees).' HPCL and Total are expected to own 26 pct stake each in the Vizag project, while the remaining 48 pct will be offered to public through an IPO, the report said. The refinery, which will have a capacity to process 15 mln metric tonnes of crude per year, is expected to be commissioned by the end of 2011-12, it said. The equity participation will allow Total to enter petroleum retailing in India, since it would have invested more than the mandatory 20 bln rupees which is the minimum investment criteria to secure licence to retail petroleum products in the country, the newspaper noted. rc/ AFX News Limited AFX NEWS BRIEFING: Oil and utilities highlights to 09:15 GMT 12.15.06, 4:30 AM ET 2006-12-15 09:11:13
Shell oil installation attacked in southern Nigeria - sources LAGOS (AFX) - Armed men have attacked an oil installation belonging to the Royal Dutch Shell (nyse: RDSA - news - people ) company in Nigeria's volatile southern Niger delta region, industry sources said. 2006-12-15 08:47:12 Centrica to cut at least 610 jobs and take 300 mln stg exceptional charge LONDON (AFX) - The UK's largest gas supplier Centrica PLC is to cut at least 610 jobs and swell the ranks of its call centre staff, following the loss of almost one mln customers in the year to date. 2006-12-15 08:46:30 Ceramic Fuel to develop heating system with Gaz de France, De Dietrich Thermique LONDON (AFX) - Ceramic Fuel Cells Ltd, a manufacturer of solid oxide fuel cells, said it entered into an agreement with Gaz de France and De Dietrich Thermique to develop a micro combined heat and power (CHP) unit for the French residential market. 2006-12-15 08:37:34 Total has no comment on Angola's OPEC role or impact on company PARIS (AFX) - Total declined to comment on Angola's pending entry into OPEC or on the potential impact on the company of Angola's obligation as an OPEC member to limit oil production levels to those agreed by the organisation. 2006-12-15 08:33:52 Total says Dalia oil field off Angola coast is in production PARIS (AFX) - Total said the Dalia oil field off the Angola coast, which
will eventually produce 240,000 barrels per day, has entered production. 2006-12-15 08:32:48 DNO says Nov oil production down 5 pct from Oct; still up 4 pct yr-on-yr OSLO (AFX) - DNO ASA said its average oil production fell by about 5 pct to 13,826 barrels per day (bpd) in November due to an expected decline from its latest well in Yemen's Tasour Field, but that year-on-year production is still up about 4 pct. 2006-12-15 07:45:17 National Grid accepts Ofgem's 5yr transmission price control proposals LONDON (AFX) - National Grid PLC today said it accepted in principle Ofgem's final proposals on transmission price controls for the five years from April 2007. 2006-12-15 07:33:41 National Grid accepts Ofgem's 5-year transmission price control proposals LONDON (AFX) - National Grid PLC said it has accepted regulator Ofgem's final proposals on transmission price controls for the five years from April 2007. 2006-12-15 07:15:23 Centrica to cut 700 jobs and take 300 mln stg exceptional charge LONDON (AFX) - The UK's largest gas supplier Centrica PLC has told the market it is to cut 700 jobs at its retail arm, British Gas Residential Energy. 2006-12-15 07:06:14 Mittal Investments may partner HPCL in refinery, crude pipeline project- report
LONDON (AFX) - LN Mittal-owned Mittal Investments may partner India's Hindustan Petroleum Corp Ltd in its Bathinda refinery and crude pipeline project, marking the investment company's entry into oil refining, the Financial Express reported. 2006-12-15 02:14:03 CNOOC (nyse: CEO - news - people ), BP (nyse: BP - news - people ) to invest 100 mln usd to in South China Sea gas drilling program BEIJING (XFN-ASIA) - China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, will tie up with BP PLC to invest 100 mln usd in a drilling program involving five natural gas wells in South China Sea, the China Business News reported, citing sources. 2006-12-14 23:40:34 Oil prices rise above $62 a barrel WASHINGTON (AFX) - Oil prices rose above $62 a barrel Thursday after OPEC decided to keep its output steady for now but pledged to cut production in February by half a million barrels a day. 2006-12-14 23:29:09 WGL adjusts full-year, 4Q results WASHINGTON (AFX) - Utility parent WGL Holdings Inc. (nyse: WGL - news - people ) said Thursday net income for the fiscal year ended Sept. 30 was better than previously reported, due to two non-cash effects. 2006-12-14 23:17:41 Caltex Australia sees 2006 net profit 405-425 mln aud vs 414 mln
SYDNEY (XFN-ASIA) - Caltex Australia Ltd said it expects net profit this year on a replacement cost of sales basis to come in at 405-425 mln aud compared with last year's 414 mln before one-off items. 2006-12-14 23:11:31 5 oil and gas companies to pay royalties WASHINGTON (AFX) - Five oil and gas companies, including Shell, ConocoPhillips (nyse: COP - news - people ) and BP, have agreed to pay royalties on future production under flawed drilling leases in the Gulf of Mexico, the government said Thursday. For more information and to contact AFX: www.afxnews.com and www.afxpress.com
FX News Limited Amsterdam shares AFX at a glance outlook 12.15.06, 2:48 AM ET AMSTERDAM (AFX) - Shares are expected to open slightly higher in an extension of recent gains, underpinned by a higher overnight close on Wall Street, dealers said. Yesterday, the AEX closed 5.15 points or 1.05 pct higher at 493.94. FORTHCOMING EVENTS TODAY -Dutch Oct retail sales (8.30 am) TODAY'S PRESS -Mittal to invest 200 mln usd in RAB Capital hedge fund (Financial Times) -Mittal Investments may partner HPCL in refinery, crude pipeline project (Financial Express) -Stork might unwind structure if right acquisition came along - chairman (Financial Times)
-NYSE/Euronext merger faces no French legal obstacles (L'Agefi) COMPANY NEWS -Shell oil installation attacked in southern Nigeria - sources -Aalberts lodges appeal against EU fine, says will not take provision MARKET SENTIMENT -ABN Amro (nyse: ABN - news - people ) price target raised to 26 eur from 24 at Theodoor Gilissen, kept at 'hold' email@example.com ls/jlw COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited AFX News Limited AFX NEWS BRIEFING: Oil and utilities highlights to 09:15 GMT 03.24.2006, 04:30 AM 2006-03-24 08:56:57 Roc Oil starts drilling Australia's Jacala-1 wildcat well LONDON (AFX) - Roc Oil Co Ltd said it has started drilling a wildcat well in western Australia.
2006-03-24 08:53:22 Hong Kong-listed CNOOC Ltd 2005 net profit 25.32 bln yuan, up 57 pct
HONG KONG (AFX) - CNOOC Ltd reported a net profit of 25.32 bln yuan for 2005, up 57 pct from the 16.14 bln achieved a year earlier.
2006-03-24 07:14:44 Technip net cash position up 600 mln eur as convertible bonds redeemed early PARIS (AFX) - Technip said its net cash position has increased by 600 mln eur as the result of its call for the early redemption of convertible bonds issued in Jan 2002, which resulted in 99.94 pct of the bonds being converted.
2006-03-24 07:06:42 China's CNOOC 2005 revenue 87.4 bln yuan, up 23.3 pct BEIJING (AFX) - China National Offshore Oil Corp (CNOOC) said its 2005 revenues rose 23.3 pct to 87.4 bln yuan.
2006-03-24 04:04:55 China to rely on local innovation in nuclear power development - Xinhua BEIJING (AFX) - China will mainly rely on local innovation in its nuclear power development, the official Xinhua news agency reported, citing Chinese Premier Wen Jiabao.
2006-03-24 02:08:00 BP drops out of deal with Hindustan Petroleum - report HONG KONG (AFX) - BP said it has abandoned efforts to partner with India's state-run Hindustan Petroleum (HPCL), saying commercial opportunities were unattractive, the Financial Times reported.
2006-03-24 02:05:26 China's CNPC to spend 180 bln yuan on key refining projects in next 5 years BEIJING (AFX) - China National Petroleum Corp (CNPC), the country's largest oil producer, said it plans to spend over 180 bln yuan on the construction of key oil refining projects over the next five years.
2006-03-24 00:51:41 Venezuela sets back-tax deadline for Sincor CARACAS (AFX) - The Venezuelan government said it set a 15-day deadline for payment of back taxes for oil company Sincor.
For more information and to contact AFX: www.afxnews.com and www.afxpress.com
AFX News Limited India state oil firms drop out of bid for Singapore Petroleum stake - report 09.26.2005, 02:42 AM BOMBAY (AFX) - State-owned oil companies Indian Oil Corp Ltd, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have backed out of the race to pick up a stake in Singapore Petroleum Corp (SPC), the Financial Express reported, citing company officials. All these oil companies had initiated discussions with SPC for acquiring partial stake in the Singapore oil major, but are backing out of the deal because of the high prices quoted by SPC, the newspaper said. This is despite the fact that HPCL and BPCL also offered SPC equity participation in their proposed refineries in India, it said. 'We were in initial talks with SPC, but have not received encouraging response from them. We are in the process of identifying JV partners for our Punjab refinery and will finalise the deal by this year-end. This would be a broad-based partnership, where we would be working with them overseas,' HPCL's chairman chairman MB Lal was quoted as saying. Ashok Sinha, chairman and managing director, BPCL, told the paper that 'SPC is asking for a very high premium, which is not viable for us. We will focus more on 'farm in' opportunities overseas.' Indian Oil chairman S Behuria was quoted as saying that 'We were in talks with SPC, but nothing has materialised so far. Now, we are looking at across geographies for equity participation, which also include US, Europe and Africa.' rc/
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