HPCL, a Navratna Public Sector Undertaking and a Forbes 2000 and Global Fortune 500 company, is one of the largest oil refining and marketing organisations in India.
HPCL owns and operates two major refineries, producing a wide range of petroleum fuels and specialties, one in Mumbai (west coast) of 7.5 MMTPA capacity and the other in Visakhapatnam (east coast) of 8.3 MMTPA capacity. HPCL’s Lube Refinery accounts for 40% of India’s lube base oil production. It also holds 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 3,370 km and a vast marketing network consisting of 13 Zonal Offices and 106 Regional Offices facilitated by a supply and distribution infrastructure comprising terminals, pipeline networks, aviation service stations, LPG bottling plants, inland relay depots and retail outlets, and lube and LPG distributorships.
Mittal Energy Investments Pte Ltd, Singapore, is a subsidiary of Mittal Investments Sarl (‘MITTAL’), a Luxembourg incorporated company, which is ultimately beneficially owned by Mr. Lakshmi N. Mittal and family.
MITTAL had entered the energy sector in 2005 by forming a joint venture with Oil and Natural Gas Corporation (ONGC) of India to invest in E&P assets in selected countries.
Later it became 49% shareholder in HMEL through Mittal Energy Investments Pte Ltd.