[Kavita]

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Hii sir, I Wants to get the Information About the Establishment of the HPCL Will you Please Provide It ?

[prince karak]

Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies and a strong marketing infrastructure

About the Establishment

HPCL was incorporated in 1974 after the takeover and merger of erstwhile Esso Standard and Lube India Limited by the Esso (Acquisition of Undertakings in India) Act 1974

In 2003, following a petition by the Centre for Public Interest Litigation (CPIL), the Supreme Court of India restrained the Central government from privatising Hindustan Petroleum and Bharat Petroleum without the approval of Parliament.

As counsel for the CPIL, Rajinder Sachar and Prashant Bhushan said that the only way to disinvest in the companies would be to repeal or amend the Acts by which they were nationalised in the 1970s

Operation :
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (West Coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Visakhapatnam, (East Coast) with a capacity of 8.3 MMTPA.

Refinery

Mumbai Refinery: 7.5 million metric tonnes (MMT) capacity
Visakhapatnam Refinery: 8.3 MMT at Visakhapatnam
Mangalore Refinery Petrochemicals Ltd.: 9.69 MMT at Mangalore, Karnataka (HPCL has a 16.65% stake).
Guru Gobind Singh Refinery: 9 MMT at Bathinda, Punjab (HPCL and Mittal Energy each have a 49% stake).
Barmer Refinery: It is planned for 9 MMT capacity. It is a joint venture with the Rajasthan Government