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Hindustan Petroleum Corporation Ltd (HPCL) is a Mega Public Sector Undertaking with Navratna status, primarily engaged in refining crude oil and marketing petroleum products. HPCL operates refineries in Mumbai and Vishakhapatnam, and has a vast network of installations, depots, aviation service stations, retail outlets, and LPG distributors. The company also has interests in petrochemicals, natural gas, renewables, and research and development. HPCL's major shareholder is Oil and Natural Gas Corporation Limited (ONGC), holding 54.90% of equity shares. The company has expanded its operations through joint ventures, subsidiaries, and international presence. HPCL's business segments include downstream petroleum and exploration and production of hydrocarbons. The company has been focusing on capacity expansion, infrastructure development, and diversification into new energy sectors.
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Company insights, generated from the most recent coverage.
Price freeze buckles near $120/bbl threshold; recent hikes of ₹3/litre indicate government tolerance limit reached after 4-year stability.
Under-recoveries surged to ₹1,000 crore/day (₹30,000 Cr/month) when crude hit $114/bbl, signaling severe liquidity stress above $100/bbl.
HPCL holds significant inventory value of ₹37,106 crore, exposing it to substantial valuation losses during volatile crude price cycles, as seen in the ₹2,635 crore loss at Vizag refinery.