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Hindustan Petroleum Corporation: Green Focus Always
Energy major HPCL was able to navigate a challenging environment with its focused approach, sustained all-round performance while early adoption of sustainable business practices helped it to stay resilient
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Hindustan Petroleum Corporation (HPCL), the second-largest LPG marketer in India, is a consistent presence in the Most Respected Companies top-20 list. It scored high marks across parameters like ‘trustworthy leadership’ and ‘CSR’.
HPCL achieved gross sales of Rs 3,72,642 crore during FY2021-22, clocking a robust growth of 38.4 per cent over the previous fiscal year. During the year under review, the crude processing capacity of Mumbai Refinery was enhanced from 7.5 MMTPA to 9.5 MMTPA with the completion of Mumbai Refinery Expansion Project (MREP) along with the revamp of both primary and secondary units.
The marketing performance of HPCL was robust in 2021-22. Addressing the shareholders, Chairman & Managing Director Pushp Kumar Joshi said that HPCL managed to achieve total sales volume of 39.1 MMT during the year growing 6.8 per cent over the previous year. “In retail sales, total sales volume of 23.7 MMT was achieved in 2021-22 securing a gain in market share in Total Motor Fuels (TMF) sales amongst industry. In LPG, the highest ever sales of 7.7 MMT was achieved registering year-on-year growth of 4.4 per cent,” Joshi added.
LPG Push
During FY2022, HPCL’s industrial and consumer business lines recorded overall sales of 4.8 MMT. To meet the growing LPG demand, HPCL continued its focus on augmenting the bottling capacities and LPG storage at locations. The first LPG plant of HPCL in Assam was commissioned at Goalpara during FY2022. HPCL also commissioned a 120 TMTPA capacity LPG plant at Gonda in Uttar Pradesh and an additional 5.5 TMT capacity LPG mounded storage vessels at various locations.
Commissioning of the pipeline from Mangalore jetty to Mangalore LPG import facility helped in enhancing the operational efficiencies and reducing the turnaround time of ships discharging LPG to the import terminal, Joshi said.
CSR Push
During FY2022 HPCL spent Rs 135.6 crore towards CSR activities including the contribution to the PM CARES Fund, provision of oxygen cylinders and concentrators to various hospitals and support in the fight against Covid-19. Under Project ADAPT, HPCL endeavoured to enhance the quality of lives of children with disabilities