GROWTH WITH GREEN FOCUS

HINDUSTAN PETROLEUM Corporation (HPCL), the second-largest LPG marketer in India, achieved gross sales of Rs 3,72,642 crore during FY2021-22, thereby clocking a robust growth of 38.4 per cent over the previous fiscal year.

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Pushp Kumar Joshi, Chairman and Managing Director, HPCL

The energy major was able to navigate a challenging environment with its focused approach. 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.

Based on its healthy financial performance, HPCL finds itself at the sixth spot in the BW Real 500 list, down one spot from last year's BW Real 500 list of companies.

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 a total sales volume of 39.1 MMT during the year with 6.8 per cent growth over the previous year. In retail sales, total sales volume of 23.7 MMT was achieved in 2021-22 securing gain in market share in Total Motor Fuels (TMF) sales amongst industry. In LPG, highest ever sales of 7.7 MMT was achieved registering year-on-year growth of 4.4 per cent, Joshi added.