HPCL Exhibits Resilience…Delivers Happiness
Dalal Street Investment Journal|August 02, 2021
2020-21 has been an eventful year for all of us. The pandemic posed new challenges related to business continuity, supply chain management and concerns related to health and safety of the workforce.

HPCL as an organization made every effort to serve the nation in these tumultuous times by ensuring uninterrupted supplies of essential commodities like cooking gas and transport fuels across length and breadth of the country while ensuring safety of its workforce. HPCL proactively and with full force supported nation’s fight against COVID-19 by undertaking various relief measures for needy and less privileged people including migrant labours. In this background, HPCL exhibited resilience and agility to deal with the ever-evolving and transient business landscape.

During FY 20-21, HPCL recorded its highest ever Profit after Tax (PAT) of ₹10,664 crore and Gross sales for the FY 20-21 was ₹2,69,243. For the year 2020-21, HPCL proposed a final dividend of ₹22.75 per share.

HPCL refineries at Mumbai and Visakh achieved combined refining thruput of 16.42 Million Metric Tonnes (MMT) with capacity utilization of 104%. Effective crude sourcing plans, optimizing day to day crude run rate, efficient logistics management and regulating product procurements from other sources enabled HPCL to achieve the feat.

During the year, HPCL achieved sales volume of 36.59 MMT and registered market share gain for transport fuels. HPCL continues to be India’s largest lube marketer and second largest LPG marketer during the year.

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