Founded in 1974, Hindustan Petroleum Corporation Limited is an Indian PSU, run by the government of India. The company started with a take over of ESSO, the journey is depicted below:
|Year||Company merged/taken over by HPCL|
|1974||Esso Standard and Lube India Limited|
|1976-78||Caltex Oil Refining (India) Ltd. (CORIL)|
|1979||Kosan Gas Company|
It is interesting to know that HPCL’s 51.11% stake was acquired by ONGC in November 2017, after the approval of Union Cabinet. The company is getting an annual turn over of INR 219,509 crores and a capacity of more than 14.80 million metric tonnes annually. The company has refineries established in
|Mumbai||7.5 million metric tonnes|
|Vishakhapatnam||8.3 million metric tonnes|
|Mangalore, Karnataka||9.69 million metric tonnes|
|Guru Gobind Singh Refinery, Bhatinda, Punjab||9 million metric tonnes|
|Barmer Refinery, Rajasthan||9 million metric tonnes|
Mr. Mukesh Kumar Surana is serving the company in the position of its Chairman cum Managing Director since April 2016. He has been working as a CEO for a subsidiary of HPCL since 2012. Though, he is working with HPCL since 1982. His major goal in the petroleum industry has remained
- Extra ordinary growth of the company.
- Increase in profitability.
- Strategetic approach to increase production.
- Devise methods to boost the exploration process.
- Adopt most effective technological procedures.
- Offer affordable fuel options and focus on other aspects of fuels and not just petroleum.
- Upstream the business of HPCL.
- Re-engineering processes to meet the modern demands.
- Think of and promote innovative ideas.
- Encourage a harmonious growth model.
- Consider the ecosystem in the pursuit of exploration.
- Deploy latest and most-advanced technology in order to minimize risk of human resources.
- Conduct measures for welfare of employees and keep them motivated to serve the best-interests of the organization.
Mr. Surana is a known face in the petroleum industry, owing to his hard-work, commendable leadership skills, and dedication to the organization. HPCL is the third largest petroleum company in India. Other candidates competing for the post were – S.P. Gupta, G.S. Ganesh, S. Jeyakrishnan and Ajit Singh. He was appointed as the CMD of HPCL with a pay scale of Rs 80,000-1,25,000 for a period of five years.