HPCL (Hindustan Petrolem Corporation Limited) is a Fortune 500 and Forbes 2000 Navaratna mega Public Sector Undertaking in oil refining & marketing business, with an annual turnover of over Rs. 1, 03, 837 crores ($25142 Million) (FY 2007-08), 16% Refining & Marketing share in India and a strong market infrastructure
The Company was incorporated in 1952 as Standard Vacuum Refining Company of India Limited. In 1962, the name was changed to ESSO Standard Refining Company of India Limited. Hindustan Petroleum Corporation Limited comes into being after the takeover and merger of erstwhile Esso and Lube India Undertaking in 1974. In 1976, Caltex Oil Refining Ltd. was taken over by the Government of India and subsequently merged with HPCL in 1978. In 1979, Kosan Gas Company, the concessionaries of HPCL in the domestic LPG market, were taken over and merged with HPCL.
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