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July 6th, 2016, 04:13 PM
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Join Date: Mar 2013
Re: Subsidiary Companies of HPCL

Crude Refining and Marketing of completed Petroleum items is the center zone of the Corporation. Opportunities are additionally being investigated to get to new income streams, and expand downstream organizations. Likewise, HPCL has wandered in Upstream exercises (Exploration and Production) and funneled gas dissemination in real urban communities

Subsidiary Companies

HPCL Biofuels Limited (HBL)

Prize Petroleum Company Limited

CREDA-HPCL Biofuel Limited (CHBL)

HPCL Rajasthan Refinery Limited (HRRL)

HPCL Biofuels Limited (HBL)

In accordance with Government's strategy for mixing of ethanol in Petrol, an entirely possessed auxiliary organization HPCL Biofuels Ltd (HBL) was consolidated on sixteenth October 2009 with an approved offer capital of Rs. 250 crore which was upgraded to Rs. 700 crore. As on 31st March 2014 aggregate paid up capital (value and in addition inclination offer capital) of HBL is Rs. 625.17 crore.

Prize Petroleum Company Limited

HPCL had advanced Prize Petroleum Company Ltd (PPCL) on 28th October 1998 for support in investigation and creation of hydrocarbons. The underlying approved offer capital of PPCL was Rs. 20 Crore which was therefore improved to Rs. 720 Crore. As on 31st March 2014, the paid up value capital of the organization is Rs. 120 crore. Amid 2011-12, PPCL turned out to be entirely claimed backup and upstream arm of HPCL.

CREDA-HPCL Biofuel Limited (CHBL)

CREDA-HPCL Biofuel Ltd. (CHBL) was fused on fourteenth October 2008 as an auxiliary organization of HPCL with an approved offer capital of Rs. 200 crore. As on 31st March 2014, paid up value capital of CHBL is Rs. 21.76 crore with value shareholding of 74% by HPCL and 26% by Chhattisgarh State Renewable Energy Development Agency. (CREDA). The organization's goal is to wander into substitute energizes.

HPCL Rajasthan Refinery Limited (HRRL)

HPCL Rajasthan Refinery Limited (HRRL) was joined on September 18, 2013 as a backup organization of HPCL with value shareholding of 74% by HPCL and 26% by Government of Rajasthan with an approved offer capital of Rs. 4,000 crore for setting up a 9 MMTPA limit Greenfield refinery and a petrochemical complex in the State of Rajasthan. As on 31st March 2014, the aggregate paid up capital of HRRL is Rs. 0.05 crore.


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