HPCL EXHIBITS RESILIENCE…DELIVERS HAPPINESS

The 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 Rs. 10,664 crore and Gross sales for the FY 20-21 was Rs. 2,69,243. For the year 2020-21, HPCL proposed a final dividend of Rs.22.75 per share. Further, HPCL has recorded a Profit after Tax (PAT) of 1,795 crore during Apriljune ₹ 2021. Revenue for the quarter is 77,586 crore. ₹ 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 2020-21, 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.

To further enhance its presence across the value chain of natural gas business, HPCL acquired the balance 50% stake in JV HPCL Shapoorji Energy Pvt Ltd. The company was incorporated to set up and operate a Liquefied Natural Gas (LNG) regasification terminal at Chhara, Gujarat. The construction work for Chhara LNG terminal is in full swing.

HPCL currently serves the nation with 18,776 outlets and 6197 LPG distributors. Towards ensuring availability of alternate fuels CNG dispensing facilities were provided at 724 retail outlets. EV Charging facilities are provided at 84 retail outlets (*31st March ’21). To meet the requirement of select customers for getting diesel delivered at their premises, 387 Mobile Dispensers have been commissioned as of 31st March, 2021.

HPCL R&D centre at Bengaluru received 44 patents during the year and has recently received its 100th patent. HPCL is also working with 27 start-ups in various areas of its operations.

HPCL has a detailed Digital Transformation strategy and is working on harnessing the potential of new age technologies in various business operations. To enhance the operational efficiencies and customer value, 50 POL terminals of HPCL have been converted to ‘Smart Terminals’ with full automation and seamless integration of all activities without needing manual interventions.

During 2020-21, HPCL added its 51st LPG bottling plant at Rayagada in Odisha with 60 TMTPA capacity and augmented its bottling capacity at various other existing LPG bottling plants by about 270 TMTPA. HPCL also commissioned LPG Master Godown with 36,600 cylinder storage capacity at Phey village in Leh, Ladakh to meet the winter demand of LPG in the area. Supply infrastructure was further strengthened with addition of Madurai Railway Siding facility in Tamil Nadu and new POL Depot at Hissar in the state of Haryana. Work on CGD projects in various geographical areas authorised to HPCL and its JVS are in progress.

Under ‘Pradhan Mantri Garib Kalyan Yojna (PMGKY)’ announced by Government of India in April 2020 for providing 3 free LPG refills per PMUY beneficiaries to mitigate the hardships faced by the poor during pandemic, a total of 3.81 crore refills were delivered to the PMUY beneficiaries by HPCL as of 31st March 2021.

HPCL’S Visakh Refinery Modernization Project (VRMP) and Mumbai Refinery expansion Project (MREP) are in the advance stages and are progressing well for completion during the financial year 2021-22. Upgradation Facility at Visakh is also likely to achieve mechanical completion in the calendar year 2022.

HRRL, our 9 MMTPA Refinery cum Petrochemical complex at Barmer, Rajasthan has achieved significant progress with placement of turnkey contracts for major process units during the year and construction work is in progress at site. HPCL’S major ongoing cross country pipeline projects Vijayawada to Dharmapuri product Pipeline, Hassan-cherlapally LPG Pipeline and Barmer - Palanpur product Pipeline are also progressing well.

For outstanding performance across various spheres of business, HPCL was recognized with several prestigious awards during the year including “Oil Marketing Company of the Year” for leadership in oil marketing business in India by Federation of Indian Petroleum Industry.