Hindustan Petroleum Corporation Ltd Consolidated Profit up by 228%
Hindustan Petroleum Corporation Ltd (HPCL), ranked at 327 in Fortune Global 500 list and 133 in the list of Plattstop 250 Global Energy Companies in the year 2015, has registered excellent physical and financial performance in the year 2015-16. The Corporation achieved bottom line growth in PAT of 41 per cent. Profit after tax on standalone basis stood at Rs.3, 863crores with Gross sales of Rs.1,97,744 crores. During the period April – March 2016, the refineries have achieved highest ever Crude throughput of 17.23 million tonnes, which is 116 per cent of the total installed capacity, as against 16.18 million tonnes during corresponding previous period April – March, 2015. The refineries produced highest ever MS (3.03 million tonnes), HSD (6.5 million tonnes), and Lube Oil Base Stock (528 thousand tonnes).This remarkable physical performance by the refineries has resulted in a healthy combined Gross Refining Margin of $ 6.68 per barrel during the FY 2015-16 as compared to $ 2.84 per barrel in the corresponding previous year period.