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What is Hindustan Petroleum Corporation Ltd mean?
Hindustan Petroleum Corporation Limited (HPCL) is a subsidiary of Oil and Natural Gas Corporation which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India with its headquarters in Mumbai, Maharashtra. It has a 25% market-share in India among public sector undertakings (PSUs) coupled with a strong marketing infrastructure. Its parent company is ONGC which owns a majority stake in the company. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. HPCL was removed from NIFTY 50 INDEX in March 2019 On 24 October 2019, the company became a Maharatna PSU.
referencePosted on 26 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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