Slides
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Hindustan Petroleum Corporation Limited Investor Presentation Mumbai August 07, 2025
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Plan of Presentation HPCL at a Glance .Plan of Presentation Business Overview Performance Overview Future Plans Net Zero` 2
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HPCL at a Glance
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HPCL at a Glance 2nd largest LPG Marketer 2nd largest Cross Country Product Pipeline Network State-of-the-art R&D Setup Maharatna Company Owns & Operates Largest Lube Refinery In India Enduring Relationship with Stakeholders Operating in India for 100+ Years 2nd largest Retail Network Holder 4
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Shareholder Profile and strong presence in Indian O&G Sector Shareholding Profile as of 30th June, 2025 13.87% Refining Capacity in India* Strong presence in Indian Oil & Gas Sector 20.45% Domestic Market Share in Petroleum Products 5 FPI –Foreign Portfolio investors 54.91% 13.55% 19.24% 6.67% 3.87% 1.76% ONGC FPIs Mutual Funds Non- Institutions Insurance Cos. Others * Incl. HMEL capacity and Visakh Refinery Capacity at 15.0 MMTPA as of 30.06.2025 (~ 16.9% post expansion of HMEL and post-completion of HRRL)
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Legacy of over 100 years Marketing operations in India by Standard Oil Company Commissioning of 165 TMTPA Lube refinery at Mumbai by Lube India Ltd Incorporation Of Standard Vacuum Refining Company of India Ltd. (Stanvac) Incorporation of Caltex Oil Refining Co. Stanvac’s name changed to ESSO Standard Refining Company of India Ltd Merger of Caltex undertaking in India into HPCL Formation of HPCL by Amalgamating ESSO and Lube India Ltd Navratna Status to HPCL GoI transfers its 51.11% equity share to ONGC 1952 2019 2018 1997 1978 1974 1969 1962 1955 1911 Maharatna* Status to HPCL * Highest Status accorded by GoI to Mega Central Public Sector Enterprises6
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Business Overview
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Diversified Portfolio Market Sales 49.8 MMT* Refining 24.5 MMTPA (HPCL Capacity)^ 11.3 MMTPA (JV Capacity)^ Pipelines 26.9 MMT* (5,134 Kms) JVs & Subsidiaries 20 Numbers^ Natural Gas R & D 83 Products & Technologies^ Renewables Wind & Solar ~ 225 MW^ (Wind: 100.9 MW; Solar: ~124.2 MW) ^As of 30.06.2025 8 * FY 2024-25 5 MMTPA LNG terminal by HPLNG End-to-End Solutions Authorization for setting up CGD in 25 GAs in 14 states
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Refinery Infrastructure Lube Refinery (Mumbai) : 428 TMTPA ▪ Stake in HMEL: 48.99% ▪ Stake in MRPL: 16.96% ▪ Stake in HRRL (Under Construction): 74% • Coastal Refineries • Pipeline connectivity to hinterlands • Product evacuation majorly through Pipelines HMEL Refinery (JVC) Visakh Refinery Mangalore Refinery (Associate Company) Mumbai Refinery Refining Capacity in MMTPA Mumbai 9.5 Visakhapatnam 15.0 Total HPCL 24.5 HMEL (JVC) 11.3 Total (marketing rights) 35.8 HRRL Refinery (JVC) 9As of 30.06.2025
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Cross Country Pipeline Network Mumbai – Pune – Solapur P/L Mumbai Refinery Hazarwadi Pune Solapur Vizag-Vijaywada- Secun’bad P/L Visakh Refinery Vijayawada S’bad *17 cross country Pipelines with total Pipeline network of 5,134 km Rewari – Kanpur P/LMundra – Delhi P/L Bahadurgarh Palanpur Mundra Delhi Ajmer Bathinda Refinery Ramanmandi – Bahadurgarh P/L Awa – Salawas P/L Kanpur Mangalore- Hassan - Mysore LPG P/L B’lore Mangalore LPG Pipeline Liquid POL Pipeline VadodaraPalanpur– Vadodara P/L Uran-Chakan LPG P/L Uran Chakan Ramanmandi- Bathinda P/L Bahadurgargh- Trikikalan P/L Pipelines by JV companies: 1,380 Km 1,017 Km: HPCL Mittal Crude P/l , 363 Km: PMHBL Second largest Petroleum Product Pipeline Network in India Barwala–Hisar *Product Pipeline includes : 21Km: Mumbai Vashi Black oil Pipeline (BOPL), 20Km: MR to Airport ATF Pipeline and 17Km: Trombay to Wadibunder Lube Oil Pipeline (LOPL) Cherlapally Anantpur Hassan Hassan-Cherlapally P/L Kadapa Dharmapuri R’ Mundry Vijaywada-Dharampuri P/L 10
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Supply Infrastructure Terminals/TOPs/Depots Exclusive Lube Depots LPG Plants 80 29 55 ASFs 57 Lube Blending Plants 04 Description Capacity Petroleum Oil Lubes (POL)Tankage 3.2 MMT LPG bottling capacity 6.5 MMTPA Lube blending capacity 340 TMTPA QC Labs 46 Nos. TOP = Tap off Point Strategically located state-of-art Infrastructure As of 30.06.2025 11
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Customer Touchpoints Mobile Dispensers Retail Outlets LPG Distributorships SKO / LDO Dealerships Lube Distributors (Ind & Auto) LPG Consumers CNG facilities at ROs 23,901 6,384 1,638 521 883 2,071 ~97 Million As on 30.06.2025 EV Charging facilities at ROs 5,334 Daily Customer Interactions ~25 Million 12
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Focus on Research and Development ▪ Indigenisation of Refinery Technologies, Catalysts & Chemicals ▪ Process intensification ▪ Bio Fuels ▪ Petrochemicals & Polymers R&D Achievements New Technologies / Products demonstrated 83 Patents applied 669 Total Patents granted 259 R&D Technologies and Products Technologies: HP-ASAP , HP-RAMP , H2 PSA Technology, HP-Trijet, H-CNG, HP-HiGAS Technology, SprayMax Feed Nozzle HP-DAK, HP-VRU etc. Products: Fuel Additives, Catalysts, Bio Products, Process Chemicals, Hygiene Products, Specialty Products. R&D Thrust Areas All figures are as of 30.06.2025 13
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HPGRDC Research Labs Crude Evaluation & Fuels Research Analytical and Chemical Synthesis FCC/RFCC Hydro-processingProcess Modelling & Simulation Catalysis Bioprocess Standard testing CoE Nano- Technology Phase-I Phase-II Petrochemicals & Polymers Centre of Excellence LubesBattery Engine Corrosion Studies Novel Separations Residue Upgradation 14 Digital Water Research Centre of Excellence – Bitumen Pavement & Research Combustion Research
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Joint Ventures and Subsidiaries 15 Oil refining Joint venture in Natural gas infrastructure & marketing BiofuelsBiofuels Introduction of new technology and growth through Partnerships HMEF- HPCL Middle East FZCO Subsidiaries Oil supply infrastructure and marketing Natural Gas Natural Gas UpstreamUpstream Overseas Marketing Overseas Marketing RenewablesRenewables GITL- GSPL INDIA TRANSCO LIMITED : GIGL – GSPL INDIA GASNET LIMITED
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Ratings and Accolades BBB- (Stable) Baa3 (Stable) At par with India’s Sovereign Rating Recognitions and Accolades 16 SCOPE Eminence Award for HR Management, Digital Transformation & Effective implementation of RTI Act FIPI Sustainably Growing Corporate of the Year 2023
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Emphasis on Talent Management Induction Capability Building Recognition Leadership Structured Induction process to Learn, Grow and Lead SAMAVESH Behavioural / Functional and Technical training Rewarding Values for driving Performance Building Strong Leadership Pipeline 17
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CSR : TouchingLives Every Way CSR : Touching lives Every Way ~44 lakh lives benefitted since implementation of CSR Rules, 2014 18 HPCL’s CSR focus areas are guided by National Policies and Priorities for the Welfare of Children, Women, and the Weaker Section of the society
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Performance Overview
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Quick Snapshot : FY 2024-25 Profit After Tax Rs. 7,365 Crore Highest Ever Market Sales 49.8 MMT Highest Ever Refinery Thruput 25.3 MMT Highest Ever Pipeline Thruput 26.9 MMT Revenue from Operations Rs. 4,66,346 Crore Refinery GRM US$ 5.74 / bbl
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Strong Refining & Marketing PerformanceStrong Refining & Marketing Performance Retail Outlets and LPG ConsumersRetail Outlets and LPG Consumers $10.35 $8.12 $17.15 $5.92 $5.63 $9.27 $3.86 $2.61 $7.13 Mumbai Vizag HMEL (JV) 2023-24 2024-25 Q1 2025-26 Gross Refining Margins (US$ /bbl) Gross Refining Margins (US$ /bbl) Market Sales (in MMT)Market Sales (in MMT) 28.79 29.94 8.04 8.56 8.95 2.21 5.33 6.04 1.45 4.13 4.90 1.34 46.82 49.82 13.04 - 10.00 20.00 30.00 40.00 50.00 2023 -24 2024 -25 Q1 2 0 2 5-26 Retail LPG Institutional Others Refinery Throughput and UtilisationRefinery Throughput and Utilisation Throughput (MMT)Throughput (MMT) Utilisation (%)Utilisation (%) 9.64 9.96 2.50 12.69 15.31 4.16 12.65 13.05 3.25 102% 105% 106% 105% 112% 111% 112% 115% 115% 0 5 10 15 20 1 2 3 4 5 6 7 8 9 10 11 22,022 23,747 23,901 96.0 97.0 97.0 70.0 75.0 80.0 85.0 90.0 95.0 15,000 20,000 25,000 Mar'24 Mar'25 Jun'25 Retail Outlets LPG Consumers (Million) 21
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Infrastructure Capability enhancement in last 5 Years 15.8 24.5 Mar 20 Mar 25 Refining Infrastructure Refining Capacity (MMTPA) Customer Touchpoints Infrastructure 16476 23747 Mar 20 Mar 25 Retail Outlet (Nos.)Supply & Distribution 93 98 Mar 20 Mar 25 POL Terminals & LPG Plant (Nos.) Pipeline Network (Kms.) 3775 5134 Mar 20 Mar 25 471 2038 Mar 20 Mar 25 CNG Stations (Nos.) 6110 6378 Mar 20 Mar 25 LPG Distributors (Nos.) 0 5976 Mar 20 Mar 25 EV Stations (Nos.) 22
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Strengthening of Infrastructure across value chain 24,350Refining Capacity Expansions 6,495Expansion of Pipeline Network 8,853LPG Plants / POL Depots / Capacity Augmentations 1,260Enhancing Biofuels & Renewable capacities 9,626Expanding Customer touch points 2,480Others (R&D, Digital Transformation etc.) Equity Investment in JVs & Subsidiaries 16,165 Investments during last 5 years (Rs. Crore) 73,000 Area of Value Chain Investment (Rs. Cr) Expansion of CGD Network 3,800 23
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Return to Stakeholders 4 shares in 2016 became 27 Shares in July,2024 Sep 2016 (2:1)Sep 2016 (2:1) July 2017 (1:2)July 2017 (1:2) 1212 Share buy-back Program Consistent returns to Stakeholders 172 187 254 28/10/20 04/11/20 14/05/21 • Board approval - share buy back worth Rs. 2500 Cr on 4th November 2020 • Maximum Buyback Price at a premium of 45.52% and 45.43% over the closing prices on both BSE and NSE, respectively, on October 28, 2020. First & only PSU to do Open Market buy-back 47.67% increase from 28th Oct 20 Return to Shareholders HPCL share price on BSE (In Rs./Share) HPCL share price on BSE (In Rs./Share) Market Cap (Rs. Cr)* *BSE at close of month. Total return to Shareholders ~ 20% 22,014 93,188 Jun-15 Jun-25 CAGR 14.2% 24 July 2024 (1:2)July 2024 (1:2) 1818 44 2727 Before 2016 Bonus Post 2016 Bonus Post 2017 Bonus Post 2024 Bonus Number of SharesNumber of Shares
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Key Financial Performance Parameters 5.3% 19.4% 6.9% -10.7% 21.3% 11.5% 5.8% 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26* Return on Capital Employed (ROCE%) 11.5 47.0 30.0 -42.2 69.1 34.6 20.5 -100 -80 -60 -40 -20 0 20 40 60 80 100 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 Earning per Share^ (In Rupees) 1.40 1.11 1.12 2.33 1.47 1.38 1.01 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 Total Debt Equity Ratio (In Times) 2.6 2.2 2.7 3.1 2.80 2.58 0.65 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26* Asset Turnover Ratio (In Times) All Financial parameters reflecting inherent strength & growth potential 25 * Not annualised ^ Restated post bonus share issue in July’24
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Key Financial Performance Parameters 28,962 36,186 38,677 27,713 41,030 45,958 50,497 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 Net Worth (Rs. Cr) 6,962 18,714 13,146 -5,453 27,221 19,022 8,124 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 EBITDA (Rs. Cr) 24,382 25,190 34,977 49,753 43,603 43,192 44,448 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 Long Term Debt (Rs. Cr) 16,085 14,630 16,772 14,043 14,342 14,508 2,860 0.84 0.70 0.90 1.80 1.06 0.94 0.88 0 2000 4000 6000 8000 10000 12000 14000 16000 18000 20000 0 0.5 1 1.5 2 2.5 3 2019 -20 2020 -21 2021 -22 2022 -23 2023 -24 2024 -25 Q1 2025 -26 Capex (Rs. Cr) & Long Term Debt Equity Ratio (Times) Value Creation thru Effective Leveraging (Now Past Peak Debt Cycle) Capex includes Equity Investments in JVCs/Associates/Subsidiaries etc. 26
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Future Plans
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Business areas where HPCL is conducting its current businesses. Products line such as- MS, HSD, Auto LPG, Lubes, I&C Products ATF Existing Business Area Existing Business Area Businesses areas which are associated or extension to our existing business area. Eg. Road side amenities, Convenience stores, food stalls, car wash at Retail Outlet etc Adjacent Business Area Business areas where HPCL is in the process of enhancing it’s presence. e.g. Petrochemicals, LNG, Logistic Services, Retail Chains at locations other than Retail Outlets New Business Area Business opportunities which have a future potential, but currently does not have an established commercial model e.g. hydrogen, fuel cells etc. Emerging Business Area Future Plans: Focus Areas 28
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Framework Goal Enablers Action Creating Value and Delivering Growth Responsibly by strengthening existing businesses, leveraging new growth engines and seizing green & emerging opportunities with focus on technology & innovation 29
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2024-25 2027-28 35.8 45.3 MMTPA MMTPA Refining Capacity Refinery 2024-25 (MMTPA) 2027-28 (MMTPA) Capacity Addition (MMTPA) MR 9.5 9.5 0.0 VR 15.0 15.0 0.0 HMEL (JVC) 11.3 11.8 0.5 HRRL 0.0 9.0 9.0 Total 35.8 45.3 9.5 Project Completed/Ongoing Physical progress (As of Jun’25) Project Cost (Rs. Cr) (As of Jun’25) MR Expansion (7.5 to 9.5 MMTPA) Commissioned 5,381 VR Modernization (8.3 to 15.0 MMTPA) Dedicated to Nation 30,609 HRRL – 9 MMTPA Green Field Refinery & Petrochemical complex 87.4% 72,937 Lube Modernization & Bottom Upgradation Project at MR 4.2% 4,679 Refinery Capacity Additions 30
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Rajasthan Refinery (HRRL): Project Snapshot HRRL Project, Rajasthan ▪ JV of HPCL (74%) and Govt. of Rajasthan (26%) ▪ Project cost : Rs. 72,937 Cr. ▪ Capacity : 9 MMTPA ▪ Location : Pachpadra, Rajasthan ▪ Configuration based on local crude from Barmer oil field / imported crude ▪ Land : ~ 4,500 acres ▪ Expenditure : ~ Rs. 59,287 Cr (As of Jun’25) 31
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HRRL: Uniqueness of the Project State of the Art Refinery State of the Art Refinery State of the Art Refinery 14 grades of Polyethylene & 21 grades of Polypropylene Nelson Complexity Index of 17.0 Quartile-1 energy performance at design stage Flexibility in switching between Fuel & Petrochemicals Largest PE capacity in India (2X500 KTPA) Largest PPU capacity in India (2X490 KTPA) 26% Petrochemical Yields FUEL & OTHERS PRODUCTS FUEL & OTHERS PRODUCTS FUEL & OTHERS PRODUCTS 32
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HRRL: Units, Product Slate & Expected Margins Pipelines: Crude P/L Mundra to HRRL Crude P/L from Mangala Processing Terminal Raw water Pipeline Product Production (KTPA) MS 995 HSD 4,035 Poly Propylene (PP) 1,073 LLDPE 479 HDPE 479 Butadiene 146 Benzene 134 Toluene 104 Sulphur 157 Refinery Complex : CDU/VDU, MS Block Unit, Prime G, DHDT Unit, HGU, SRU, VGO-HDT, PFCC Unit, DCU, Treating /sweetening facilities Petrochemical Complex : DFCU, PPU, Butene-1, LLDPE/HDPE Swing Utilities & Offsite/Associated Facilities: DCPP , Raw Water Reservoir at Nachna, Township, Crude Import Facilities 33
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Marketing Network Expansion 2024-25 2027-28 5,134 6,000 KM KM Pipelines 8580 Terminal/Depots (No.) 2024-25 2027-28 6055 LPG Bottling Plants (No.) 2024-25 2027-28 2024-25 2027-28 23,747 26,000 Retail Outlets (No.) 34Figures as of Mar’25
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Portfolio expansion in Petrochemicals & Natural Gas ▪ 2.4 MMTPA Petchem Capacity in HPCL Rajasthan Refinery Ltd (JVC) ▪ HMEL Polymer Addition project with 1.2 MMTPA dual feed cracker (Completed) ▪ Petrochemical Marketing started by HPCL under ‘HP Durapol’ Brand ▪ 31.2 TMT Petchem Sales during Apr-Jun’25 2024-25 2027-28 2.2 4.6 MMTPA MMTPA PetrochemicalCapacity 1,387 Nos Natural Gas ▪ LNG Import Facilities ▪ Natural Gas Pipelines ▪ CGD Network & Marketing 2024-25 2027-28 CNG Stations (No.) 2,038 3,000 35Figures as of Mar’25
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Natural Gas: Participation across entire value chain Regasification Transportation Marketing LNG Import Facilities ▪ 5 MMTPA LNG Regasification Terminal at Chhara, Gujarat (Subsidiary) ▪ Connection to National Gas Grid Pipelines Natural Gas Pipelines ▪ Mehsana to Bhatinda (1673 Km) – GIGL(JV) ▪ Bathinda to Gurdaspur (261 Km) – GIGL (JV) ▪ Mallavaram to Bhilwara (1881 Km) – GITL (JV) CGD Network & Marketing ▪ 25 GAs in 14 states ▪ HPOIL (JV) ▪ CNG facilities at Retail Outlets ▪ Gas Marketing ▪ LNG facilities at Highways GITL- GSPL INDIA TRANSCO LIMITED GIGL - GSPL INDIA GASNET LIMITED Participation through JVParticipation through Subsidiary Participation through JV and standalone basis 36
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Green Opportunities - Biofuels 2024-25 2027-28 12.06 300 TMT TMT Biofuel Capacity CBG Plant at Budaun- Milling Section Biofuels Projects Status Project Cost (Rs. Cr) 14 TPD Capacity CBG Plant at Budaun, UP Commercial Sale started 133 1.6 TPD CBG Plant at Pathmeda, Rajasthan Commenced CBG Sale 25 100 KLPD 2G Ethanol Bio- Refinery at Bathinda, Punjab Ongoing 1,421 16TPD Compressed Biogas (CBG), Eluru, West Godavari, AP Ongoing 227 37Figures as of Jun’25
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Green Opportunities - Renewables 2024-25 2027-28 224 2,400 MW MW • Current power requirements to renewable sources (500MW) under Conversions • Participation in Tariff Bidding • 100% Solarisation of Retail Outlets (94% of RO Network complete as of Jun’25) • Wholly owned subsidiary ‘HPCL Renewables and Green Energy Limited’ for consolidation of ‘Green & Renewable’ Business opportunities under one umbrella is now operational. Renewable Capacity Solar Panels at HRGRDC, Bengaluru Renewables Project Status Project Cost (Rs. Cr) Jhansi Solar Project Transmission line work completed 37 Panipat Solar Project Transmission line work in progress 45 Solar Power Plant at Galiveedu Construction in progress 682 Greening Retail Outlets- Delhi Construction in Progress 55 38Figures as of Jun’25
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Green Opportunities - Green Hydrogen 2024-25 2029-30 3.5 9,670 TPA TPA Green Hydrogen 39 ▪ A 370 TPA Green Hydrogen Plant commissioned at Visakh Refinery (first Green Hydrogen plant in any Indian refinery) ▪ 5,000 TPA Green Hydrogen Project at Visakh Refinery ▪ 4,300 TPA Green Hydrogen Project at HRRL ▪ Research and Development: HPCL Green Research and Development Centre (HPGRDC) is working on all major Electrolyser technologies. • Utilizing Green Hydrogen for all its research activities since 2020 by installing PEM Electrolysers and solar PV power plant. • Successfully commissioned India’s first Solid Oxide based Electrolyser (SOE) in May 2024. • Commissioned alkaline and AEM Electrolyzers with in-house designed electrodes and stack. AEM electrolyser has been scaled up to1 MW equivalent cell size for technology demonstration. • In collaboration with research institutes, is developing indigenous 1KW * 10 Solid Oxide Fuel Cell (SOFC) and 1KW Solid Oxide Electrolyzer (SOEC).
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Digital Strategy Framework Digital Vision & Strategy HPCL commits to leverage Digital Technologies in every aspect of our business for continuous innovation, operational excellence and new business models to provide best in class experience and value to all Stakeholders. HPCL Digital Vision 40
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Leveraging Digital Technologies New Business Models E- commerce Platform Data driven Decisions ERP Modernization Enterprise Data Repository & Analytics Connected Enterprise Supply Chain Control Tower Centralized Command centre Customer Experience HP Pay – Unified loyalty & Payment Solution Omni Channel Chatbot Supply Chain Management Demand Forecasting Smart Fleet management Capability Building Digital Experience Centre AR/VR Based Training Metaverse Generative AI Workforce Enablement HR Analytics Connected worker Smart Helmets Assets & Project Mgmt. Central Energy Mgmt. System Project Portfolio Management Office Warehouse Management Operational Excellence Video Analytics @ Retail Outlets Video Analytics @ Plants & Terminals Predictive Analytics based maintenance Robotic Process Automation An array of Digital Initiatives spanning across technologies 41
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Capex – HPCL and Equity in JVs/ Subsidiaries (FY 24 to FY 28) Capex Rs. 77,000 Crore 7% Non Fuel 6 % Net Zero 8% Renewable 15% Gas 4% Biofuels 3% EV/alter nate Investment Shift • 36% Investment in Renewables, Biofuels, Natural Gas, Alternate Fuels & Net zero • 12% in Non-Fuel & Petchem Investment 52% Petroleum 5% Petchem 42
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Maturing CAPEX to help Boost Bottomline MMT • Progressively commissioning Refinery upgrades • Leveraging Marketing infrastructure to boost volumes • Past the Peak Debt Cycle (Standalone) • Nearing Peak Debt (Consolidated) • Improved self-sufficiency and product security • Working towards 2x + jump in EBITDA levels by FY 28 • Strengthening Key financial and leverage ratios • Net Debt to EBITDA • Retained Cash Flows to Net Debt • Long Term Debt to Equity 27.1 34.5 45.3 56.0 (4%) 57.6 (5%) 36.9 49.8 59.3 (6%) 17-18 24-25 27-28 Refinery Capacity, Thruput & Market Sales (MMT) Ref. Capacity Ref. Thruput Market Sales (CAGR 6%/5%/4%) 38.3 51.0* 27.1 * Based on projected Refinery Capacity utilisation 43
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Net Zero
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Net Zero Announcement • HPCL is committed to conduct business with an objective of preserving the environment and contributing to sustainable development • Plans underway to achieve Net zero Scope 1 & 2 emissions by 2040 • Dedicated Energy Transition Cell HPCL Net Zero plan - Announcement on 31st Jan 2022 Investment of Rs. 60,000 Crore towards Net-zero plans by 2040 45
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HPCL Net Zero Plan: Development of Roadmap 4.4 1.4 0 5.0 2.5 7.9 5.6 3.6 0 1 2 3 4 5 6 7 8 9 HPCL – Emission Reduction Roadmap Unit : MMT of Co2e Base Case Scenario Accelerated Technology Adoption Conservative Technology Adoption Rs. 10,000 Cr Renewables2 Efficiency1 Fuel switch to bio gas3 Green Hydrogen4 CCUS5 Rs. 10,000 Cr Rs. 29,200 Cr Rs. 4,200 Cr Rs. 6,400 Cr Key Levers/investment for emission reduction Lever Investment % Reduction 16.7% 48.6% 7.0% Rs. 200 Cr Flare reduction6 0.3% Rs. 60,000 Cr 100 %Total 2030 2035 2040Total emission to be abated by 2040 46 16.7% 10.7%
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Energy Transition Strategy Framework Emission Intensity Reduction Energy Security Transition to Energy Company R&D & Innovation ESG Focus Capital EfficiencyCollaboration Decarbonisation Petrochemicals 47
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Nayaa HPCL : Fresh Fast Fluid • Transformation to an Energy Company creating value and growth in step with society • With significant presence in • Traditional Fuels • Natural Gas • Petrochemicals • Green energy • Non Fuels 48
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Experienced Management Team Mr. Rajneesh Narang, Director - Finance • He is Director – Finance of the company effective March 22, 2022. He is a Member of the Institute of Chartered Accountants of India (ICAI) and a Post Graduate in Financial Management. He brings with him rich and varied professional exposure of more than 3 decades across various spectrum of Downstream Oil Company. • He has headed the position of Marketing Finance which is considered as backbone of the company. He has also held various key challenging assignments in HPCL in the field of Corporate Finance, Treasury, Risk Management, Margin Management, Marketing Finance, Budgeting, SBU Commercial, C&MD’s Office and Refinery Project. He is on Board of several HPCL Subsidiary/Joint venture Companies. Mr. S Bharathan, Director – Refineries • He is Director- Refineries of the Company effective October 01, 2022. Prior to this, he was an Executive Director – Refineries Coordination of the Company with Additional Charge of R&D. • He has wide exposure to the Refinery operations of the Company and has worked in Operations and Technical Departments of Mumbai and Visakh Refinery for over 25 years. He has also worked in the Corporate Office on Margin Management & Refinery Project Process for over 4 years. Further, he is also leading HPCL’s Green R&D Centre in Bengaluru for the last 3 years. Under him, HPCL Green Research & Development Centre (HPGRDC) has reached filing of about 380 patents. Mr. Amit Garg , Director – Marketing • He is Director- Marketing of the Company effective December 27, 2022. Prior to this, he was an Executive Director-Aviation in Bharat Petroleum Corporation Limited (BPCL). He is a Post Graduate in Electronics & Management. • He is a senior leader in Oil & Gas space having rich and varied experience of over 35 years across the entire value chain in the Industry including sourcing, storage, logistics and sales across various functions in BPCL. He also served as a full time Director with Indraprastha Gas Limited, the largest CGD in the country and as a Nominee Director with Maharashtra Natural Gas Limited, a Joint Venture of BPCL & GAIL (India) Limited. Mr. K S Shetty , Director – Human Resource • He is Director- Human Resources of the Company effective May 01, 2023. Prior to this, he was an Executive Director – Human Resources with additional charge of Employee Relations Department. He is a Gold Medalist in HR Management from Andhra University and also an alumnus of the Swedish Institute, Stockholm for Diploma in Sustainable Development in 2012. He has completed his Advanced Management Program from MDI, Gurgaon / ESCP Europe Business School, Paris. (2016). He is an SHRM, USA - Senior Certified Professional and is currently on the AIMA Core Committee on HR and also on the National Council of the Indian Society for Training and Development (ISTD). He is also on the Board of HPLNG. He has over 25 years of experience in HR in various capacities at HPCL. Mr. Vikas Kaushal, Chairman & Managing Director • He has taken charge as the Chairman & Managing Director (C&MD) of the company effective March 17, 2025. He is a seasoned global leader with over three decades of experience in Energy domain. He is a chemical engineering graduate from DCET, Punjab University and has done his MBA from Indian Institute of Management, Ahmedabad. • He has deep expertise in the Energy domain, including oil and gas, power, renewables and new energies. He has advised all the leading state-owned oil and gas companies in India i.e Indian Oil, BPCL, GAIL, etc. on multiple large scale transformation programs for a long period of time. He is an expert on the Energy Transition topics. He has authored several key thought pieces on oil & gas, power, chemicals, and related topics and is a regular speaker at key conferences in India, and globally.
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Disclaimer The information contained in this material have been obtained from sources believed to be reliable, but no representation or warranty express or implied, is made that such information is accurate or complete and it should not be relied upon as such. The information contained in this material may not be perfect and some part of the information may be left out. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of HPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. All estimates and opinions included in this material constitute our judgment as of the date of this material and is subject to change without notice and its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.