Company Profile: State-Run Oil refinery and oil marketing company come into existence after the merger of four companies at different times. The company came into existence in 1952 as India’s standard vacuum refining company. In 1962 the name was changed to Esso Standard refining Company of India. In 1974 Lube India’s undertaking was merged with the Esso, and the company received its current name. In 1976, Caltex oil refining company was taken over by govt of India and merged with HPCL. Finally, in 1979 Kosan gas was merged with the company.
The company is a leading oil marketing company selling LPG, Lubricant, Aviation Turbine Fuel, and Fuel to retail consumers.
Share Holding Pattern BSE Data
Financials and Ratio
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Future Prospects: As a refinery and oil marketing company, it is one of the leaders in the market. Though many analysts expect that increasing the price of crude will be terrible for the company, in India, the cost of fuels is connected mainly to the market rate.
Financials also looks good.
