HPCL-Mittal Energy Limited (HMEL) Company Research Report
Company Overview
- Name: HPCL-Mittal Energy Limited (HMEL)
- Mission: Dedicated to energizing a brighter tomorrow for millions of Indians with its superior petroleum and petrochemical products.
- Founded: 2007
- Founders: Formed as a joint venture between Hindustan Petroleum Corporation Limited (HPCL), a Government of India enterprise, and Mittal Energy Investments Pte Ltd. (MEIL), Singapore.
- Key People:
- Chairman: Aditya Mittal
- Other Key Directors:
- Rajneesh Narang
- Rajan Tandon
- S. Bharathan
- Jagjeet Singh Bindra
- Amit Garg
- Asha Kaul
- Prabh Das
- Headquarters: Punjab, India
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: HMEL is known for being a young and value-driven organization benchmarking itself against global best practices to deliver excellence and fuel India's growth story.
Products
Overview
HMEL uses world-class technologies to produce superior quality, high-value, and environmentally safe petroleum and petrochemical products. The company aims to improve life quality while ensuring reduced environmental impact.
Petroleum Products
- Motor Spirit
- High-Speed Diesel
- Superior Kerosene Oil
- Aviation Turbine Fuel
- Liquefied Petroleum Gas
- Naphtha
- Pet Coke
- Sulfur
- Bitumen
Petrochemicals
- Polypropylene (PP)
- Production Capacity: 0.5 Million MT/annum
- Applications: Automotive packaging, agriculture, healthcare, housing, consumer durables
- Product Types: Homopolymer, Impact Copolymer, Random Copolymer, Specialty Terpolymer
- Polyethylene (PE)
- Production Capacity: 1.2 Million MT/annum
Specialty Products
- Hexane
- Mineral Turpentine Oil
Chemical Products
- Benzene: A significant chemical raw material used for producing resins, rubber, phenols, and plastics.
By-Products
- Fly Ash
Key Features
- Integrated Operations: The petrochemical units are integrated with the refinery, ensuring feedstock security.
- Environmentally Safe Initiatives: First Indian Refinery to build a Vapour Recovery System.
- Advanced Customer Service: Certified Customer Services & Development Center (CSDC), NABL certified.
Recent Developments
News and Enhancements
- Awards:
- HMEL won two prestigious awards at the Asian Oil & Gas Awards 2024.
- New Ventures:
- Partnered with "The New Shop" to open 24/7 convenience stores.
- Educational Initiatives:
- STEM labs in rural Bathinda to inspire students.
- Set up mini science centers in five government schools.
- Social Initiatives:
- Supporting rural women in Punjab through Phulkari stitching projects.
- Projects supporting retired army personnel in training youth for Army and Police services.
- Innovative Projects:
- Groundbreaking of new Toluene, Xylene Extraction Project.
- Launched recycled polymer brands.
- Upgradation and Recognition:
- Fitch upgraded HPCL-Mittal Energy to 'BB+' with a stable outlook.
- Workshops and Conferences:
- HMEL held the maiden ‘Energy Quest’ Quiz and executed ‘Tech Sahyog’ sessions.
- Participated in international conferences such as the EHS&S CONGRESS 2024 and KPLEX 24.
Expansion Plans
- Petrochemical Expansion:
- Massive expansion within the field of petrochemicals to reduce India's import dependence.
Partnerships
- Pipeline Development:
- Collaborated with GAIL for a dedicated pipeline for Bathinda refinery.
This report focuses strictly on the information retrieved from the sources provided and does not include any additional commentary or data. The data reflects the organization's structure, product focus, and recent developments as of the latest updates available up to 2024.
