HPCL Shapoorji Energy Private Limited (HSEPL) is an equal joint venture company promoted by Hindustan Petroleum Corporation Limited (HPCL) and SP Ports Private Limited (SPPPL) for development, construction and operation of greenfield LNG Terminal with all associated facilities for receipt, unloading, storage and regasification of LNG and supply of regasified LNG to the gas grid. Chhara LNG Terminal will be within the boundary of all-weather direct berthing Chhara port being developed by Simar Port Private Limited (SPPL) under a concession from Gujarat Maritime Board (GMB) at Village Chhara Sarkhadi, District Gir-Somnath, Gujarat, India.
Hindustan Petroleum Corporation Limited (HPCL) is a Maharatna CPSE (Central Public Sector Enterprises), with consolidated total revenue of Rs. 2,95,713 crore in 2018-19. HPCL enjoys about 21% market share in domestic sales amongst the public sector Oil Marketing Companies (OMCs) and has a strong presence in refining & marketing of petroleum products in the country with market sales of 38.71 Million Metric Tonnes (MMT) and refinery throughput of 18.44 MMT during 2018-19. The company has been affirmed with ‘Baa2’ rating with stable outlook by International credit rating agency, Moody’s Investors Service and ‘BBB-’ with stable outlook by International credit rating agency, Fitch Ratings. Both the credit ratings of HPCL are at par with India’s sovereign rating.
HPCL owns and operates refineries at Mumbai & Visakhapatnam with designed capacities of 7.5 MMTPA & 8.3 MMTPA respectively. The Mumbai refinery also has the biggest Lube Refinery in India with a capacity of 428 TMTPA.HPCL is expanding the capacities of its existing refineries at Mumbai and Visakhapatnam to 9.5 MMTPA and 15 MMTPA respectively. HPCL also holds around 48.99% stake in HPCL Mittal Energy Limited (HMEL) which owns and operates 11.3 MMTPA refinery at Bhatinda, Punjab and 16.96% equity stake in Mangalore Refinery and Petrochemicals Limited, which owns and operates a 15 MMTPA refinery at Mangalore, Karnataka. HPCL Rajasthan Refinery Ltd.(HRRL) is a joint venture of HPCL and Government of Rajasthan with 74% equity participation by HPCL and balance 26% by Government of Rajasthan. HRRL is setting up a 9 MMTPA greenfield refinery cum petrochemical complex in the state of Rajasthan.
SP Ports Private Limited (SPPPL) was incorporated on June 11, 2010. The company, with 99.99% shares, is the single largest shareholder of Simar Port Pvt. Ltd., which is developing a Greenfield Port at Chhara, Kodinar, in the state of Gujarat in India. SPPPL also holds 50% shares of West Coast Liquid Terminal Pvt. Ltd. which is developing an LPG and Liquid storage Terminal, and 50% shares of HPCL Shapoorji Energy Private Limited which is developing an LNG Terminal, both at Chhara.
SPPPL is a 100% owned subsidiary of Shapoorji Pallonji Infrastructure Capital Company Private Limited (SP Infra), established in 1997 to develop and own infrastructure assets. SP Infra is a 100% owned subsidiary of Shapoorji Pallonji And Company Private Limited, the flagship company of the Shapoorji Pallonji Group (SP Group) which was established in 1865 in India. The SP Group, a global diversified institution, has a leading presence in the sectors of Engineering & Construction, Infrastructure, Real Estate, Water, Energy and Financial Services. A strong employee base of over 69,000 people, deliver end-to-end solutions across over 70 countries. The group companies build mega-structures, develop multifaceted iconic landmarks, drive innovative technologies in water management, renewable energy, oil & gas and power, with a focus on good governance and sustainable development, to engineer a better planet.
The objective of this policy is to build and strengthen a culture of transparency and trust in the organization and to provide employees with a framework / procedure for responsible and secure reporting of improper activities (whistle blowing) and to protect employees wishing to raise a concern about improper activity / serious irregularities within the Company.