Hindustan Petroleum Corporation Limited (HPCL) is a major public sector undertaking in India, primarily engaged in the refining and marketing of petroleum products. It operates refineries in Mumbai and Visakhapatnam, along with a vast network of retail outlets and LPG bottling plants.

In Q2 FY '26, HPCL reported a significant 731% increase in profit at INR 8,201 crores compared to the previous year, highlighting consistent quarterly profits above INR 3,000 crores across the last four quarters.

The company has successfully reduced its debt from INR 63,323 crores as of March 31, 2025, to INR 55,808 crores by September 30, 2025, accomplishing a debt-equity ratio of 1.07 from 1.38, with a target of sub-1 by year-end.

HPCL recently announced large investments in refinery upgrades and expansions, with notable projects like the Vizag RUF and Barmer refinery aiming to enhance production capabilities and profitability.

Through strategic initiatives like 'Samriddhi,' HPCL is targeting operational efficiencies and cost savings, exceeding initial cost-reduction targets and planning for continued improvements.