Oil refinery ventures are boosting up in India due to the increasing demand for diesel and petrol. According to IBEF oil demand in India is projected to register a 2x growth to reach 11 million barrels per day by 2045. Consumption of natural gas in India is expected to grow by 25 billion cubic metres (BCM), registering an average annual growth of 9% until 2024.
To meet future demand; as a part of the rapid expansion plan, India aims to commercialize 50% of its SPR (strategic petroleum reserves) to raise funds and build additional storage tanks to offset high oil prices. And in May 2022 ONGC announced plans to invest US$ 4 billion from FY22-25 to increase its exploration efforts in India.
There are many steps involved to process crude oil into valuable fuels, here is the list of top oil refinery companies in India in 2022 that help us to get usable fuel:
Reliance Industries
Reliance Industries is among the top refinery companies in the Indian market, incorporated on 08 May, 1973. It operates the world’s biggest refinery, Jamnagar Refinery, with a daily output of 1,240,000 barrels.
The private sector crude oil refinery can process a broad range of crude oils and create several petroleum products, like Hydrocarbon, gas value chain, natural gas exploration, Gasoline, Jet or Aviation Turbine Fuel, High-Speed Diesel, Sulphur, Petroleum Coke, Petrochemicals and exports fuels worldwide.
| Operating Revenue | Over INR 500 cr |
| EBITDA | -35.39 % |
| Networth | 11.75 % |
| Debt/Equity Ratio | 0.41 |
| Return on Equity | 6.73 % |
Purchase financial report. Or view Sample report.
CIN number: L17110MH1973PLC019786]]
Indian Oil Corporation Limited
Indian Oil Corporation Limited is an Indian government-owned oil and gas corporation. It is one of the largest oil refinery companies in India, it was founded in 1959 located in Mumbai.
The company is involved in exploration, extraction, refining and transportation of crude oil, natural gas, and petroleum products. IOCL has the largest refining capacity with 171.9 million tons of crude oil annually, where 15 refineries are involved. It has a network of over 14,000 outlets in India.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 77.31 % |
| Networth | 17.84 % |
| Debt/Equity Ratio | 0.87 |
| Return on Equity | 19.76 % |
Purchase financial report or view Sample report.
CIN number: L23201MH1959GOI011388
Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited (BPCL); popularly known as Bharat Petroleum which was incorporated on 03 November, 1952. It is another Indian Government owned oil and gas refinery company based in Mumbai, India.
BPCL is second largest refinery company in India by capacity with a combined refining capacity of 101.75 million tons annually. It operates five refineries in India, BPCL has a network of over 9,300 retail outlets in India, Nepal, and Sri Lanka. The company is involved in fuels and services, bharat gas, MAK lubricants, pipelines, natural gas, industrial fuel products, petroleum, aromatics, aviation fuel.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 158.02 % |
| Networth | 64.22 % |
| Debt/Equity Ratio | 0.53 |
| Return on Equity | 34.91 % |
Purchase financial report or view Sample Report.
Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited (HPCL) commonly known as Hindustan Petroleum, it is classified as an Indian Government oil and gas company headquartered in Mumbai, Maharashtra, India. Hindustan Petroleum is the third largest oil refining company in India, with a combined refining capacity of 84.99 million tons per year
It is responsible for manufacturing a wide range of petroleum products, including gasoline, diesel, lube products, lubricating oil, aviation fuel, hydraulic brake fluid, greases, liquefied petroleum gas and insecticides. HPCL has four refineries, it has a network of over 5,200 retail outlets in India.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 210.83 % |
| Networth | 24.94 % |
| Debt/Equity Ratio | 1.16 |
| Return on Equity | 29.47 % |
CIN number: L23201MH1952GOI008858
Oil & Natural Gas Corporation Ltd
Oil And Natural Gas Corporation Limited; popular as ONGC is one of the biggest oil refinery in India. The company was incorporated on 23 June, 1993 and is a Government owned company of India company and is based in South West Delhi, Delhi. ONGC subsidiary HPCL is a Maharatna
Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71 percent to Indian domestic production. It is in charge to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 105.96 % |
| Networth | 15.93 % |
| Debt/Equity Ratio | 0.03 |
| Return on Equity | 17.00 % |
