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HPCL-Mittal Energy Limited (HMEL) is an Indian integrated refining and petrochemical company, with operations spanning crude oil refining and petrochemical manufacturing. It is a public-private partnership between fortune 500 company, Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investments Pte Limited (MEIL), a part of the Lakshmi N. Mittal Group.
Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector undertaking in petroleum and natural gas industry, headquartered in Mumbai. It is a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Government of India and under the administration of Ministry of Petroleum and Natural Gas .
Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India among public-sector companies (PSUs) and a strong marketing infrastructure.
As of June 2020, 71.63% shares were held by ONGC, 16.95% shares were held by Hindustan Petroleum Corporation Limited (HPCL), and the remaining shares were held by financial institutions and the general public. [4] MRPL has been declared a Miniratna (mini jewel), by the Government of India in 2007. [7]
The dividend yield or dividend–price ratio of a share is the dividend per share divided by the price per share. [1] It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant. It is often expressed as a percentage.
Guru Gobind Singh Refinery (GGSR) is a joint venture refinery owned by HMEL, a joint venture between HPCL and Mittal Energy Investment Pte Ltd, owned by Laxmi Mittal. It is the tenth largest refinery in India. [1] The work for refinery started in 2008 and the refinery became operational in March 2012. [2]