Top 10 Refineries companies in India

The refining industry in India plays a crucial role in the country's energy sector, processing crude oil into various refined products such as petrol, diesel, and kerosene. This article highlights the top 10 refinery companies in India, detailing their key refineries, products, innovations, and market presence.

Today, India is one of the largest consumers and importers of crude oil, with a robust refining capacity that caters to both domestic and international markets. The sector is characterized by a mix of public sector undertakings (PSUs) and private players.

Top Refineries Companies List by Market Capitalisation

India is one of the largest oil-producing countries in the world, and the country's refining sector plays a crucial role in meeting its energy demands. Refineries convert crude oil into various petroleum products, including gasoline, diesel, jet fuel, and lubricants. In this blog post, we will explore the top 10 refineries companies in India and their contributions to the sector.

1. Reliance Industries Ltd

Market Cap: ₹ 2044941.77 Cr.
Sales (latest quarter): ₹ 236533 Cr.
Net Profit (latest quarter): ₹ 21243 Cr.
Quarterly profit growth: -1.34 %
Exchange: BSE, NSE
Official Website: ril.com

RIL is a diversified conglomerate and operates the largest private refinery in India. Its Jamnagar Refinery, located in Gujarat, has a refining capacity of over 45 million metric tons per year. RIL is also a major player across the energy, petrochemicals, and retail sectors.

RIL was founded by Dhirubhai Ambani in 1966 as a textile company. Over the years, it diversified its operations and expanded into various other sectors. In 1977, RIL entered the petrochemicals sector with the commissioning of its polyester yarn plant. The company ventured into the energy sector in 1980 with the establishment of its first oil refinery.

The Jamnagar Refinery complex consists of two refineries producing a vast array of products including petrol, diesel, jet fuel, and petrochemicals.

2. IOCL (Indian Oil Corporation Ltd)

Market Cap: ₹ 247404.1 Cr.
Sales (latest quarter): ₹ 198649.76 Cr.
Net Profit (latest quarter): ₹ 5487.92 Cr.
Quarterly profit growth: -49.96 %
Exchange: BSE, NSE
Official Website: iocl.com

IOCL is India's largest oil refiner and marketer. It operates ten refineries in India, with a combined refining capacity of over 66 million metric tons per year. IOCL is also a major global player in the petrochemical industry.

IOCL's major refineries include the Panipat Refinery, Mathura Refinery, and Gujarat Refinery. The company produces a wide range of petroleum products including petrol, diesel, LPG, and lubricants.

3. BPCL (Bharat Petroleum Corporation Ltd)

Market Cap: ₹ 144843.76 Cr.
Sales (latest quarter): ₹ 116554.73 Cr.
Net Profit (latest quarter): ₹ 4789.57 Cr.
Quarterly profit growth: -36.39 %
Exchange: BSE, NSE
Official Website: bharatpetroleum.in

BPCL is another government-owned refiner and operates four refineries in India. With a refining capacity of over 40 million metric tons per year, BPCL is the second-largest refiner in the country.

Bharat Petroleum Corporation Ltd (BPCL) is an Indian government-owned oil and gas corporation that is headquartered in Mumbai, Maharashtra. Established in 1952, BPCL is the second-largest oil refining company in India and is one of the largest oil refining complexes in the world.

BPCL operates major refineries such as the Mumbai Refinery and Kochi Refinery, producing fuels, lubricants, and petrochemical products.

4. HPCL (Hindustan Petroleum Corporation Ltd)

Market Cap: ₹ 82747.57 Cr.
Sales (latest quarter): ₹ 114677.63 Cr.
Net Profit (latest quarter): ₹ 2709.31 Cr.
Quarterly profit growth: -24.91 %
Exchange: BSE, NSE
Official Website: hindustanpetroleum.com

HPCL is India's largest refiner and is owned by the government of India. It operates seven refineries in India, with a combined refining capacity of over 65 million metric tons per year.

HPCL was established in 1974 as a public-sector enterprise under the ownership of the Government of India. It was formed through the amalgamation of three major oil companies, viz. Indian Refineries Ltd, Indian Oil Company Ltd, and Burmah Shell. HPCL's primary focus is to meet the growing demand for petroleum products in the country and contribute to the energy security of the nation.

HPCL operates nine refineries across India, which are located in Mumbai, Visakhapatnam, Numaligarh, Kochi, Digboi, Bathinda, Mathura, refineries at two locations in Maharashtra, and a joint venture refinery in Mangalore. These refineries produce a wide range of petroleum products, including gasoline, diesel, jet fuel, lubricants, LPG, and bitumen. HPCL is also involved in the production of petrochemicals, such as petrochemical intermediates and polymer products.

5. MRPL (Mangalore Refinery And Petrochemicals Ltd)

Market Cap: ₹ 37260.28 Cr.
Sales (latest quarter): ₹ 25328.67 Cr.
Net Profit (latest quarter): ₹ 1138.5 Cr.
Quarterly profit growth: -40.22 %
Exchange: BSE, NSE
Official Website: mrpl.co.in

Mangalore Refinery and Petrochemicals Limited (MRPL) is a subsidiary of ONGC, operating a state-of-the-art refinery in Mangalore, Karnataka.

The Mangalore Refinery produces a variety of products including high-speed diesel, petrol, and petrochemical feedstocks.

6. CPCL (Chennai Petroleum Corporation Ltd)

Market Cap: ₹ 14512.58 Cr.
Sales (latest quarter): ₹ 17720.18 Cr.
Net Profit (latest quarter): ₹ 612.38 Cr.
Quarterly profit growth: -39.02 %
Exchange: BSE, NSE
Official Website: cpcl.co.in

Chennai Petroleum Corporation Limited (CPCL) is a subsidiary of IOCL, operating two major refineries in Tamil Nadu. CPCL was established on October 5, 1965, as a joint-venture company between ONGC, BPCL, and IOCL. The company's initial aim was to refine crude oil imported into India. The government's objective was to establish refineries in various parts of the country to ensure fuel security and reduce dependence on imports.

CPCL's Manali Refinery and Cauvery Basin Refinery produce a range of products including fuels, lubricants, and petrochemicals.

7. Gandhar Oil Refinery (India) Ltd

Market Cap: ₹ 1955.91 Cr.
Sales (latest quarter): ₹ 939.24 Cr.
Net Profit (latest quarter): ₹ 12.11 Cr.
Quarterly profit growth: -58.81 %
Exchange: BSE, NSE
Official Website: gandharoil.com

Gandhar Oil Refinery (India) Ltd is a leading Indian oil company that owns and operates an oil refinery in the state of Uttar Pradesh. The company was founded in 2005 and has since become a key player in the refining industry in India.

The Gandhar Oil Refinery is one of the largest refineries in India, with a processing capacity of over 100,000 barrels per day. The refinery specializes in refining crude oil to produce a wide range of petroleum products, including gasoline, diesel, jet fuel, lubricants, and petrochemicals.

The refining process involves several steps to purify and convert crude oil into finished products. The key steps include Crude Oil Reception, Distillation, Catalysis Cracking, Additives and Storage and Distribution.

8. Resgen Ltd

Market Cap: ₹ 168.85 Cr.
Sales (latest quarter): ₹ 30.41 Cr.
Net Profit (latest quarter): ₹ 3.96 Cr.
Quarterly profit growth: 0 %
Exchange: BSE, NSE
Official Website: resgen.in

Resgen Ltd is a leading renewable energy company based in India. With a strong commitment to sustainability and a focus on the clean energy sector, Resgen Ltd is committed to building a cleaner and greener future for India.

Resgen Ltd was founded in 2010 and has since become a major player in the Indian renewable energy industry. The company is headquartered in Mumbai, Maharashtra, and operates throughout India.

Resgen Ltd offers a wide range of sustainable energy solutions to meet the diverse energy needs of India. The company focuses on developing and deploying solar and wind power projects, as well as implementing energy efficiency measures.

9. Numaligarh Refinery Limited

Market Cap: ₹ 0 Cr.
Sales (latest quarter): ₹ 0 Cr.
Net Profit (latest quarter): ₹ 0 Cr.
Quarterly profit growth: 0 %
Exchange: BSE, NSE
Official Website: nrl.co.in

Numaligarh Refinery Limited (NRL) is a subsidiary of BPCL, operating a major refinery in Assam, catering to the northeastern region of India.

NRL produces high-quality petroleum products including diesel, petrol, and wax, serving both domestic and international markets.

10. Nayara Energy Limited

Market Cap: ₹ 0 Cr.
Sales (latest quarter): ₹ 0 Cr.
Net Profit (latest quarter): ₹ 0 Cr.
Quarterly profit growth: 0 %
Exchange: BSE, NSE
Official Website: nayaraenergy.com

Nayara Energy Limited, formerly known as Essar Oil, operates a major refinery in Vadinar, Gujarat, which is one of the most complex refineries in India.

The Vadinar Refinery produces a wide range of petroleum products, including high-octane gasoline, ultra-low sulfur diesel, and aviation fuel.

Conclusion

India is home to some of the largest refineries companies in the world. These refineries play a vital role in meeting the country's growing demand for petroleum products and contribute to the overall economic development. The top 10 refinery companies highlighted in this article are at the forefront of this sector, driving innovation, efficiency, and sustainability. Their continued efforts will be crucial in shaping the future of energy in India. For the latest updates on their financial performance, strategic initiatives, financial reports, and market analysis, and other corporate developments, it would be profitable to review their official website.