27th February, 2003
Ministry of Petroleum & Natural Gas


CAPITAL INVESTMENT IN HPCL AND BPCL


LOK SABHA

Shri Santosh Kumar Gangwar, Minister of State for Petroleum and Natural Gas informed the Lok Sabha in a written reply today that out of the total paid-up capital of Hindustan Petroleum Corporation Limited (HPCL) of Rs. 338.83 crore, the Government of India holds an equity of Rs. 173.08 crore. Similarly, out of the paid-up capital of Bharat Petroleum Corporation Limited (BPCL) of Rs. 300 crore, the Government holding amounts to Rs. 198.60 crore. The funds borrowed by HPCL as on 31.12.2002, are Rs. 1778.60 crore and those borrowed by BPCL are Rs. 2004.62 crore. Shri Gangwar also informed that HPCL has a total number of 11,263 employees and BPCL has 12,533 employees as n 31.12.2002.

The Minister provided the following details of net profit earned during the last three years by HPCL and BPCL:

(in crores of Rupees)

Financial Year

HPCL

BPCL

1999-2000

1,057.41

701.63

2000-01

1,088.01

832.66

2001-02

787.98

849.83

       
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