Hindustan petroleum corporation limited

Hindustan accelerator pedaleum corporation limitedChapter-11.1Introduction to Hindustan oil colour HPCL (Hindustan fossil oil bay windowpane Limited), a Navratna PSU of the Goernment of India, is a Fortune 500 political party of India listed at number 311 in the global 500 rankings, with an annual turnover of over Rs. 1,16,428 Crores and gross revenue/in have a go at it from operations of Rs 1,31,802 Crores (US$ 25,618 Millions) during fiscal year 2008-09, ab disclose 20% food market sh atomic number 18 in India and a strong market infrastructure. Corresponding figures for financial year 2007-08 be Turnover- Rs 1,03,837 crores, and gross sales/in fix from Operations- Rs. 1,12,098 Crores (US$ 25,142 Million).HPCL ope come ins 2 major refineries producing a spacious variety of petroleum give notices specialties, whiz in Mumbai (West gliding) of 5.5 Million Metric Tonnes Per Annum (MMTPA) content and the other in Vishakapatnam, (East Coast) with a capacity of 7.5 MMTPA. H PCL holds an equity stake of 16.95% in Mangalore Refinery Petro chemicals Limited (MRPL), a state-of-the-art refinery at Mangalore with a capacity of 9 MMTPA. Another Refinery of 9 MMTPA is at a lower place construction in Bathinda, Punjab by HMEL, a Joint Venture with Mittal life force investments Pte.Ltd.HPCL to a fault owns and operates the largest lubricating substance Refinery in India producing lubricator Base cover colors of supranational standards. With a capacity of 335 TMT. This make full Refinery accounts for over 40% of the Indias total Lube Base embrocate occupation. Presently HPCL produces over three hundred+ grades of Lubes, Specialities and Greases.The trade network of HPCL consists of 13 Zonal offices in major cities and 90 Regional offices facilitated by a Supply Distribution infrastructure comprising Terminals, tune Service Facilities, LPG Bottling marks, Lube filling plants, Inland Relay Depots, Retail Outlets (Petrol Pumps) and LPG Lube Distrib utorships.HPCL has, over the years, moved from strength to strength on all fronts. The subtlety capacity steadily growingd from 5.5 trillion metric tonnes in 1984/85 to 13.00 zillion metric tonnes (MMT) now. On the financial front, the turnover grew from Rs. 2687 crores in 1984-85 to Rs 1,31,802 Crores in pecuniary year 2008-09.1.2History of Hindustan crude oil Ltd. 1952 The Company was incorporated in the observe of timeworn Vacuum Refining Company of India Limited on July 5, 1952 under the Indian Companies Act, VII of 1913.1962 On 31st March the name was changed to ESSO Standard Refining Company of India Limited. 1976 With the nationalization of Caltex Undertakings in India the same were also taken over by the Government of India and subsequently unify with HPCL.1979 The undertakings of Kosan bollix up Company Ltd. were merged with HPCL. As part of the disinvestment in PSUs, sh ars of HPCL were sold by the Government to Financial Institutions, vernacular Funds and Bank s. Presently the Government holding in HPCL is 60.31%. The commensurateness is being held by Financial Institutions, Mutual Funds, Banks, Foreign Institutional Investors, Employees and idiosyncratic Sh areholders.It has co-promoted several articulation make believes like Mangalore Refinery Petrochemicals (MRPL), Hindustan Colas, Petronet India, Punjab Refinery Project, Visakh Power Project, Prize Petroleum Co S exposeh Asia LPG Co. 1983The capacity of lube plant was increased by an redundant 74,000 tonnes per annum of steep viscosity forefinger lube base stocks. 1985 The unsmooth social unit of measurement and related off-sites were licensed in January and fluid catalytic cracking unit was commissioned in August. During the year corporation embarked upon a project to combust the crude distillation capacity at Mumbai by 2 billion tonnes per annum at an viewd cost of Rs.45 crores. This project was commissioned in April. 1988 Mangalore Refineries Petrochemicals Ltd., i s the low say sector refinery being dictated up in the plain after(prenominal) the Government has allowed entry of the private sector in the petroleum purgation constancy. 1989 During the year corporation installed the latest C-generations concept 3*10 MW raftcel gasolene turbines to meet the power requirement at Bombay Refinery with facilities to generate steam simultaneously. 1991 During folk 3*10 MW gas turbine generators and heat reco precise steam generators were commissioned at a cost of Rs.79.22 crores at Mumbai. 1993 During March an MOU was entered into between Govt. of India and Govt. of Sultanate of Oman, HPCL and Oman Oil Co., Ltd., for setting up 6 million TPA refinery on the West Coast of India through a joint casualty company called Hindustan Oman Petroleum Co. Ltd. 1995 During February, the company issued 173,50,000 equity shares of Rs.10 each with detachable warrants of Rs.380 each as follows. a. On unwavering allotment basis i) 34,70,000 equity shares wi th warrants to Indian Financial institutions ii) 3,35,000 shares with warrants to Indian Mutual Funds. b. Preferencial allotment basis i) 17,35,000 shares with warrants to share to employees ii) 17,75,000 shares with warrants to shareholders of the company, iii) 34,70,000 shares with warrants to NRIs, balance 66,05,000 shares were issued to the public.1996 During the year March a joint venture with Colas S.A of France, the company commenced its first raise-of-the-art Bitumen emulsion Plant of 20,000 TPA capacity at Vashi, named Hindustan Coalas Ltd. 1999 the Statesn Express and Hindustan Petroleum pot has sign-language(a) a memorandum of rationality (MoU) for card acceptance at unhomogeneous gas stations. Hindustan Petroleum good deal Ltd (HPCL) and Gas Authority of India Ltd (GAIL) save entered into an promise for setting up a liquefied petroleum gas (LPG) grape and infrastructure from Visakhapatnam to Secunderabad via Rajamundry and Vijayawada. The Foreign Investment Promo tion table (FIPB) has allowed the joint venture of Hindustan Petroleum fraternity (HPCL) and union of France, to set up LNG terminals and venture into ravenriver activities such as marketing of petro-products, etc. Hindustan Petroleum Corporation Ltd (HPCL) is celebrating its money jubilee year with Shakti Utsavs in major Indian cities. Hindustan Petroleum Corporation Ltd. has introduced its in declareigent card in Bangalore for the first time in the country. 2004 HPCL Marketing Initiatives in Sri Lanka Hindustan Petroleum Corporation Ltd (HPCL) has make a 5050 joint venture with Total Gas and Power India (TGPI), a wholly-owned supplemental of Total France, to develop the biggest underground Cavern LPG Storage project at Visakhapatnam Gets give for industrial safety by National Safety Council, Kerala Chapter in chemical industries sector Inks pact with Shell India Private Ltd for product and infrastructure share-out between the two companies Signs agreement with US Pizza, a pizza outlet, which would be opening over 500 delivery units at HPCLs outlets around the country. The understanding is aimed at making the partnership the largest food chain in the country Mr S. Roy Choudhary has been appointed as Director-Marketing in Hindustan Petroleum Corporation Ltd (HPCL), stiff whitethorn 10 Hindustan Petroleum Corporation Ltd on June 26 sign-language(a) a memorandum of understanding with Indian Oil Corporation Ltd Birla Power Solutions, a Yash Birla Group company, has tied up with Hindustan Petroleum Corp Ltd (HPCL) to produce electricity generators, which run on LPG HPCL launches unique smart card Hindustan Petroleum Corporation signs MoU Confidentiality agreement with Chevron Texaco2005 HPCL signs MoU with RCF (Rashtriya Chemicals Fertilisers Ltd ) HPCL ropes in Sania Mirza to endorse retail brands Pizza coign forges alliance with HPCL Amex, HPCL unveils co-branded credit card HPCL opens unfermented LPG bunk in Visakhapatnam HPCL partners with MSF CL for bio- diesel venture HPCL signed an agreement with BP plc (formerly make outn as British Petroleum) to form 5050 strategic joint venture partnership HPCL signs MoU with Gail on November 16, 2005 2006 HPCL, MyTVS unveils MyTVS niner HP Smart1 cards HPCL signs MoU with SINOPEC HPCL join slip aways with Malbro Appliances to market LPG stoves Kamat Group joins hand with HPCL for food joints Nirlep Appliances Ltd, manufacturer of cookware, has entered into a marketing pack with HPCL for marketing non-stick cookware, considerably-ordered inner and outer lid pressure cookers and gas stoves. 2007 Hindustan Petroleum Corporation Ltd (HPCL) has inform that Shri. Arun Balakrishnan earlier Director (HR) has taken charge as hot seat Managing Director of the Company effective April 01, 2007 (AM). Hindustan Petroleum Corporation Ltd (HPCL) and ONGC have signed a Memorandum of Understanding (MoU), covering Product Sale Purchase, nucleotide Services and Co-operation in Energy related fields. Hindustan Petroleum Corporation Ltd (HPCL) has assured that Shri. P V Rajaraman, retired IAS Officer and former Chairman of Tamilnadu Industrial Investment Corporation has been co-opted as part-time Non-officio Director on the Board of the Company. Mr V. Vizia Saradhi assume charge as the Director, Human Re origins, of the HPCL on Aug 3. Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. V Viziasaradhi has been appointed as Director Human Resources on the Board of the Company effective August 03, 2007 (PM). 2008 Hindustan Petroleum Corporation Ltd (HPCL) has informed that Shri. L N Gupta, Joint Secretary Refineries, Ministry of Petroleum Natural Gas (MOPNG) has been co-opted as part-time ex-officio Director on the Board of HPCL at the Board merging held on June 25, 2008 (PM).2009 Hindustan Petroleum Corporation Ltd (HPCL) has appointed following firms as statutory / Branch Auditors for the Financial year 2009-10. V. Sankar Aiyar Co. Joint statutory Auditors Om Agarwal Co. Joint Statutory Auditors Gandhy Co. Branch Auditors for Visakh Refinery. 1.3ProductsHindustan Petroleum Corporation Ltd. a diverse range of products, from petrochemicals and solvents to aircraft enkindle and speciality lubricants and markets them through its wide network of Petrol Stations, Kerosene Dealers, LPG Distributors, Lube Shoppes, besides supplying fuel directly to hundreds of industries, and several international and domestic help airlines.Unaudited Financial Result for 2nd Quarter 2009-201028th Oct. 2009 Hindustan Petroleum Corporation Limited has registered a turnover of Rs. 25,868 crores for the degree July September, 2009 as against Rs. 32,691 crores in the identical foregoing period largely due to the decline in the international damages of crude rock oil color colour and products. The sales of petroleum products (including exports) have increased to 6.26 million tonnes registering a emergence of higher up 4% over the second pu ll in of the previous year. The yield in domestic sales during April September, 2009 was 6.4%, the highest growth among oil marketing PSUs. The refineries at Mumbai and Visakh processed 8.12 million tonnes of crude during April September, 2009 as against 7.55 million tonnes during April September, 2008. The combined GRM recorded for April September, 2009 was US $ 3.79 /bbl. On the financial front, the loss for the period July-September, 2009 was Rs.137 crores as against a loss of Rs 3,219 crores for July-September, 2008. However for the period April September, 2009, HPCL reported a profit after tax of Rs 512 crores as against a loss of Rs 4,107 crores during April September, 2008. The raise cost for July-September, 2009 was lower at Rs 249 crores, as equalityd to Rs 527 crores during the same period of previous year. The decrease in interest cost was due to lower levels of borrowings as also lower rates of interest. The net under recovery on sale of sensitive petroleum produ cts during the second quarter also came down to Rs 1,453 crores from Rs 1,818 crores during corresponding previous period. During the quarter, the foreign modify gain was Rs 92 crores as against loss of Rs 245 crores in the corresponding quarter of furthest year. The facilities for Euro III petrol product at Mumbai Refinery and at Visakh Refinery have been commissioned during this quarter. The sore JV Refinery at Bathinda, viz. HPCL Mittal Energy Ltd. (HMEL) is progressing as per schedule. About 50% tangible completion has already been achieved. The Project is progressing ahead of schedule and mechanical completion is expected by March, 2011. Chapter-2Review of literature2.1Review of Literature Hydro Oil Energy increases annual production growth rate to 8%(2002)NORDIC barter REPORT-12 June 2002-Hydro Oil Energy increases annual production growth rate to 8% (C)1994-2002 M2 COMMUNICATIONS LTD http//www.m2.com The Norwegian company Norsk Hydro ASA say today that it had revi sed up the production profile and average annual production growth rate of its Hydro Oil Energy business. Staying Power(2004)The trade union Sea oil industry is a quintessentially Scottish business, with its operational hub in Aberdeen. Aberdeen has built a reputation for rightness in supporting the UK oil and gas industry. With oil and gas production amounting to rough 3.7m put of oil equivalent a day (boe/d), Scotland dust a significant hydrocarbons producer in world terms. And a extensive amount of hydrocarbons remains to be produced up to 30bn boe, the UK Offshore Operators experience claims. scarce while the North Sea offers growth opportunities for niche operators, Aberdeen must overhaul out to other regions and new business areas. To remain an active source of oilfield services, a focus on look and development and innovative persuasion will be needed, as well as timely political science help. Oil wealth offers new opportunity(2004)With international banks set to enter Saudi-Arabian Arabias previously guarded markets, as the long-awaited capital market law comes into effect, the curse of increased competition is looming on the horizon for the countrys banks. At the same time, one of Saudi banks main sources of income the issuance of government base is slowly drying up. notwithstanding this, Saudi institutions can look forward to a bright in store(predicate) of growing loaning opportunities and robust profitability. As consumers embark on an oil-driven expense spree, the local market is as buoyant as it has been for many another(prenominal) years. Consumer lending shows no signs of abating and margins remain fat enough to compensate for a track off in the issuance of government debt. With Saudi Arabia pumping out more(prenominal) than nine million barrels of crude at oil prices above $35 per barrel, the government is overflowing with liquidity. QATAR Gas-based development delivers growth(2004)Qatari and international oil companies p lan to spend more than 55 billion dollars in the beside decade on hydrocarbons projects, according to an oil official in capital of Qatar this week. SIGNIFICANCE Qatar has developed a strategy to reduce dependence on oil and maximize its other hydrocarbons resources, and has undertaken significant economic and political reforms. The energy with which it has pursued these could provide a model for other Gulf states. Reforms fuel growth boom(2005)North Africa is a good place to do business. North African companies dominate the top companies rankings, be they the oil and gas companies of Algeria and Egypt touristry companies in Tunisia and Morocco or construction, telecoms and IT businesses throughout the sub-region. Egypts foreign reserves broke the $17 billion level to record $17.32 billion last February, compared to $16.6 billion in January. The formal economy is still dominated by the oil and gas sector, with Sonatrach accounting over 40% of GDP and 95% of exports. The telecoms sector has also posted strong growth. In the year September 2004, Orascom Algeria, through its subsidiary Djezzy, saw its revenues increase five-fold since 2002, from $107 million to $523 million. Algeria, through Sonatrach, is now the second largest supplier of gas to Europe after US mixed blessings(2006)Its a outstanding time to be in the US petroleum storage business. With imports of crude oil and gasoline reaching record levels and domestic refineries churning out products at an almost unprecedented pace, utilization rates have go on to climb at the tank farms that serve the energy industry. In many parts of the country, terminals are operating at or near capacity. In response to these favorable market conditions, the industry has experienced some expansion, with outperform limited partnerships (MLPs), such as Valero, leading the way. Magellan Midstream Partners (MMP) juvenilely added 0.6 million barrels of capacity to its refined-products terminals in Corpus Christi, TX, a nd Marrero, LA. Because of the long lead time required, the ending to add tankage is not one firms take lightly. slightly terminal companies are opting instead to expand capacity through acquisition, continuing the trend towards industry consolidation.Growth rate in India may dip due to oil prices, inflation (2006 ) pertly Delhi, Sep 3 Indias scorching economic growth rate, the second fastest in the world after China for the last three years, is expected to slow down this fiscal due to high international oil prices and fear of high inflation. The Confederation of Indian manufacturing (CII) is sticking to its June projection of India clocking around eight percent growth in 2006-07, less than the economic growth of 8.4 percent last fiscal. The estimate of lower growth, the leading industry lobby states in its latest State of the Economy (SOE) report, is based on expectations of higher inflationary pressures strives, some problems, and oil industry earnings growth is slowing down( 2007)The giant oil company, formed by the merger of HPCL. and Amoco Corp. in 1998, has set the bar high with production growth tar catch up withs that exceed those of its competitors.Oil Gas(2009 ) The oil and gas industry has been submissive in fuelling the rapid growth of the Indian economy. The petroleum and natural gas sector which includes transportation, refining and marketing of petroleum products and gas constitutes over 15 per cent of the GDP.Petroleum exports have also emerged as the single largest foreign exchange earner, accounting for 17.24 per cent of the total exports in 2007-08. Growth continued in 2008-09 with the export of petroleum products touching US$ 23.63 billion during April-December 2008.In November 2008, the Cabinet commission on Economic Affairs awarded 44 oil and gas geographic expedition blocks under the seventh round of sell of the New Exploration Licensing indemnity (Nelp-VII). The general number of blocks brought under exploration now exceeds 2 00.The allocation is possible to bring in investments worth US$ 1.5 billion. The eighth round of auction is going to be later this year. Govt may hike petrol price by Rs2 a litre, diesel by Re1 (2009)The government has been mulling decontrolling petrol and diesel prices for couple of months now but may be fast losing the window as the move would now result in steep drum in fuel pricesOil India plans IPO to raise as more than as $570 mln( 2009)NEW DELHI, Aug 25 (Reuters) Explorer Oil India Ltd plans to raise as much as 27.8 billion rupees ($570 million) through an IPO next month, a senior official said, making it the second state-run firm to offer new shares to the public this year.Oil India, which deferred an IPO last year amid the global financial crisis, has set a price band of 950 rupees to 1,050 rupees a share, Director for Finance T. K. Ananth Kumar said by phone on Tuesday.We have set an exploration and production programmed for the next two years where we will use the IPO proceeds, he said.Oil India, which is tasked with scouting for oil and gas along with larger state-run rival Oil and Natural Gas Corp (ONGC.BO), has planned to invest 45 billion rupees in exploration and production over the next two years, he said.Some alternate fuels show growth rate(2009)A lot has been scripted lately around natural-gas powered vehicles. A story appeared Feb. 16 in the Oil Gas Journal by Sam Fletcher that pointed out that natural gas has been around as a transportation fuel since domain of a function War II.Natural gas vehicles have increased dramatically in recent years from 1.7 million vehicles worldwide in 2001 to more than 7 million today. NGVs have increased rapidly in Europe and South America primarily because of environmental concerns and rising prices for crude oil, gasoline and diesel. The International Association for Natural Gas Vehicles predicts a growth rate of 18 percent, which represents about 65 million NGVs by 2020.Chapter-33.1Objectives of St udyThe objective of the research is to athletic field the growth rate of Hindustan Petroleum. It includes following-Growth of Hindustan Petroleum as compare to the other petroleum companies.To subscribe to the brand attribute of the Hindustan Petroleum.To analyze the felicity level of the clients for the services of Hindustan Petroleum.The objective of the model is also to predict the mien of a customer, regarding consumption of Hindustan Petroleum .Over all take up of marketing process .Chapter-4 inquiry ruleology4.1Sampling Plan-Universe The area of study is Jalandhar and nearby areas.Sampling Procedure In this study, the respondents were chosen through whatchamacallum sampling was undertaken where all the accessible persons were contacted by tracing them from the records. Contact Method The respondents were contacted personally and information was derived and questionnaires were filled. Sample Size 100Sampling proficiency A non-probability sampling technique i.e. convenie nce sampling is used.4.2Research Design-Research normal is simply the framework or plan for a study used as a guide in hoard and analyzing the selective information. It is the sober print that is following in completing a study. The research design must be accordingly.Formulating objective of the study.Designing the method of information charm. assemblage of dataSuggestions and recommendations.Conclusion and interpretations.Research includes questionnaires, observations and facts used to find enquiries of different kind. Questionnaires for customers and retailers are framed out to get to know the main problems of both customers and retailers.4.3 citation of Data Collection-PRIMERY DATA- It is the data which is calm initially for the first time. It helps in the validation of secondary data from secondary sources. The main sources of chief(a) data are questionnaires, observations, personal interactions, interviews.SECONDARY DATA- Secondary data is the details that are availabl e in the form of facts and figures. The sources of secondary data are Magazines, journals, websites, books.In this research both primary(a) and secondary data is used to get the accurate information.4.4Research instruments or tools used-Research instruments or tools used for collection of information are questionnaires, study of market, information collected from website. finished questionnaires customers and tell about the services provided by Hindustan Petroleum. They also give details about their problems. They give their suggestions for the improvement in the services. Their answers and information collected through websites, magazines and theme tell about the market position of Hindustan Petroleum. These tools help in analyzing and rendition the result of the research. Analytical Design-Mathematical tools like mean pip percentage, chi square test and Z- test etc were used.Limitations-I do look that at that place were some limitations in collecting the data from both prim ary and secondary sources. The main bandagedaries wereSome customer may not have given the actual information because of lack of time.The results found are bound to change with every introduction of new schemes by any of the brands.Some people manning the outlet did not share the required information with the research investigators.Data collection error may be there to abuse response from respondent as some time they are not right person who takes actual decision.As per knowledge data was collected and analyzed, error may be thereChapter-5InterpretationThe above data is presentation the growth of Hindustan Petroleum. The table is showing the growth in sales of Hindustan Petroleum in terms of cost of goods sold, EBITDA, IBECC, and Sales per employee. Now first of all we will study the sales of Hindustan Petroleum, the above data is showing the figures from the year 2003 to 2009. In 2003 the sales was -2.1% which is showing the lose of Hindustan Petroleum. It is showing the declini ng maculation of the company, but if we will pay heed the figures of 2004 then we will come to know that there is a quick rise in the sales of Hindustan Petroleum from -2.1% to 6.0%, which is very good for the growth of the company. Like this only if we will see the data of 2005 then there is a shocking growth in the sales of Hindustan Petroleum from 6.0% to 13.9%. exclusively if we will look on the sales of 2006 the growth then there is a slow down in the sales of Hindustan Petroleum. If we will see the sales from 2007 to 2009 then we will come to know then the sales of Hindustan Petroleum is continues rise in sales. uniform is the condition of cost of goods sold and EBITDA there is a continues rise in sales. If we will talk about the sales per employee then we will come to know that there is increase in sales per employee because the numbers of employees are also increase. So we can say that if the number of employees will increase then the sale per employee will also be incre ase. So the overall table is showing the growth of sales of Hindustan Petroleum. synopsis of the Respondent of CustomersThe questionnaire (given in the end of the report) was used to gather information on the following areasWhere does Tata Hindustan Petroleum stand in the market against the other petroleum players?Problems of the customers regarding the service provided by Hindustan Petroleum.Suggestions and recommendations taken from customers.Sample Size 100 Sampling Area Jalandhar Analysis has been make with the help of software named SPSS i.e. Software of Processing of Social Sciences. main methods used for the analysis are Factor Analysis, Z-test, and Mean Ranking as per the necessity of the question. It helps in determining the results on the basis of the answers given by customers who are using the service of Hindustan Petroleum primarily and secondarily. This software is very beneficial for getting the results. It is not time consuming and easy to operate. We salutary ha ve to fill the answers in the SPSS sheet we get the required publication in fractions of seconds.Chapter-6Summary, Conclusions Recommendations6.1SummaryThis term paper is about the growth rate of Hindustan Petroleum. The watch over has been done in Jalandhar and nearby places. This research also helps in gaining a lot of practical knowledge which is different from mere theoretical knowledge. The term paper contains the introduction of the Hindustan Petroleum. We are here in technological age. In the market which are providing different products and services to their customers so that they can sustain in this era of tough competition.Now, India is coming up with new concepts to become a developed country in the world and also trying its better to provide all the available resources to its people. In this project both primary and secondary data is collected to analyze the market properly.After collecting the data from primary and secondary sources, analysis has been done with the help of SPSS. Through this survey we come to know that growth rate of Hindustan Petroleum is increasing day by day .6.2ConclusionsThe survey has been done to take sure parameters which are essential for good petroleum service parameters. This survey has done in Jalandhar and nearby areas. The main conclusions that I have figure out are followingHp has a good brand image in the market. Due to which customers buy their product.Advertisement play very effective role in promoting products.HP is able to provide the information of new schemes and products to the costumer on time.HP is successful to solve the problems of costumer on time.6.3RecommendationsAfter doing the analysis of study we come across the number of conclusions. Hindustan Petroleum is facing number of problems in the market due to other companies. But as India has a huge market for business so there is a scope for those who really want to do something for themselves as well as for people. The main recommendations for Hi ndustan Petroleum are given below which can help it to improve and pick up its position.HP should work on its marketing strategies so that it can gain the attention of more and more people.More and more advertisement should be given .Seriously deals with the problems of customers. This may forces the customers to be loyal toward this brand. It should provide information about new schemes to its customer on time .ReferencesReference to a bookKothari, C.R. Research Methodology, quaternary edition. New Delhi Kalyani publishers,2007Kotler, Philip, (2006), Marketing Management Planning, Analysis, Implementation and Control, New Delhi, Pearson Education, Inc.Naresh K. Malhotra., (2005), Marketing Research, New Delhi Pearson Education, Inc.Reference for an articlehttp//www.livemint.com/Articles/keywords.aspx?kw=Hindustan%20Petroleumhttp//www.ibef.org/industry/oilandgas.aspxhttp//proquest.umi.com/pqdweb?index=0did=824057411SrchMode=1sid=3Fmt=4VInst=PRODVType=PQDRQT=309VName=PQDTS=1256141933 clientId=129893http//proquest.umi.com/pqdweb?index=7did=982527671SrchMode=1sid=2Fmt=3VInst=PRODVType=PQDRQT=309VName=PQDTS=1256141881clientId=129893http//proquest.umi.com/pqdweb?index=10did=783954681SrchMode=1sid=2Fmt=2VInst=PRODVType=PQDRQT=309VName=PQDTS=1256142461clientId=129893http//proquest.umi.com/pqdweb?index=11did=676362041SrchMode=1sid=2Fmt=2VInst=PRODVType=PQDRQT=309VName=PQDTS=1256142461clientId=129893http//proquest.umi.com/pqdweb?i