#1Hindustan Petroleum Corporation Limited Investor Presentation 30th May, 2023 Mumbai हिन्दुस्तान पेट्रोलियम HP#2Plan of Presentation विदुकान पेट्रोलियम HP Plan of Presentation Corporate Overview } 2 Business Overview Performance Overview Future Plans हिन्दुस्तान पेट्रोलियम HP#3Corporate Overview#4Integrated Refining & Marketing Company Shareholding Profile as of 31st March, 2023 हिन्दुस्तान पेट्रोलियम HP ■ 7.97% ■ 7.54% HP MAHARATNA • Maharatna Company since 2019 Operating for 100+ years . • Pan India presence • • Strategically located installations Enduring relationship with stakeholders 4 * ■ 13.06% हिन्दुस्तान पेट्रोलियम HP 2.17% ■ ONGC ■ FPIs ■ Mutual Funds ■ Non- Institution S ■Insurance Cos. ■ 54.90% ■ 14.36% Strong presence in India in Oil & Gas Sector 11.60% *Refining Capacity in India 19.14% Domestic Market share in Petroleum Products Visakh refinery Under Capacity Expansion to 15 MMTPA (~ 13.9 % post expansion) 4#5Legacy of over 100 years STANDARD 1952 1911 ......... Incorporation Of Standard Marketing operations in India by Standard Oil Company Vacuum Refining Company of India Ltd. (Stanvac) निशियन हिन्दुस्तान पेट्रोलियम HP MAHARATNA HP हिन्दुस्तान पेट्रोलियम HP 2019 2018 HP 1997 1978 LUBE INDIA 1974 Gol transfers its 51.11% Maharatna status to HPCL Esso equity share to CALTEX 1955 Incorporation 1962 O . 1969 ........ Stanvac's name changed to ESSO Commissioning of 165 TMTPA Lube refinery at Mumbai by Lube India Formation of HPCL by Amalgamating ESSO and Lube India Ltd Merger of Caltex Navratna Status to HPCL undertaking in India into HPCL of Caltex Oil Refining Co. Standard Refining Company of India Ltd Ltd 5 сл ONGC HP MAHARATNA हिन्दुस्तान पेट्रोलियम HP#6Core Strengths 400 Strategically Located Assets World Class Assets • Refineries in East, West, South and North of Country . Refineries connected with cross country pipeline • Over 80% product evacuation from refineries through cross country pipelines Distribution facilities across country Mumbai Refinery • Strong Collaboration Capabilities First LPG cavern in country in PPP Model Set-up first refinery in country under PPP Model First refinery in Country with State Government participation Strong Operational Efficiencies Leveraging Contemporary technologies Visakh Refinery Guru Gobind Singh Refinery (JV) Strong in-house R&D support Consistent Operating Profits Trained & Efficient Human Capital - Manpower strength of 8,500 Nos with Average age of 43 • Lean manpower structure • • Capable & competent workforce LPG Cavern by SALPG(JV) Mundra Delhi Pipeline 6 हिन्दुस्तान पेट्रोलियम HP#7Global Recognitions Global Ratings At par with India's sovereign rating MOODY'S INVESTORS SERVICE Fitch Ratings dun&bradstreet PSU & GOVERNMENT- SUMMIT 2022 Best Digital Transformation Initiatives Hindustan Petroleum Corporation Limited dun&bradstreet PSU& GOVERNMENT SUMMIT 2022 हिन्दुस्तान पेट्रोलियम HP Baa3 (Stable) BBB- (Stable) Recipient of dun & bradstreet's 'PSU Awards' 2022 in Digital Transformation category 7 हिन्दुस्तान पेट्रोलियम HP#8Business Overview#9Diversified Portfolio Refining 17.8 MMTPA (*HPCL Capacity) 11.3 MMTPA (JV Capacity) XXXXXX E&P Along with JVs/ subsidiary Marketing 42.2 MMT (domestic) Renewables Wind & Solar Pipelines हिन्दुस्तान पेट्रोलियम HP 185 MW Visakh refinery Under Capacity Expansion to 15 MMTPA from 8.3 MMTPA 9 5,132 Kms JVS & Subsidiaries 19 Numbers Exports 1.2 MMT R & D 53 Products & Technologies All figures are as of March 2023 हिन्दुस्तान पेट्रोलियम HP#10Strategically Located Refineries HMEL Refinery (JVC) Mumbai Refinery B5 Visakh Refinery Mangalore Refinery B (JVC) Stake in HMEL: 48.99% Stake in MRPL 16.96% 0 10 10 Refining Capacity in MMTPA Mumbai Visakhapatnam Total HPCL HMEL (JVC) 9.5 8.3* 17.8 11.3 29.1 Total (Marketing Rights) *Under Capacity Expansion to 15 MMTPA progressively Lube Refinery (Mumbai): 428 TMTPA हिन्दुस्तान पेट्रोलियम Coastal Refineries Pipeline connectivity to hinterlands Product evacuation majorly through Pipelines HP#11Key Features of Refineries Mumbai Refinery Commissioned in 1954 with crude processing capacity of 1.25 MMTPA, currently augmented to 9.5 MMTPA capacity • Upgraded to produce BS -VI fuel grade • Diverse product portfolio Largest Lube Refinery accounting ~40% of India's total LOBS production • 80% of product evacuated through Pipelines Visakh Refinery Commissioned in 1957 with crude processing capacity of 0.65 MMTPA, currently augmented to 8.3 MMTPA Project for enhancement of capacity to 15 MMTPA in progress. CDU-4 commissioned as part of VRMP (Visakh Refinery Modernisation Project) Upgraded to produce BS -VI fuel grade Multiple Crude receipt facilities: Single Point Mooring facility (SPM) and ISPRL cavern 60% of product evacuated through Visakh-Vijayawada-Secunderabad P/L 11 Mumbai Refinery Visakh Refinery हिन्दुस्तान पेट्रोलियम HP#12Pan India Network Distribution Network Cross country POL POL Depots LPG Plants pipeline Terminals Aviation Service Facilities Lube blending Plant 17 43 72 55 54 6 Customer Touch Points Retail Outlets LPG Distributors 21,186 6,283 छ Industrial Lube Distributors 126 Door to Door Delivery Vehicle 760 12 CNG Dispensing Stations 1,387 剛 EV Charging Facilities 2,037 All figures are as of March 2023 हिन्दुस्तान पेट्रोलियम HP#13Cross Country Pipeline Network LPG Pipeline Liquid POL Pipeline Barwala-Hisar Ramanmandi- Bathinda P/L Bahadurgargh- Trikikalan P/L Ramanmandi - Bahadurgarh P/L *17 cross country Pipelines with total Pipeline network of 5,132 kms Bathinda Refinery Bahadurgarh Delhi Awa - Salawas P/L Ajmer Mundra Delhi P/L Palanpur Mundra Vadodara Chakan Cherlapally Solapur S'bad Palanpur Vadodara P/L Mumbai Refinery Mumbai - Pune Solapur P/L Uran Kanpur Rewari Kanpur P/L Hassan-Cherlapally P/L Visakh Refinery R' Mundry Vizag-Vijaywada- Secun'bad P/L Pipelines by JV companies 1,380 Kms 1,017 Km: HPCL Mittal Crude P/I, 363 Km: PMHBL Hazarwadi Anantpur Vijayawada Kadapa Uran-Chakan LPG P/L Hassan MANGALORE B'lore Mangalore-Hassan - Mysore LPG P/L Dharmapuri Vijaywada-Dharampuri P/L Second largest Petroleum product pipeline Company in India *Product Pipeline includes: 21Km: Mumbai Vashi Black oil Pipeline (BOPL), 20Km: MR to Airport ATF Pipeline and 17Km: Trombay to Wadibunder Lube Oil Pipeline (LOPL) 13 HP#14Focus on Research and Development R&D Achievements New Technologies / Products demonstrated Patents applied Total Patents granted 53 443 160 R&D Technology and Products Technology / Products : Under areas of Fuel Additives, Catalysts, Bio products, Process chemicals, Hygiene Products, Specialty Products • R&D Thrust Areas Indigenisation of Refinery Technologies, Catalysts & Chemicals • Process intensification . Bio Fuels • 14 Petrochemicals & Polymers हिन्दुस्तान पेट्रोलियम HP All figures are as of March 2023#15Digitally Enabled Operations Refineries Customer Touch Points HP GAS WITLAN Online Inventory Monitoring PDMS DCS Maximo Field Inputs Process History data base Logistics Vehicle tracking system Electro mechanical locking system Pipelines Pipeline Intrusion Detection system (PIDS) Pipeline Security Batch Inventory Management Scheduling by Software Reliability & Maintenance P/L Integrity Mgmt. Software (PIMS) Central Data Centre at Hyderabad . ERP system in place e-enabled business processes 450 locations connected 24x7 Operation centre 15 Supply Locations Centralized Online Logistics Terminal Automation Systems Tool SMART Terminal LPG Plants Vision Readers Online Leak Detectors Electronic Carousel (OLD/ELD) Online Indent Management System हिन्दुस्तान पेट्रोलियम HP#16Emphasis on Talent Management Induction Structured Induction process to Learn, Grow and Lead SAMAVESH Recognition Rewarding Values for driving Performance CON The People Manager Award GAURAV 16 Capability Building Behavioural / Functional and Technical training सिद्धिमूलं धन्यधन भा. प्र. सं. इन्दौर IIM INDORE مطلع السلط IIM TRICHY PACADEMT Leadership Building Strong Leadership Pipeline HP POSSIBLE PROJECT per scope हिन्दुस्तान पेट्रोलियम HP#17Joint Ventures and Subsidiaries Oil refining Oil supply infrastructure and marketing MAFFFL HMEL SA LPG Mumbai Aviation Fuel Farm Facility Pvt Ltd HRRL ONGC एमआरपीएल MRPL RRPCL REDEFINING REFINING HINCOL HINDUSTAN COLAS LTD. Petronet MHB Limited IHB Joint venture in Natural gas infrastructure & marketing GrGITL GSPL INDIA TRANSCO LIMITED Gia GSPL India Gasnet Limited अवंतिका गैस लिमिटेड AAVANTIKA GAS LIMITED A Joint Venture Company of GAIL & HPCL BGL GGPL GOOI GAS PRINKTE LIMITED HPOIL GAS Bhagyanagar Gas Ltd. A JOINT VENTURE OF INDIANOIL HINDUSTAN PETROLEUM & BHARAT PETROLEUM Subsidiaries Biofuels Natural Gas Upstream Overseas Marketing HBL HPCL BIOFUEL ELS LTD Prize HP HPLNG PETROLEUM Middle East Introduction of new technology and growth through Partnerships 17 हिन्दुस्तान पेट्रोलियम HP#18CSR Touching Lives Every Way सर्व शिक्षा अभियान Environment & Community Development Child Care Sports Skill Development Education Health Care ~30 lakh lives benefitted since implementation of CSR Rules, 2014 18 हिन्दुस्तान पेट्रोलियम HP#19Performance Overview 38333333#20Quick Snapshot: FY 2022-23 Hv Highest Revenue from Operations Rs. 4,66,192 Crore Highest Crude Thruput 19.09 MMT Highest Market Sales 43.45 MMT Highest Pipeline Thruput 23.25 MMT Net Loss Rs. 8,974 Crore 20 हिन्दुस्तान पेट्रोलियम HP Refinery GRM US$ 12.09/bbl#21Quick Snapshot: Q4 2022-23 IMIN Nine Year High Quarterly Standalone Profit at Rs. 3,223 Crore - Consolidated Net Profit Rs. 3,608 Crore Quarterly Market Sales of 11.1 MMT - Growth of 4.1% Highest Ever Quarterly Refinery Thruput of 4.96 MMT 113% Refinery Capacity Utilization Refinery GRM US$ 14.01/bbl 12.6% higher compared to historical Highest Ever Quarterly Pipeline Thruput of 6.13 MMT · Efficient economic and environmental friendly transportation thru pipelines 21 हिन्दुस्तान पेट्रोलियम HP#22Return to Stakeholders Return to shareholders 2 Bonus share Issue Sep 2016 (2:1) Market Cap (Rs. Crore)* 33,591 888 6 A A A July 2017 (1:2) 376 + 8 8 8 888 8 8 8 2 shares in 2016 became 9 9,654 CAGR 13.3% March-13 *BSE at close of month. March-23 Total return to shareholders ~ 24% Consistent returns to stakeholders 22 हिन्दुस्तान पेट्रोलियम Share buy-back Program First & only PSU to do Open Market buy-back 47.99% increase from 28th Oct 20 186.75 171.80 254.25 28/10/20 04/11/20 14/05/21 HP • • HPCL share price on BSE Board approval - share buy back worth Rs. 2500 crore on 4th November 2020 Maximum Buyback Price at a premium of 45.52% and 45.43% over the closing prices on both BSE and NSE, respectively, on October 28, 2020.#23हिन्दुस्तान पेट्रोलियम HP Strengthening of Infrastructure across value chain Area of Value Chain Investment (Rs Cr.) 31,000 Refining Capacity Expansions Expansion of Pipeline Network 8,500 LPG Plants / POL Depots / Capacity Augmentations 5,800 Expansion of CGD Network 2,000 Enhancing Biofuels & Renewable capacities 1,000 Expanding Customer touch points 14,000 R&D Facilities Digital Transformation Equity Investment in JVs & Subsidiaries Investments during last 5 years 700 1,000 10,000 74,000 23 23 23 23#24CAPEX- Investing for the Future ■Capex (Rs. Crore) 16,772 16,085 --Long Term Debt-Equity Ratio 14,630 12,661 0.51 7,023 14,043 1.80 Mar 17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Value Creation thru Effective Leveraging Mar 23 Capex Rs. Crore include Investments in JVCS/Associates/Subsidiaries etc. 24 हिन्दुस्तान पेट्रोलियम HP#25Future Plans#26Enhancement of Refining & Marketing Infrastructure Sectoral Overview - Oil Oil Demand by Scenario: India (Unit Million Barrels per Day) 4.7 Growth in all scenarios 6.7 5.9 HPCL -Capacity expansion to meet growing demand हिन्दुस्तान पेट्रोलियम 2021 2030 STEPS APS Source: World Energy Outlook 2022 STEPS: Stated Policies Scenario APS: Announced Pledges Scenario • India will continue to be the most populous nation • Rising income along with increasing population will lead to higher energy demand • Oil demand growth on back of estimated 5 fold increase in per capita car ownership • • • • . New 9 MMTPA Refinery and Petrochemical project at Barmer in Rajasthan Enhancing capacity of Visakh refinery to 15 MMTPA New LPG plants to meet growing demand Expansion of retail outlet network - to cross 25,000 by 2025-26 Multiple fuel choices at retail outlets Service enhancement - Door-to-Door delivery at select customer premises Expanding the presence in overseas geographies 26 HP#27Pursue growth opportunities in Natural Gas Sectoral Overview - Natural Gas Natural Gas Demand by Scenario: India (Unit Billion Cubic Meters) 66 Growth in all scenarios 115 110 HPCL Participation in entire value chain हिन्दुस्तान पेट्रोलियम • . • 2021 2030 STEPS APS Source: World Energy Outlook 2022 STEPS: Stated Policies Scenario APS: Announced Pledges Scenario Government has plans for Gas based Economy Government has set the target to increase the share of natural gas in primary energy mix from current levels to 15% in 2030 One Nation - One Grid - Natural Gas Grid is expanding GAS • 5 MMTPA LNG Import Terminal at Chhara Port in Gujarat • • Participation in 3 Natural Gas Pipelines Expanding City Gas Distribution Network • PNGRB Authorisation in 23 Geographical Areas in 12 states O CNG Facilities at Retail outlets to about 5000 Nos ⚫ LNG retailing 27 HP#28Foraying into Petrochemicals Sectoral Overview -*Petchem Petchem Demand: India (Unit Million Metric Tonnes) 44 Growth in Petchem Demand 2021-22 69 2029-30 : *Petrochemicals considered Polymers (polyethylene/poly propylene/PVC), Aromatics (Benzene/Toluene/ Para xylene), Synthetic Fiber, Fiber intermediates, other intermediates, performance plastics, Surfactants, Elastomers. Source DGCIS/IHS • Per-capita consumption of plastics is one third of global average • Room for robust growth in Petrochemicals . Growth drivers- Packaging industry, e-commerce, Automobile industry etc. 28 • • • • HPCL Capacity Building & Marketing Plans हिन्दुस्तान पेट्रोलियम HP 9 MMTPA Refinery and Petrochemical Capacity under construction 4.6 MMTPA Petrochemical capacity by 2024-25 along with JVCS With current expansions, HPCL (Incl JV) will have second largest Polymer (petchem) production facilities in country Marketing of Petrochemicals o Institutional capacity building o Marketing under 'DURAPOL' Brand#29Expanding footprints in Alternate Energy Sectoral Overview - Renewables Renewables Generation: India (Unit: TWh) • 337 Growth in all scenarios 956 990 HPCL - Participation in Emerging Opportunities हिन्दुस्तान पेट्रोलियम HP 2021 STEPS 2030 APS Source: World Energy Outlook 2022 STEPS: Stated Policies Scenario APS: Announced Pledges Scenario Power Generation moving away from coal Renewable Energy sector is estimated to be the fastest growing energy sector till 2040 • . • Expanding footprints in Renewables Ethanol blending (E20) targeted to reach 20% by 2025 Stabilisation of 14.2 TPD CBG plant at Budaun in UP Setting up 100 KLPD 2G Ethanol plant in Bathinda Setting up of EV charging stations at 5,000 retail outlets by 2025-26 Green Hydrogen capacities in Refineries to about 29 KTPA by 2030 870 TMTPA bio fuels capacities by 2030 29 29#30Thrust on R&D, Innovation and Digital Technologies Own State-of-the Art R&D Centre Leveraging Innovation Pillars of Tomorrow Research, Innovation, Development IDEA JUNCTION Udgam HPCL Startup Initiative हिन्दुस्तान पेट्रोलियम HP Leveraging Digital Technologies Fuel HP PAY LPG Lube • Curating future technologies • 'Idea Junction' to capture Working towards developing 22 Laboratories . • Leveraging collaborations Innovative Ideas - Udgam Leveraging startup ecosystem in India • . • Leveraging Labs in new and • 30 focus areas related to • • Digital strategy in place . Digital initiatives are under execution ERP modernization in progress Demand Forecasting Integrated Payment solutions emerging technologies energy sector 22 startups supported • AR/VR based Training • Video Analytics 30#31HPCL Net Zero Plan: Development of Roadmap HPCL Net Zero plan - Announcement on 31st Jan 2022 • HPCL is committed to conduct business with an objective of preserving the environment and contributing to sustainable development. Plans underway to achieve Net zero Scope 1 & 2 emissions by 2040. 31 हिन्दुस्तान पेट्रोलियम HP#32Continued ESG Focus Environment हिन्दुस्तान पेट्रोलियम HP Environment Management Systems (EMS) by major Locations Emission monitoring Systems Ethanol blending of 10.6% in FY 2022-23 Over 2GW of renewable energy in planning UN SUSTAINABLE DEVELOPMENT DP GOALS Sustainability agenda aligned with UN SDG 3.81 crore LPG Cylinders under PMGKY Support to society during COVID times. CSR expenditure for FY 2022-23 Rs.154.85 crore Recorded 35% procurement thru MSME vendors UN GLOR COMPACT Social Governance Clearly defined management performance and accountability Internal controls, systems and processes, risk management Full adherence and compliances of laws, rules and regulations Timely disclosure of material information Signatory to UNGC GRI GRI Based Sustainability report 32#33Projects towards meeting energy needs, providing customer choices & future proofing Refining Visakh Refinery Modernisation (15 MMTPA) CFBC Boiler at VR and COT in MR • ~1,10,000 • 9 MMTPA Refinery & Petchem, HRRL • Pipelines ~6,000 • Natural Gas ~20,000 • Marketing ~9,000 Biofuels • -2,500 Renewables ~15,000 R&D and Digital • ~2,500 • . Haldia-Panagarh LPG P/L Bathinda-Sangrur P/L Navi Mumbai Airport ATF P/L and tankage • 1.1 MMTPA HSFO at VR • SPM at VR, bitumen evacuation line MR . Lube HCU,SDA at MR & LOBS expansion • Cherlappalli - Nagpur P/L • Visakh Raipur P/L • Kanpur Lucknow P/L 5 MMTPA LNG Terminal, Chhara Gujarat, LNG Stations, CNG Dispensing facilities CGD network in 7 states (Haryana, Uttar Pradesh, Uttarakhand, Rajasthan, Jharkhand, Bihar & West Bengal) 80 TMT LPG Cavern at Mangalore 3 LPG plants & Capacity Augmentations HSD evacuation facilities at various locations 2G Ethanol Bio refinery • CBG plant at AP, West Godavari & UP Biodiesel Plants at 4 Locations • • Wind & Solar power participation in Tariff bidding RE Captive power at refineries Demo Plants - HP COAT & SDA pilot Plant Catalyst & Adsorbent scale up facilities R&D Capacity Expansion with 7 new Labs • Dahej LPG Import Facility MSV & TT Loading Facilities . 5 new LPG Plants Proposed 1G Plants at 4 locations Bolt-on Plant for 1G ethanol production Bio bitumen production from Lignin EV charging at 5,000 outlets 100% solarisation of Ros 2.5 GW Renewable capacity Digital transformation-Projects • I Digitalization of processes • ERP Modernization project Basket of projects worth Rs. 1.65 Lakh Crore 33 हिन्दुस्तान पेट्रोलियम HP#34Robust Capital Expenditure Plans (Rs. Crore) Capex 2023-24 Business Segment 2023-24 19% 36% Refinery with R&D 5,000 Marketing Infrastructure 4,500 6% Natural Gas 1,000 7% Bio-Fuels & Renewables 800 32% Equity investments in 2,700 JVC/Subsidiaries Total 14,000 Refinery with R&D Marketing Infrastructure Gas Bio Fuels & Renewables Equity investments in JVC/Subsidiaries Estimated CAPEX Plan of Rs. 75,000 crore over next 5 years 34 हिन्दुस्तान पेट्रोलियम HP#35हिन्दुस्तान पेट्रोलियम Experienced Management Team • Mr. Pushp Kumar Joshi, Chairman & Managing Director • He is a Doctorate in Human Resource Management, Post Graduate in Human Resource Management from XLRI, Jamshedpur and Bachelor of Law from Andhra University. Prior to this, he was Director, HR of the Corporation from August 01, 2012. In past, he also held key portfolios in HR functions viz. Executive Director, HRD and Head, HR of Marketing Division. During his tenure as Director HR, he was responsible for overseeing the design and deployment of key HR policies and strategies while leading Human Resources practices that are employee-oriented and aimed at building high performance culture He also holds the directorship on the boards of Hindustan Colas Pvt Ltd (HINCOL), HPCL Rajasthan Refinery Limited (HRRL) and HPCL Mittal Energy Ltd. (HMEL) Mr. Rajneesh Narang, Director - Finance . . He is Director -Finance of HPCL effective March 22, 2022. He is a Member of the Institute of Chartered Accountants of India (ICAI) and a Post Graduate in Financial Management. He brings with him rich and varied professional exposure of more than 3 decades across various spectrum of Downstream Oil Company. He has headed the position of Marketing Finance which is considered as backbone of the company. He has also held various key challenging assignments in HPCL in the field of Corporate Finance, Treasury, Risk Management, Margin Management, Marketing Finance, Budgeting, SBU Commercial, C&MD's Office and Refinery Project. He is on Board of several HPCL Subsidiary/Joint venture Companies. Mr. S Bharathan, Director - Refineries • . He is Director- Refineries of the Company effective October 01, 2022. Prior to this, he was an Executive Director - Refineries Coordination of the Company with Additional Charge of R&D. He has wide exposure to the Refinery operations of the Company and has worked in Operations and Technical Departments of Mumbai and Visakh Refinery for over 25 years. He has also worked in the Corporate Office on Margin Management & Refinery Project Process for over 4 years. Further, he is also leading HPCL's Green R&D Centre in Bengaluru for the last 3 years. Under him, HPCL Green Research & Development Centre (HPGRDC) has reached filing of about 380 patents. Mr. Amit Garg, Director - Marketing . He is Director- Marketing of the Company effective December 27, 2022. Prior to this, he was an Executive Director-Aviation in Bharat Petroleum Corporation Limited (BPCL). He is a Post Graduate in Electronics & Management. He is a senior leader in Oil & Gas space having rich and varied experience of over 35 years across the entire value chain in the Industry including sourcing, storage, logistics and sales across various functions in BPCL. He also served as a full time Director with Indraprastha Gas Limited, the largest CGD in the country and as a Nominee Director with Maharashtra Natural Gas Limited, a Joint Venture of BPCL & GAIL (India) Limited. Mr. K S Shetty, Director - Human Resource He is Director- Human Resources of the Company effective May 01, 2023. Prior to this, he was an Executive Director - Human Resources with additional charge of Employee Relations Department. He is a Gold Medalist in HR Management from Andhra University and also an alumnus of the Swedish Institute, Stockholm for Diploma in Sustainable Development in 2012. He has completed his Advanced Management Program from MDI, Gurgaon / ESCP Europe Business School, Paris. (2016). He is an SHRM, USA - Senior Certified Professional and is currently on the AIMA Core Committee on HR and also on the National Council of the Indian Society for Training and Development (ISTD). He is also on the Board of HPLNG. He has over 25 years of experience in HR in various capacities at HPCL. 35 HP#36Disclaimer The information contained in this material have been obtained from sources believed to be reliable, but no representation or warranty express or implied, is made that such information is accurate or complete and it should not be relied upon as such. The information contained in this material may not be perfect and some part of the information may be left out. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of HPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. All estimates and opinions included in this material constitute our judgment as of the date of this material and is subject to change without notice and its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition. 36 हिन्दुस्तान पेट्रोलियम HP#37| हिन्दुस्तान पेट्रोलियम HP Thank You