About Hpcl-Mittal Pipelines Limited
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Hpcl-Mittal Pipelines Limited is a public limited company based in Bathinda, Punjab, India, a subsidiary of Hpcl-Mittal Energy Limited. It operates in the oil and gas infrastructure services segment of the energy and power sector. It was incorporated on 07 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U60101PB2008PLC031563. Its GSTIN is 03AABCH9865Q1ZW (Punjab). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹1,400 Cr and a paid-up capital of ₹1,223 Cr. It is led by directors including Prabh Das (Managing Director) and Rajan Tandon.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Phulokhari Taluka Talwandi Saboo, Bathinda, Punjab, India – 151301.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,211.2 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹232.9 Cr (net margin 19.2%) and EBITDA of ₹617 Cr (EBITDA margin 50.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over five years.
The company has about 97 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,250 Cr and satisfied charges of ₹10,894 Cr on record. Court records list 20 cases involving the company, including 6 filed by the company and 14 filed against it; 7 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in March 2010.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmel.in.
Company details
Contact details
Hpcl-Mittal Pipelines Limited's registered office is in Bathinda, Punjab. Its website is hmel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Phulokhari Taluka Talwandi Saboo, Bathinda, Punjab, India – 151301
- IndustryEnergy and Power, Oil & Gas Infrastructure Services
To see the full contact details of Hpcl-Mittal Pipelines Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Hpcl-Mittal Pipelines is transport and storage. In detail, this covers land transport via railways & pipelines.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H2 | Land transport via Railways & Pipelines |
To see the full business activity and turnover split of Hpcl-Mittal Pipelines Limited, buy the company report.
Financials of Hpcl-Mittal Pipelines Limited
FY 2025 filings availableHpcl-Mittal Pipelines Limited reported revenue of ₹1,211.2 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 4% growth in the latest year. EBITDA rose 5% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹617 Cr | ||||
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| Net Profit (PAT) | ₹232.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 50.9% | ||||
| Net Profit Margin | 19.2% | ||||
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To see the full financial statements and ratios of Hpcl-Mittal Pipelines Limited, buy the company report.
Board of directors and KMP of Hpcl-Mittal Pipelines Limited
Hpcl-Mittal Pipelines Limited currently reports 4 directors and 1 key managerial person. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabh Das Also directs: Hpcl-Mittal Energy Limited, Hmel Retail Private Limited | Managing Director | 01 Jun 2011 | 15 Years 5 Months | Current |
| Rajan Tandon | Director | 07 Jan 2008 | 18 Years 10 Months | Current |
| Harak Chand Banthia Also directs: Hmel Green Energy Private Limited | Cfo | 01 Apr 2014 | 12 Years 7 Months | Current |
| Manaswini Bhalla Also directs: Hpcl-Mittal Energy Limited | Director | 07 Feb 2025 | 1 Years 9 Months | Current |
| Rajneesh Narang | Director | 01 Jul 2021 | 5 Years 4 Months | Current |
Auditor
Hpcl-Mittal Pipelines Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Hpcl-Mittal Pipelines Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hpcl-Mittal Pipelines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Aug 2025 | 101145926 | Sbicap Trustee Company Limited | ₹1,250 Cr | Open | |
| 01 Jun 2023 | 100724426 | Sbicap Trustee Company Limited | ₹657.6 Cr | Satisfied | |
| 03 Dec 2019 | 100309919 | Sbicap Trustee Company Limited | ₹1,216.57 Cr | Satisfied | |
| 19 Mar 2018 | 100168640 | Canara Bank | ₹200 Cr | Satisfied | |
| 30 Dec 2014 | 10542124 | Sbicap Trustee Company Limited | ₹1,673.43 Cr | Satisfied |
To see the full charge records of Hpcl-Mittal Pipelines Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Hpcl-Mittal Pipelines Limited has 1 deal on record (1 acquisition); the latest was in March 2010.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Acquisition | ₹879.38 Cr | Buyer: Hpcl-Mittal Energy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hpcl-Mittal Pipelines Limited has 20 court cases on record: 6 filed by Hpcl-Mittal Pipelines, 14 filed against it. 7 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 9 | 6 |
| District courts | 5 | 4 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by Gujarat Energy Transmission Corporation Limited and 1 other | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Kalpataru Projects International Ltd.(Formerly Known As Kalpataru Power Transmission Ltd.) and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Coastal Marine Construction Andengineering Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Coastal Marine Construction and Engineering Limited | Disposed |
| High Court of Rajasthan | Court case (CFA) | Filed against the company by an individual | Pending |
To see the full case history of Hpcl-Mittal Pipelines Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Hpcl-Mittal Pipelines Limited was last rated by Icra on 30 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jul 2021 |
To see the full credit ratings and regulatory alerts of Hpcl-Mittal Pipelines Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hpcl-Mittal Pipelines Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hpcl-Mittal Pipelines Limited has a workforce of 97 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Hpcl-Mittal Pipelines has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCH9865Q1ZW | Punjab | Active | 01 Jul 2017 |
| 06AABCH9865Q1ZQ | Haryana | Active | 01 Jul 2017 |
| 08AABCH9865Q1ZM | Rajasthan | Active | 01 Jul 2017 |
| 24AABCH9865Q1ZS | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hpcl-Mittal Pipelines Limited, buy the company report.
Recent activity
Hpcl-Mittal Pipelines Limited has 23 board changes on record since 2008: 5 appointments and 18 cessations. The latest: Manaswini Bhalla ceased to be Additional Director on 02 Sep 2025.
38 earlier events are in the company report.
Frequently asked questions
Hpcl-Mittal Pipelines is an active public limited company based in Bathinda, Punjab, India. The company works in oil and gas infrastructure services, within the energy and power industry. It was incorporated on 07 January 2008 (18+ years old) and is registered under CIN U60101PB2008PLC031563.
Hpcl-Mittal Pipelines has 5 current directors and KMP:
- Prabh Das - Managing Director
- Rajan Tandon - Director
- Manaswini Bhalla - Director
- Rajneesh Narang - Director
- Harak Chand Banthia - Cfo
The latest financial statements of Hpcl-Mittal Pipelines on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hpcl-Mittal Pipelines is 03AABCH9865Q1ZW, registered in Punjab. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 06AABCH9865Q1ZQ (Haryana), 08AABCH9865Q1ZM (Rajasthan), 24AABCH9865Q1ZS (Gujarat).
The CIN (Corporate Identification Number) of Hpcl-Mittal Pipelines is U60101PB2008PLC031563. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hpcl-Mittal Pipelines has 20 court cases on record: 6 filed by the company and 14 filed against it. 7 are pending. Most are in the high courts.
Hpcl-Mittal Pipelines was incorporated on 07 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
Hpcl-Mittal Pipelines has 1 deal on record (1 acquisition); the latest was in March 2010.
Manaswini Bhalla ceased to be Additional Director on 02 Sep 2025. Manaswini Bhalla was appointed as Director on 07 Feb 2025. Sidhartha Tyagi ceased to be Company Secretary on 02 Aug 2022. Hpcl-Mittal Pipelines has 23 board changes on record in total.
Hpcl-Mittal Pipelines can be reached through the website hmel.in. Its registered office is in Bathinda, Punjab, India.
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