Top 10 Mumbai-Based Oil & Gas Firms
Mumbai Oil & Gas Firms : India’s oil and gas industry is heavily concentrated in Mumbai. Mumbai has the benefit of being a key centre for the oil and gas sector thanks to its proximity to the enormous Arabian Sea. These businesses greatly affect the real estate portfolio of India’s financial capital as well as the development of the city, infrastructure initiatives, employment generation, and the nation’s cars and homes.
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Mumbai’s corporate environment
Ports and refineries are scattered around the coastline of Mumbai. Mumbai has mastered the art of smoothly integrating discovery, refinement, and distribution because to the Arabian Sea’s enormous offshore reserves. State-owned businesses and private companies coexist in the city, each of which contributes to the development of an advanced oil and gas ecosystem. Mumbai is well-positioned to sustain its leadership in the energy industry while supporting ideas that reimagine India’s energy strategy as research and technological developments soar.
Mumbai’s oil and gas firms are listed here.
Oil & Gas Division of Reliance Industries Limited
- Industry: Oil & Gas
- Company Type: Private Sector
- Location: Reliance Industries Limited, Maker Chambers – IV, Nariman Point, Mumbai-400021
- Founding Date: 1973
The energy industry in India has been changed by Reliance Industries, led by Mukesh Ambani. This industrial player, which has its headquarters in Mumbai, has continually underlined its position on the world stage, particularly in the oil and gas business. The company’s refineries at Jamnagar are among the most sophisticated in the world and established industry standards for refinery effectiveness. They meet domestic demands and have a substantial international presence by exporting to several nations. Reliance’s efforts to adopt cleaner and more effective technology demonstrate its dedication to innovation and sustainability.
Mumbai Oil & Gas Firms : Indian Oil Corporation (IOCL)
- Industry: Oil & Gas
- Company Type: Public Sector
- Location: Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (East), Mumbai – 40005
- Founding Date: 1959
The corporate headquarters of Indian Oil Corporation are in New Delhi, and the company also maintains a sizable presence there. IOCL is a diverse, integrated company that engages in everything from oil and gas exploration to refining, pipeline transportation, and marketing of petroleum products. Urban and rural environments are characterised by the brand’s retail locations.
Mumbai Oil & Gas Firms : Hindustan Petroleum Corporation
- Industry: Oil and Gas
- Company Type: Public Sector
- Location: Petroleum House 17, Jamshedji Tata Road, Mumbai 400020.
- Founding Date: 1974
Hindustan Petroleum Corporation, often known as HPCL, is a well-known state-owned company in India that stands out in Mumbai with Navratna status. Due of its widespread recognition, it earned the 260th spot in the Fortune Global 500 rankings in 2013. In the country, its impact is further shown by its 2012 rating of fourth among Indian firms. Among India’s Public Sector Undertakings, it controls close to a fifth of the market. With three refineries and a vast network, HPCL, a Navratna PSU of the Indian government, makes sure that petroleum-base goods are processe and properly marketed.
Mumbai Oil & Gas Firms : Bharat Petroleum Corporation Limited (BPCL)
- Industry: Oil and Gas
- Company Type: Public Sector Undertaking
- Location: Bharat Petroleum Corporation Ltd. Sewree Fort Road, Near Sewree Station, Mumbai – 400015
- Founding Date: 1952
BPCL has made a name for itself in the Indian oil industry as a premier public sector venture operating under the auspices of the Ministry of Petroleum and Natural Gas, Government of India. The second-largest government-owned downstream oil producer in India, BPCL runs three important refineries out of Bina, Kochi, and Mumbai. In 2020, the company rose to number 309 on the Fortune list, and in 2021, it rose to position 792 on Forbes’ Global 2000 list.
Oil and Natural Gas Corporation (ONGC)
- Industry: Oil & Gas Exploration and Production
- Company Type: Public Sector Undertaking
- Location: G Block BKC, Bandra East, Mumbai – 400051
- Founding Date: 1956
Since its founding more than 60 years ago, ONGC has served as the foundation for India’s hydrocarbon exploration operations. It started off small but eventually became one of the biggest E&P firms in the world. It was a government project. ONGC engages in exploration and production activities in a number of overseas sites, expanding its reach beyond national borders. ONGC has constantly been list as one of Asia’s leading energy firms.
Mumbai Oil & Gas Firms : Tata Petrodyne
- Industry: Oil and Gas
- Company Type: Subsidiary (of Tata Group)
- Location: Metropolitan Building, E Block BKC, Bandra East – 400051
- Founding Date: 1993
Tata Petrodyne focuses specifically on the oil and gas industry. It has made investments in offshore blocks not just in India but also in other countries including the UK and Australia. The corporation has firmly established its headquarters in Mumbai and has a diverse portfolio in the fields of gas, oil, and petroleum products. In addition, their partnerships with foreign partners and affiliations in Jakarta, Perth, and Amsterdam give some indication of their extensive worldwide reach.
Mumbai Oil & Gas Firms : Nayara Energy
- Industry: Oil and Gas
- Company Type: Private
- Location: Plot No. C, Godrej BKC, Bandra East, Mumbai – 400051
- Founding Date: 1989
Tata Petrodyne focuses specifically on the oil and gas industry. It has made investments in offshore blocks not just in India but also in other countries including the UK and Australia. The corporation has firmly established its headquarters in Mumbai and has a diverse portfolio in the fields of gas, oil, and petroleum products. In addition, their partnerships with foreign partners and affiliations in Jakarta, Perth, and Amsterdam give some indication of their extensive worldwide reach.
Mumbai Oil & Gas Firms : ABC Gas International
- Industry: Oil and Gas
- Company Type: Private
- Location: 1, Mahesh Villa, Worli, Mumbai 400 018
- Founding Date: 1980
Since its founding in 1980, ABC Gas International, formerly known as Brassco Extrusions, has changed throughout time. The firm, which was formerly a market leader in the production of brass rods, tubes and copper pipes, has since become the most important Gas Reticulation firm in the organised sector. With its ISO accreditation, ABC Gas demonstrates vast experience in the design, installation, and upkeep of LPG reticulated systems. The firm, which is a crucial component of the varied ABC Group, benefits from a sizable warehouse close to Mumbai and takes pleasure in keeping the largest stock point for gas-reticulated goods in the country.
Gas Authority of India Limited (GAIL)
- Industry: Natural Gas Processing & Distribution
- Company Type: Public Sector Undertaking
- Location: GAIL Bhawan, BKC Rd, Bandra Kurla Complex, Bandra East, Mumbai – 400051
- Founding Date: 1984
GAIL, with its extensive network of natural gas pipes, is essential in facilitating the spread of sustainable energy. With its headquarters in New Delhi, activities in Mumbai and the western area provide a substantial contribution to the company’s national network. Beyond transportation, GAIL’s business activities include petrochemicals, city gas and natural gas commercialization. Their efforts to promote cleaner fuel demonstrate their dedication to the environment, and their focus on R&D guarantees that they will always be at the forefront of innovation and technology.
Demand for commercial real estate in Mumbai
The workplace
Mumbai wants premium office premises being the headquarters of both India’s oil and gas industry and its financial sector. These go beyond the imposing buildings in the corporate areas and include cutting-edge complexes with amenities tailored to the oil and gas industry. There has been an increase of offices that serve this energy industry in places like Bandra–Kurla Complex, Nariman Point, and Lower Parel.
Rental housing
There is a growing need for leasing space because of the size of operations and Mumbai’s strategic importance to the oil and gas sector. These comprise sizable storage facilities, laboratories, and support services for energy operations. The city’s coastline also offers a tactical benefit, which raises the demand for coastal assets appropriate for oil transit and storage.
Impact
Mumbai’s metropolitan environment has been significantly shaped by the presence of the oil and gas industry. Beyond the imposing office towers, it has an impact. The coastline is littered with enormous storage facilities, shipping piers, and research facilities, which attest to the industry’s impact. The oil and gas industry remains one of the city’s key economic drivers as it expands.
Mumbai’s exposure to the oil and gas sector
The growth of Mumbai as a major world city is closely tied to the oil and gas sector. The industry has boosted the city’s economy by creating thousands of jobs and luring top talent from across the world. Beyond the economic sphere, the sector has sparked improvements in infrastructure, with cutting-edge refineries, storage facilities, and pipelines becoming essential features of Mumbai’s environment. Mumbai’s critical significance in India’s energy landscape is highlighte by the modernization and extension of the city’s ports, which are essential for the import and export of oil and gas products.
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