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Corporate Mumbai, Maharashtra Est. 1974

Hindustan Petroleum Corporation Limited (HPCL)

Maharatna oil-and-gas PSU whose HP Udgam programme backs green hydrogen, battery, and energy-transition startups.

2 programs listed

About Hindustan Petroleum Corporation Limited (HPCL)

Hindustan Petroleum Corporation Limited (HPCL) is a Government of India Maharatna enterprise and one of the country's largest oil-and-gas companies, headquartered in Mumbai. Beyond its core energy business, it backs the startup ecosystem through HP Udgam, which supports innovators working on green hydrogen, lithium-ion batteries, solar and wind renewables, and other sustainability and energy-transition technologies.

HP Udgam carries startups from proof-of-concept validation through to commercialisation, offering funding, mentorship, and access to HPCL's operational infrastructure for testing and deployment. The company has also partnered with WISE, the SNDT Women's University incubation centre, under HP Udgam to support women-led startups specifically, and its wider CSR work spans education, healthcare, skill development, and community programmes across India.

Deep-tech and cleantech startups working on energy-transition technologies, green hydrogen, batteries, and renewables benefit most, with women-led energy ventures gaining from the WISE tie-up and any founder valuing the chance to pilot within a large energy company's infrastructure. It is online at hindustanpetroleum.com.

Who they work with

Stages
MVP / Prototype Early Revenue
Sectors
Climate, Energy & EV Deeptech & Robotics

Programs by Hindustan Petroleum Corporation Limited (HPCL) 2

Closed Equity Funding

HP Udgam Cohort 2025 Round-II

by Hindustan Petroleum Corporation Limited (HPCL)

FundingUp to Rs. 2.5 Cr
MVP / Prototype Early Revenue

HP Udgam Cohort 2025, Round II is part of Hindustan Petroleum Corporation Limited's flagship Startup Support Initiative aimed at fostering innovation and collaboration with early-stage startups. The program focuses on startups that demonstrate strong synergy with the Oil & Gas industry and emerging areas of energy transition and digital innovation. HPCL supports startups working on renewable energy, biofuels, e-mobility, energy storage, LNG, CGD, CBG, sustainability, and digital solutions

ClosesClosed
Closed Grant

HP Udgam Cohort 2025 (Round-1) by HPCL

by Hindustan Petroleum Corporation Limited (HPCL)

FundingUp to Rs. 2.5 Cr
Equity-free DPIIT

HP Udgam is a corporate startup support initiative by Hindustan Petroleum Corporation Limited (HPCL). This program is a startup funding program and not a grant. It provides investment and support to early-stage startups. This program aims to nurture and invest in innovative startups across a diverse range of sectors including energy, sustainability, and digital solutions. The funding is provided through Compulsorily Convertible Preference Shares (CCPS). A CCPS is a type of equity

ClosesClosed

Frequently asked questions

What funding programs does Hindustan Petroleum Corporation Limited (HPCL) run?

Hindustan Petroleum Corporation Limited (HPCL) currently has 2 programs listed in this directory, including HP Udgam Cohort 2025 Round-II, HP Udgam Cohort 2025 (Round-1) by HPCL. Each program page covers the funding amount, eligibility and application process.

Is Hindustan Petroleum Corporation Limited (HPCL) a government organisation?

Hindustan Petroleum Corporation Limited (HPCL) is listed as a corporate. It is not a government body, and its programs follow the organisation's own selection process.

How do I evaluate whether a Hindustan Petroleum Corporation Limited (HPCL) program fits my startup?

Start with the stages and sectors shown on this profile, then open the program pages for eligibility conditions and document checklists. If you want a structured view, send an enquiry below and an IncorpX advisor will walk you through fit and readiness.

Do I apply to these programs through IncorpX?

No. Applications are always submitted in your own name with the respective program authority. IncorpX is independent of Hindustan Petroleum Corporation Limited (HPCL) and provides assistance for application preparation, document organisation and prerequisite registrations such as incorporation, DPIIT recognition, MSME and GST.

Enquire about Hindustan Petroleum Corporation Limited (HPCL)

Tell us what you are building and which Hindustan Petroleum Corporation Limited (HPCL) program you are evaluating. An IncorpX advisor will help you assess fit and get application-ready.

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Your enquiry goes to the IncorpX advisory team, who will help you evaluate fit and prepare. We are independent of Hindustan Petroleum Corporation Limited (HPCL) and never contact organisations on your behalf.

Important disclaimer

IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.

This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.

IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.

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