HPCL would be the first PSU to market ATF overseas and only the second oil company after Reliance.
HPCL is planning to set up bases in developing countries and these would be in place by the end of 2006.
The high cost of ATF in developing countries was the key to the company's foray as compared to the developed countries, Mr Choudhury added. HPCL has a techno commercial agreement with Chevron Texaco Global Aviation for inputs on current international operating practices and technology in ATF business.
HPCL has increased its market share in the ATF business from 11% last year to 16% during the first seven months of the current year. The increased market share has been on account of a 27% growth in its ATF business, HPCL director (marketing) Roy Chowdhry said. This is despite the ATF segment growing by 13% during the period. The total ATF market in India is 2.2 million tonnes and has been growing with the increasing number of airlines in the country.