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HPCL to invest Rs 45000 crore by 2020 in refinery expansion, infrastructure

State-owned Hindustan Petroleum Corp Ltd (HPCL) plans to invest Rs 45,000 crore by 2020 in expansion of its Mumbai and Visakhapatnam refineries as well as augmenting its marketing infrastructure.

HPCL dips 5.5% on loss in Sep quarter

HPCL dips 5.5% on loss in Sep quarter

Shares of Hindustan Petroleum Corp Ltd (HPCL) today fell by 5.5 percent after the firm reported a net loss of Rs 320.50 crore for the July-September quarter.

HPCL, GAIL eye petrochemical plant in Andhra Pradesh

State-owned refiner Hindustan Petroleum Corp Ltd (HPCL) and gas utility GAIL India Ltd are looking at jointly setting up a multi-billion dollar petrochemical plant in Andhra Pradesh.

M K Surana appointed new HPCL Chairman

M K Surana will be the new Chairman and Managing Director of Hindustan Petroleum Corp Ltd (HPCL), India's third largest oil marketing company.

PESB finds no candidate fit to head HPCL; to re-advertise post

Government headhunter PESB Thursday failed to select a new Chairman and Managing Director of state -owned Hindustan Petroleum Corp Ltd (HPCL) as it could not find a suitable candidate among the 9 persons it interviewed.

HPCL Q4 net profit surges 58% to Rs 2,162 crore

State-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday reported a 58 percent jump in its March quarter net profit on back of higher refining margin.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

Oil retailers to open 35,600 new outlets in next 3 years

The country has 51,870 petrol pumps with Indian Oil Corp (IOC) being the market leader with 23,993 outlets, followed by Hindustan Petroleum Corp Ltd (HPCL) with 12,869 pumps and Bharat Petroleum Corp Ltd (BPCL) with 12,123 outlets.

HPCL opens fuel pump at world's highest motorable road in Leh

State-owned Hindustan Petroleum Corp Ltd (HPCL) has opened a petrol pump at world's highest motorable road in Leh to make available fuel to the remotest part of Jammu and Kashmir.

India makes another $400 mn payment to Iran

Mangalore Refinery and Petrochemicals Ltd, the nation's largest buyer in the public sector, paid USD 154 million (about Rs 950 crore), while private sector Essar Oil paid about USD 201 million, industry sources said.

HPCL to take 8% stake in Petronet's Gangaravam LNG terminal

State-owned Hindustan Petroleum Corp Ltd (HPCL) may pick up 8 per cent stake in Petronet LNG Ltd's Rs 5,000 crore liquefied natural gas (LNG) terminal at Gangavaram in Andhra Pradesh.

HPCL to invest Rs 17,000 cr to expand capacities by 2018

Hindustan Petroleum Corp Ltd (HPCL) Wednesday said it will invest Rs 17,000 crore in raising its Mumbai and Vizag refinery capacity by 2018.

HPCL post Q4 profit of Rs 4,609 cr helped by fuel subsidy

State-owned Hindustan Petroleum Corp Ltd (HPCL) Wednesday reported a better than expected fourth quarter net profit of Rs 4,609.24 crore after it got lumpsum fuel subsidy.

Hindustan Petroleum launches Club HP Star outlets

More than a decade after it launched personalised service petrol pumps under 'Club HP' brand, state-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday launched premium 'Club HP Star' outlets with a promise to provide 'Good Fuel'.

Moily cancels events after poll announcement

Moily was to inaugurate the nation's first strategic oil storage at Mangalore, which was built to insulate the country from supply disruptions.

ATF prices cut by about 3%

Jet fuel or ATF prices have been cut by about 3 percent on softening international oil rates, the first reduction in two months.

HPCL reports Rs 1,460 cr loss in June quarter

Net loss in this April-June quarter was lower than Rs 9,249 crore in the same period a year ago, HPCL Director (Finance) K V Rao told reporters here.

MoEF rejects HPCL's Vizag refinery expansion plan

HPCL had approached the Environment Ministry seeking clearance for the expansion of its refinery from 8.33 MMTPA to 15.00 MMTPA at Visakhapatnam District in Andhra Pradesh.

HPCL approaches global energy cos to revive Vizag project

The 15 million tonne a year refinery and a mega petrochem plant is planend to be built about 70 km away from the company's existing Vizag refinery, HPCL Chairman and Managing Director S Roy Choudhury told reporters here.

HPCL approves joint venture for Rs 37,320 cr Barmer refinery

Hindustan Petroleum Corp Ltd (HPCL) has approved the incorporation of a joint venture company to set up Rs 37,320-crore oil refinery and petrochemical complex in Rajasthan.