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HPCL says decision on Rs 37,000-cr Raj refinery likely soon

A final decision on the much-delayed Rajasthan refinery, to be set up by Hindustan Petroleum Corporation for an estimated over Rs 37,000 crore, but has run into a political quagmire, is expected within a few months.

HPCL reports Rs 320 cr net loss on Rs 1,400 cr inventory hit

The state-run company has booked an inventory loss of Rs 1,400 crore during the quarter.

Indian oil companies pay $700 mn to Iran for oil

Indian oil companies pay $700 mn to Iran for oil

Essar Oil, MRPL and other Indian refiners today paid Iran USD 700 million to clear over one-tenth of their outstanding oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

State-run oil companies rally after Iran deal

Shares of state-run oil marketing companies gain after Brent crude drops more than USD 2 a barrel on Monday as supply fears ease following a breakthrough nuclear deal between world powers and Iran over the weekend.

MoEF asks HPCL to hold public hearing for Rajasthan Plant

The Environment Ministry has asked state-owned Hindustan Petroleum Corporation (HPCL) to hold public hearing for its proposed Rs 37,230 crore refinery-cum-petrochemical complex in Barmer district of Rajasthan.

Force Motors ties up with HPCL for supply of oil

Pune-based Force Motors on Thursday said it has tied up with Hindustan Petroleum Corporation for supply of oil to use in its entire range of products.

Essar Oil to supply 2 mn tn/annum petro products to Indian Oil

Essar Oil on Friday said it has renewed an agreement to sell 2 million tons a year of petroleum products like diesel and petrol to Indian Oil Corp (IOC) for three years to 2015.

HPCL posts Q2 net loss of Rs 3,364 cr

State-owned Hindustan Petroleum Corporation Ltd (HPCL) Tuesday reported a net loss of Rs 3,364.48 crore for the quarter ended September 30 after the government failed to offer any compensation for the losses it incurred on subsidised fuel sales.