HPCL

Moody's upgrades ratings of nine PSUs

Moody's upgrades ratings of nine PSUs

The foreign currency issuer ratings of Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp (IOC) and Petronet LNG Ltd (PLL) was upgraded to Baa2 from Baa3, the same as India's sovereign rating upgrade.

Nov 17, 2017, 18:18 PM IST
HPCL starts selling lubricants in Myanmar

HPCL starts selling lubricants in Myanmar

HPCL is the first Indian oil company to have started marketing lubes in Myanmar and has chosen commercial hubs of Yangon and Mandalay.

Oct 13, 2017, 14:56 PM IST
ONGC may sell IOC stake to LIC in block deal

ONGC may sell IOC stake to LIC in block deal

ONGC has already secured shareholder nod to raise up to Rs 25,000 crore debt, he said, adding that the company had about Rs 10,000 crore of cash in hand.

Oct 09, 2017, 13:34 PM IST
Jet fuel price hiked by 6%; LPG costlier by Rs 1.50 a cylinder

Jet fuel price hiked by 6%; LPG costlier by Rs 1.50 a cylinder

Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. Any requirement beyond that is to be purchased at market price.

Oct 01, 2017, 15:56 PM IST
Step up capital spending: Finance minister to CPSEs

Step up capital spending: Finance minister to CPSEs

The meeting was about capex, and as the country is on the growth path, the companies were advised to increase capex, NLC India Chairman and Managing Director S K Acharya said after the meeting.

Sep 28, 2017, 16:04 PM IST
ONGC to acquire HPCL in block deal in Nov-Dec

ONGC to acquire HPCL in block deal in Nov-Dec

The government's transaction advisor JM Financial and legal consultant Cyril Amarchand Mangaldas is preparing Information Memorandum (IM) on Hindustan Petroleum Corporation Ltd (HPCL) with India's largest oil and gas producer, ONGC, in the next 7-10 days.

Sep 25, 2017, 15:09 PM IST
ONGC board approves HPCL takeover

ONGC board approves HPCL takeover

The government last month had approved sale of its 51.11 per cent stake in oil refiner HPCL to India's largest oil producer ONGC.

Aug 22, 2017, 00:17 AM IST
PwC, EY, 3 others in race for HPCL transaction adviser

PwC, EY, 3 others in race for HPCL transaction adviser

PwC, JM Financial and ICICI Securities are among the five consultants vying to become transaction adviser to the government's over Rs 33,000 crore stake sale in HPCL to ONGC.

Aug 13, 2017, 12:41 PM IST
Govt tweaks HPCL sale terms to avoid 'open offer'

Govt tweaks HPCL sale terms to avoid 'open offer'

The Department of Investment and Public Asset Management (DIPAM) had on July 21 used the same formulation to invite expression of interest from investment and merchant bankers to manage the transaction.

Aug 09, 2017, 12:33 PM IST
HPCL Q1 net profit dips 56% on lower margins

HPCL Q1 net profit dips 56% on lower margins

The company earned USD 5.86 on turning every barrel of crude oil into fuel during April-June, 2017-18 as compared to a gross refining margin of USD 6.83 per barrel in the same period of 2016-17, he said.

Aug 04, 2017, 17:49 PM IST
HPCL stake sale: Govt seeks bids for bankers, legal firms

HPCL stake sale: Govt seeks bids for bankers, legal firms

Kicking off the process for sale of HPCL stake to ONGC, the government has invited bids for appointing merchant bankers and legal consultants for the Rs 28,000-crore deal.

Jul 30, 2017, 12:19 PM IST

ONGC announces plans to buy government stake in HPCL

State-owned Oil and Natural Gas Corporation (ONGC) has announced its plans to likely acquire the central government`s majority stake in refiner Hindustan Petroleum Corp. Ltd (HPCL) by the end of this financial year.

Jun 02, 2017, 18:17 PM IST
Merger talks of ONGC, HPCL on at ministerial level

Merger talks of ONGC, HPCL on at ministerial level

State-owned oil major ONGC has said the preliminary discussion for its acquisition of India's third-biggest fuel retailer HPCL has started and is going on at the ministerial level.

Mar 15, 2017, 14:29 PM IST
ONGC may acquire HPCL in $6.6 bn deal

ONGC may acquire HPCL in $6.6 bn deal

Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government`s plan to create an integrated public sector oil entity.

Feb 27, 2017, 09:51 AM IST
BPCL, HPCL, IOC, Sun Pharma entity win oil & gas field auction

BPCL, HPCL, IOC, Sun Pharma entity win oil & gas field auction

State-owned refiners BPCL, HPCL and IOC alongside a company floated by directors of drugmaker Sun Pharmaceuticals were on Wednesday declared as winners of the much-hyped small oil and gas field discovery auction.

Feb 15, 2017, 20:57 PM IST
Now, pay for petrol, diesel at Hindustan Petroleum, Indian Oil with Ola Money

Now, pay for petrol, diesel at Hindustan Petroleum, Indian Oil with Ola Money

No card, no cash but want to refill fuel? No worries – you can pay with Ola Money.

Dec 02, 2016, 22:49 PM IST

HPCL plans 25% stake in $30 bn refinery on west coast

Hindustan Petroleum Corp Ltd plans to take 25 percent stake in the USD 30 billion mega oil refinery planned to be set up on the west coast, the company's chairman Mukesh K Surana said today.

Nov 15, 2016, 17:54 PM IST

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.

Sep 09, 2016, 14:56 PM IST

HPCL shuts Mumbai refinery unit, imports gasoline, executive says

Hindustan Petroleum Corp Ltd shut a unit at its 130,000 barrels per day (bpd) refinery in Mumbai last week due to a technical glitch, and has since been importing gasoline, the head of its refineries told Reuters on Friday.

Sep 09, 2016, 14:30 PM IST
Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

Govt open to deliberating on merger of oil firms: Dharmendra Pradhan

Government is open to deliberating on the issue of mega merger of state-owned oil firms for creating a behemoth, Union Minister Dharmendra Pradhan said.

Jul 31, 2016, 14:47 PM IST