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Hindustan Petroleum Corp Ltd News

Hindustan Petroleum Corp Ltd

05 Nov 2020

Hindustan Petroleum approves Rs 2,500 cr share buyback

HPCL will buyback upto 10 crore shares. Share buyback at no more than Rs 250 apiece. Company plans to buyback 6.56% of total shares.

Crisil Research

21 Jun 2019

Adding over 78,000 petrol pumps is uneconomical, says Crisil

The three public sector oil marketing firms - Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) - in November last year advertised to open 78,493 more petrol pumps in the country. This on top of 64,624 fuel retail outlets currently operating in the country.

Oil and Natural Gas Corp

29 May 2018

ONGC nominates one director on HPCL board; wants common govt director

ONGC, which had in January completed the acquisition of the government's 51.11 per cent stake in HPCL for Rs 36,915 crore, has appointed its Director (Finance) Subhash Kumar on the company board, sources said.

Mangalore Refinery and Petrochemicals Ltd

01 Dec 2017

MRPL makes its first US oil purchase

MRPL bought a 1 million-barrel cargo for a Feb. 1-10 delivery.

Oil and Natural Gas Corp

04 Sep 2017

ONGC seeks shareholders' nod to raise $4 billion

ONGC`s first debt issue in more than a decade would likely buy the government`s 51.1-percent stake in refining and marketing company Hindustan Petroleum Corp Ltd , company officials and analysts said.

28 Aug 2017

NSE adds three members to broad Nifty 50 index, removes four

With these changes, which will be effective on Sept. 29, the Nifty 50 will return to 50 constituents, after a period in which it had officially 51 members as both common shares and DVRs from Tata Motors had been included.

30 Apr 2017

Petrol, diesel prices to be revised daily from May 01

Petrol and diesel prices will be revised on a daily basis from Monday in select towns in sync with international rates, much like it happens in most advanced markets.

Hindustan Petroleum Corp Ltd

15 Nov 2016

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.

Hindustan Petroleum Corp Ltd

07 Mar 2016

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.

Hindustan Petroleum Corp Ltd

10 Nov 2015

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.

02 Nov 2015

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.

16 Oct 2015

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.

Hindustan Petroleum Corp Ltd

06 Aug 2015

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.

Hindustan Petroleum Corp Ltd

28 May 2015

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.

Indian Oil Corp

22 May 2015

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.

20 Jan 2015

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.

Hindustan Petroleum Corp Ltd

17 Dec 2014

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.

20 Nov 2014

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.

Hindustan Petroleum Corp Ltd

11 Nov 2014

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.

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