Hindustan Petroleum Corp Ltd

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.

Jun 20, 2019, 16:53 PM IST

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.

May 29, 2018, 14:53 PM IST

MRPL makes its first US oil purchase

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

Dec 01, 2017, 16:10 PM IST

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.

Sep 04, 2017, 19:02 PM IST

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.

Aug 28, 2017, 17:43 PM IST

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.

Apr 30, 2017, 21:57 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 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.

Mar 07, 2016, 13:42 PM IST

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.

Nov 10, 2015, 16:19 PM IST

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.

Nov 02, 2015, 18:49 PM IST

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.

Oct 16, 2015, 14:46 PM IST

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.

Aug 06, 2015, 23:46 PM IST

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.

May 28, 2015, 23:32 PM IST

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.

May 22, 2015, 11:44 AM IST

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.

Jan 20, 2015, 18:07 PM IST

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.

Dec 17, 2014, 20:56 PM IST

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.

Nov 20, 2014, 15:07 PM IST

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.

Nov 11, 2014, 13:28 PM IST

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.

May 28, 2014, 19:32 PM IST

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.

May 28, 2014, 19:25 PM IST