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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

232.80INR
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Latest Key Developments (Source: Significant Developments)

HPCL Exec Says Co May Shut A 4.5 MTPA Crude Unit At Mumbai Refinery In March For 10 Days
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS CO MAY SHUT A 4.5 MTPA CRUDE UNIT AT MUMBAI REFINERY IN MARCH FOR 10 DAYS.EXEC SAYS CO MAY SHUT GASOLINE MAKING UNITS FOR 35-45 DAYS IN NEXT FISCAL YEAR.EXEC SAYS MAY SHUT GASOLINE MAKING UNITS AT MUMBAI, VIZAG REFINERIES FOR 35-45 DAYS IN NEXT FISCAL YEAR.  Full Article

Hindustan Petroleum Corp Exec Says May Resume Iran Oil Purchase If US Sanctions Waiver Permit
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS JULY-SEPT GROSS REFINING MARGIN AT $4.81/BBL VERSUS $7.61/BBL YEAR AGO.EXEC SAYS HPCL COMMISSIONED 131 NEW FUEL STATIONS IN SEPT QUARTER.EXEC SAYS CO CO POSTED 8.87 BILLION RUPEES FOREX LOSSES IN JULY-SEPT VERSUS GAIN OF 200 MILLION RUPEES YEAR AGO.EXEC SAYS CO POSTED 12.76 BILLION RUPEES INVENTORY GAINS IN SEPT QUARTER VERSUS 7.92 BILLION RUPEES YEAR AGO.EXEC SAYS CO CONTINUE TO SELL PETROL, DIESEL AT 1RUPEE/LITRE BELOW MARKET RATES.EXEC SAYS MAY SHUT SOME UNITS AT MUMBAI, VIZAG REFINERIES NEXT YEAR TO HOOK UP UNITS TO PRODUCE EU VI FUEL.EXEC SAYS SHUT DOWN OF THE UNITS AT TWO REFINERIES WILL BE FOR SHORT DURATION.EXEC SAYS MAY RESUME IRAN OIL PURCHASE IF US SANCTIONS WAIVER PERMIT.EXEC SAYS PROCESS ON TO WORK OUT METHODOLOGY FOR HPCL MRPL MERGER.EXEC SAYS CO HAS SETTLED ALL PAYMENTS TO IRAN.EXEC SAYS HOPES TO RAISE UP TO $500 MILLION FOREIGN LOANS BY END- NOV UNDER NEW WORKING CAPITAL NORMS.  Full Article

India's Hindustan Petroleum Corp Sept-Qtr Profit Falls
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::SEPT QUARTER NET PROFIT 10.92 BILLION RUPEES VERSUS PROFIT OF 17.35 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 15.11 BILLION RUPEES.SEPT QUARTER INCOME FROM OPERATIONS 730.65 BILLION RUPEES VERSUS 541.53 BILLION RUPEES LAST YEAR.AVERAGE GRM FOR SIX MONTHS ENDING SEPT 30 WAS $5.93 PER BBL.  Full Article

India's HPCL Sees FY19 Local Diesel Demand Up 5 Pct; Petrol 8 pct
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS CO AT ADVANCED STAGES TO GET ENVIRONMENTAL CLEARANCE FOR CHHARA LNG TERMINAL.EXEC - IN TALKS WITH VARIOUS COMPANIES TO SOURCE LNG FOR ITS NATURAL GAS TRADING AND CITY GAS BUSINESS.EXEC - AIMS TO COMPLETE BARMER REFINERY PROJECT BY 2022.EXEC - HOPES TO DO FINANCIAL CLOSURE FOR BARMER REFINERY WITHIN 3 WKS.EXEC SAYS DO NOT SEE ANY CHANGE IN DIESEL CONSUMPTION PATTERN DUE TO RISING PRICES.EXEC - SEES 5 PERCENT GROWTH IN DIESEL CONSUMPTION, 8 PERCENT GROWTH IN PETROL DEMAND THIS FISCAL.  Full Article

India's HPCL not planning to buy Iranian oil in Sept-Oct
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Hindustan Petroleum Corp Ltd Exec::HPCL AIMS TO INVEST 84 BILLION RUPEES IN FY19 ON VARIOUS PROJECTS INCLUDING REFINERIES AND PETCHEMS.HPCL'S VIZAG AND MUMBAI REFINERIES UPGRADATION AND EXPANSION PROJECTS ARE PROGRESSING AS PER SCHEDULE.HPCL AIMS TO MARKET LUBES, PETROLEUM PRODUCT IN MIDDLE EAST, AFRICA THROUGH A 100 PERCENT SUBSIDIARY COMPANY.JUNE QUARTER INVENTORY GAINS AT 19 BILLION RUPEES.CO WILL FOLLOW INDIAN GOVERNMENT GUIDELINES ON IRAN OIL IMPORTS.AS OF NOW NOT PLANNING TO BUY IRAN OIL IN SEPT.NO PLAN TO BUY IRAN OIL IN OCTOBER.CO GOT ENVIRONMENT APPROVAL FOR SETTING UP ETHANOL PLANT AT BATHINDA PLANT IN NORTH INDIA.NOT PLANNING MAINTENANCE SHUTDOWN OF UNITS AT VIZAG, MUMBAI REFINERIES IN FY19.CO MAY RAISE UP TO $500 MILLION THROUGH DEBT MARKET IN JAN-MARCH QUARTER.  Full Article

India's Bharat Heavy Electricals Gets Order Worth 10.34 Bln Rupees
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Bharat Heavy Electricals Ltd ::SAYS BHEL GETS 10.34 BILLION RUPEES CAPTIVE POWER PLANT ORDER.ORDER PLACED ON CO BY HPCL FOR ITS VISAKH REFINERY EXPANSION PROJECT AT VISAKHAPATNAM.‍CONTRACT FOR SETTING UP GAS TURBINE BASED CAPTIVE POWER PLANT ON LUMPSUM TURNKEY​.  Full Article

India's HPCL Exec Says Dec-Qtr Inventory Gains At 14.77 Bln Rupees
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Hindustan Petroleum Corp Ltd Exec::CO POSTED $9.04/BBL GRM IN DEC QUARTER.DEC QUARTER INVENTORY GAINS AT 14.77 BILLION RUPEES.NOT YET STARTED FORMAL TALKS ON INTEGRATION OF HPCL AND MRPL.TOTAL DEBT AS OF DEC 31 WAS 120 BILLION RUPEES.JAN OVERALL FUEL SALES GREW 4.6 PERCENT VERSUS 2.6 PERCENT YEAR AGO.INDIA'S JAN GASOLINE SALES UP 15.6 PERCENT FROM A YEAR AGO, DIESEL SALES UP 14.5 PERCENT.AIMS TO PROCESS 18 MILLION T CRUDE IN 2018-19.AIMS TO BUY 3 MILLION T OIL FROM SPOT MARKETS, 11 MILLION T THROUGH TERM DEALS IN 2018/19.HINDUSTAN PETROLEUM CORP EXEC SAYS WILL BUY 4 MILLION T OF INDIAN CRUDE IN 2018/19.PLANS TO IMPORT 2 MILLION T LOW SULPHUR OIL, 12 MILLION T HIGH SULPHUR OIL IN 2018/19.  Full Article

India's Hindustan Petroleum Dec Qtr Profit Up 22.6 Pct
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Hindustan Petroleum Corp Ltd ::DEC QUARTER NET PROFIT 19.50 BILLION RUPEES VERSUS PROFIT OF 15.90 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER PROFIT WAS 15.50 BILLION RUPEES.DEC QUARTER INCOME FROM OPERATIONS 628.32 BILLION RUPEES VERSUS 554.71 BILLION RUPEES LAST YEAR.DECLARED DIVIDEND OF 14.50 RUPEES PER SHARE.SAYS AVERAGE GRM FOR NINE MONTHS ENDED DEC 31 $7.51 PER BBL VERSUS $5.57 PER BBL YEAR AGO.  Full Article

Larsen & Toubro Says Unit Gets Order Valued Over 16 Bln Rupees From HPCL
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Larsen & Toubro Ltd ::SAYS L&T HYDROCARBON ENGINEERING WINS ORDER VALUED OVER 16 BILLION RUPEES.  Full Article

Moody's upgrades issuer ratings of 5 Indian non-financial corporates following sovereign upgrade
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Moody's -:MOODY'S UPGRADES ISSUER RATINGS OF 5 INDIAN NON-FINANCIAL CORPORATES FOLLOWING SOVEREIGN UPGRADE.MOODY'S-UPGRADED FOREIGN CURRENCY ISSUER RATINGS OF BHARAT PETROLEUM CORP, HINDUSTAN PETROLEUM CORP, IOC LTD , PETRONET LNG LIMITED TO BAA2 FROM BAA3‍​‍​‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: OUTLOOK ON THESE RATINGS HAVE BEEN REVISED TO STABLE FROM POSITIVE‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: FOREIGN CURRENCY ISSUER RATING OF ONGC HAS BEEN UPGRADED TO BAA1 FROM BAA2, OUTLOOK IS STABLE.  Full Article

Hindustan Petroleum may buy Iranian oil if India secures sanctions waiver

NEW DELHI, Nov 1 State-run Indian refiner Hindustan Petroleum said it may resume buying Iranian oil if New Delhi secures a waiver from U.S. sanctions, its chairman M K Surana said on Thursday.