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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

311.85INR
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Rs312.85
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Rs492.80
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Rs288.50

Latest Key Developments (Source: Significant Developments)

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

India's HPCL says govt wants profit-making state-run firms to pay higher dividend in FY18
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd chief executive Mukesh Kumar Surana and Director-Refineries Vinod S. Shenoy at a press conference::July to Sept GRM at $7.61 per barrel versus $3.23 a bbl year ago‍​.Co posted inventory gain of 7.92 billion rupees in Sept quarter versus inventory loss of 5.5 billion rupees year ago.Co sees $65/bbl still a barrier to cross for global oil price.Co expects global oil prices to trade between $58-$65 a bbl.Co aims to build 180,000 BPD Rajasthan refinery by 2022.Government indicated that profit-making state-run cos should pay higher dividend in FY18.Co sees local diesel demand rising 4-5 percent in FY18.Rajasthan refinery to produce euro VI compliant fuel.Rajasthan refinery will be a diesel-oriented plant.Rajasthan refinery and petchem project to cost 400 billion rupees.Co has shut 1 CDU at Vizag refinery since early Nov for four weeks.  Full Article

India's Hindustan Petroleum Corp Sept qtr profit more than doubles
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd ::Sept quarter net profit 17.35 billion rupees .Hindustan Petroleum Corp Ltd consensus forecast for sept quarter profit was 20.58 billion rupees.Sept quarter income from operations 541.53 billion rupees versus 477.51 billion rupees last year.Sept quarter net profit last year was 7.01 billion rupees.Average GRM for six months ended sept 30 was $6.75 per bbl versus $5.12 per bbl last year.The profit alert was first sourced from TV and later confirmed from a press release on the NSE.  Full Article

India's ONGC chairman says "comfortable with current global oil prices"
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Oil And Natural Gas Corporation Ltd :India's ONGC exec says aim to raise oil production to 27 million tonnes and gas production to 42 billion cubic meters by 2021-22‍​.India's ONGC exec says currently executing 35 projects worth investment of 920 billion rupees.India's ONGC exec says ongc videsh to produce 6.33 million tonnes of hydrocarbons in fy 18.India's ONGC exec says hopes to complete hpcl acquisition by end march.India's ONGC exec says mrpl may not open retail fuel stations after its acquisition by hpcl.India's ONGC exec says wants local gas prices to be about $4.5 per mmbtu.India's ONGC exec says has board approval to borrow 250 billion rupees to fund hpcl acquisition.India's ONGC exec says "comfortable with current global oil prices".  Full Article

‍Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Moody's::Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​.  Full Article

India's ONGC exec says HPCL acquisition could cost 300 billion rupees
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Oil and Natural Gas Corporation Ltd ::Says acquisition of HPCL could cost 300 billion rupees.Says will support merger of HPCL and MRPL.Says has cash of 100 billion rupees as on mid-Sept.Says open offer will not be required in HPCL acquisition case.Says to surrender one of its Indian coal bed methane blocks.Says two CBM blocks to start production in 2018.Says talking to couple of strategic investors for Dahej petchem plants.  Full Article

Indian shares inch higher; Bajaj Auto gains

May 22 Indian shares looked set to snap a five-session losing streak on Tuesday, but gains were limited as the political situation in the southern state of Karnataka continued to be fluid, while investors awaited quarterly numbers from State Bank of India and Cipla Ltd due later in the day.