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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

258.00INR
11:21am BST
Change (% chg)

Rs6.65 (+2.65%)
Prev Close
Rs251.35
Open
Rs258.60
Day's High
Rs260.45
Day's Low
Rs247.00
Volume
10,322,727
Avg. Vol
5,886,500
52-wk High
Rs484.35
52-wk Low
Rs233.45

Latest Key Developments (Source: Significant Developments)

India's Hindustan Petroleum Corp June-Qtr Net Profit Rises About 86 Pct
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Hindustan Petroleum Corp Ltd ::JUNE QUARTER NET PROFIT 17.19 BILLION RUPEES VERSUS PROFIT OF 9.25 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 14.35 BILLION RUPEES.JUNE QUARTER INCOME FROM OPERATIONS 729.23 BILLION RUPEES VERSUS 598.91 BILLION RUPEES LAST YEAR.JUNE QUARTER AVERAGE GROSS REFINING MARGIN AT $7.15 PER BARREL VERSUS $5.86 PER BARREL IN PREVIOUS QUARTER.  Full Article

India's HPCL Exec Says Not Planning To Import Iran Oil In August
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Hindustan Petroleum Corp Ltd ::INDIA'S HPCL EXEC SAYS HAVE IMPORTED 400,000 TONES OF IRANIAN OIL SO FAR IN THIS FISCAL YEAR.INDIA'S HPCL EXEC SAYS NOT PLANNING TO IMPORT IRAN OIL IN AUGUST.  Full Article

TechnipFMC wins Hindustan Petroleum contract for India's largest hydrogen generation unit
Friday, 20 Jul 2018 

July 20 (Reuters) - TechnipFMC PLC ::* Awarded a substantial contract by the state-owned Hindustan Petroleum Corporation Ltd (HPCL) for a grassroot Hydrogen Generation Unit (HGU)..  Full Article

India's Hindustan Petroleum Corp March Qtr Profit Down About 4 Pct
Tuesday, 22 May 2018 

May 22 (Reuters) - Hindustan Petroleum Corp Ltd ::MARCH QUARTER NET PROFIT 17.48 BILLION RUPEES VERSUS PROFIT OF 18.19 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 17.59 BILLION RUPEES.MARCH QUARTER INCOME FROM OPERATIONS 663.51 BILLION RUPEES VERSUS 586.68 BILLION RUPEES LAST YEAR.SAYS AVERAGE GRM DURING YEAR ENDED MARCH 31, 2018 $7.40 PER BBL.RECOMMENDED FINAL DIVIDEND OF 2.50 RUPEES PER SHARE.  Full Article

India's Hindustan Petroleum Posts Consol Profit Of 61.69 Bln Rupees For 10 Months Ended Jan 31
Friday, 27 Apr 2018 

April 27 (Reuters) - Hindustan Petroleum Corp Ltd ::10 MONTHS ENDED JAN 31, 2018 CONSOL NET PROFIT 61.69 BILLION RUPEES.10 MONTHS ENDED JAN 31, 2018 CONSOL INCOME FROM OPERATIONS 1.98 TRLN RUPEES.  Full Article

India Govt Invites Expression Of Interest For Proposed Disinvestment of Hindustan Newsprint
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Department of Investment and Public Asset Management, Ministry of Finance, Govt of India::INVITES EXPRESSION OF INTEREST FOR PROPOSED STRATEGIC DISINVESTMENTOF 100% SHAREHOLDING OF HINDUSTAN NEWSPRINT LIMITED HELD BY HPCL.  Full Article

India's ONGC To Borrow 240-250 Bln Rupees To Fund HPCL Stake Buy - Exec
Sunday, 21 Jan 2018 

Jan 21 (Reuters) - India's Oil and Natural Gas Corp Exec Says::HAVE GOT BORROWING LIMIT RAISED TO 350 BILLION RUPEES.HOPES TO CONCLUDE HPCL STAKE BUY BY END JAN.HPCL STAKE BUY NOT TO HIT COMPANY'S OVERSEAS ACQUISITION PLANS.TO MAINTAIN INDEPENDENT IDENTITY OF HPCL POST ACQUISITION.ACQUISITION OF HPCL TO HELP IN CRUDE SOURCING FOR MRPL AT BETTER PRICE.HINDUSTAN PETROLEUM CORP AND MRPL TO JOINTLY SOURCE CRUDE IN FUTURE.NO PLAN AS OF NOW TO MERGE HPCL AND MRPL.MAY LOOK AT MERGING HPCL AND MRPL IN FUTURE.WILL BORROW 240-250 BILLION RUPEES TO FUND HPCL STAKE BUY.AIMS TO PRODUCE GAS FROM EAST COAST BLOCK BY MARCH 2020.  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

RPT-India may look to lock in oil futures to stem rupee slide - source

NEW DELHI/MUMBAI, Sept 20 India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in November.