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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

443.80INR
15 Dec 2017
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Rs6.55 (+1.50%)
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Rs492.80
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Latest Key Developments (Source: Significant Developments)

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

Hindustan petroleum exec says HMEL may shut 180,000 bpd refinery for a month
Monday, 13 Feb 2017 

Hindustan Petroleum Corp Ltd : Exec says inventory gains of 7 billion rupees in Q3 . Exec says debt as of Dec 31 of 754.31 billion rupees . Exec says aims to expand Mumbai and Vizag refineries by 2020 . Exec says fuel sales picking up now as impact of demonitisation fades . Exec says no OPEC producers have so far cut supplies to the company . Exec says aims to process 60 percent high sulphur and 40 percent low sulphur oil . Exec says company imports 12-13 million tonne oil a year .Exec says HMEL may shut 180,000 bpd Bathinda Refinery from end- April for a month.  Full Article

Hindustan Petroleum Corp exec says Vizag refinery expansion to cost 209.28 bln rupees
Monday, 22 Aug 2016 

Hindustan Petroleum Corp Ltd : Exec says has term deal to buy 20,000 BPD Iran oil in FY 2017 with an option to buy another 20,000 BPD . Exec says one CDU at vizag 167,000 BPD refinery shut for maintenance since July 23 . 60,000 BPD crude unit at Vizag refinery to resume operations on August 27 . Board okays expansion of Vizag refinery to 300,000 BPD at investment of 209.28 billion rupees . Exec says to complete Vizag refinery expansion by 2020 . Exec says to raise capacity of Mumbai refinery capacity to 190,000 BPD by 2019 from 150,000 BPD now . Exec says taking 1.75 million barrels Iranian oil in August . Exec says will buy 1.75 million barrels of Iran oil in September . Further company coverage [HPCL.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Hindustan Petroleum Corp June-qtr profit up about 30 pct
Monday, 22 Aug 2016 

Hindustan Petroleum Corp Ltd : June-quarter net profit 20.98 billion rupees . June-quarter net sales 516 billion rupees . Net profit in June-quarter last year was 16.14 billion rupees as per Ind-AS; net sales was 547.39 billion rupees . Says June-quarter average gross refining margin $6.83 per barrel . Recommends issue of bonus share in ratio of 2:1 .  Full Article

Hindustan Petroleum recommends bonus issue in 2:1 ratio
Wednesday, 20 Jul 2016 

Hindustan Petroleum Corp Ltd : Hindustan Petroleum Corporation Limited - Board recommended increase in authorised share capital to 25 billion rupees . Hindustan Petroleum Corporation Limited - Board further recommended capitalisation of reserves and issue of fully paid bonus shares in ratio of 2:1 .  Full Article