| Hindustan Petroleum Corporation Ltd.(HPCL) Related news |
IOC, BPCL, HPCL gain up to 3% ahead of board meeting on interim dividend
Posted on 23rd March 2017 |
.jpg) |
Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) were trading higher by up to 3% on BSE ahead of their board meetings today to consider the interim dividend. “The board of directors of the company would consider declaration of second interim dividend for the financial year 2016-17 on March 23, 2017 and record date to be considered,” these companies have said in a separate regulatory filing. |
|
|
Merger talks of ONGC, HPCL on at ministerial level
Posted on 15th March 2017 |
.jpg) |
GUWAHATI: State-owned oil major ONGC has said the preliminary discussion for its acquisition of India's third-biggest fuel retailer HPCL has started and is going on at the ministerial level. "The talks are going on at ministerial level. We have not discussed it at the ONGC board. The petroleum ministry wants this to happen because if integration takes place, there will be value creation," ONGC Director (onshore) Ved Prakash Mahawar told PTI here. |
|
|
ONGC-HPCL affair: The key takeaways
Posted on 2nd March 2017 |
.jpg) |
News reports are abuzz with speculation that Oil and Natural Gas Corp. Ltd (ONGC) may acquire the government’s 51.1% stake in Hindustan Petroleum Corp. Ltd (HPCL). While there is no official confirmation of this news yet, who will benefit the most if it plays out according to the reports? Prima facie, it looks like the government will walk away with the booty in this case. The government will earn about $4-4.5 billion as a result of this acquisition. That should assist it in meeting its divestment target. Based on Tuesday’s market price, the deal works out to Rs27,786 crore (or $4.17 billion). |
|
|
HPCL tanks 5% on reports ONGC may acquire it in Rs 44,000 crore deal
Posted on 28th February 2017 |
.jpg) |
Shares of Hindustan Petroleum Corporation Ltd (HPCL) tanked over 5% on the BSE on news reports the state-owned Oil and Natural Gas Corporation (ONGC) may acquire HPCL in an about Rs 44,000 crore deal as part of the government's plan to create an integrated oil giant. Reacting to the buzz, the stock of HPCL shed 5% to Rs 531 in intraday trade on the BSE. Stock of Bharat Petroleum Corporation Ltd (BPCL) also slipped nearly 3% to Rs 670. ONGC was trading flat at Rs 194. |
|
|
ONGC to take control of HPCL to create larger oil sector entity: Report
Posted on 27th February 2017 |
.jpg) |
India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated public sector oil entity, the Economic Times daily reported on Monday citing top government officials. India plans to create a giant oil company by combining state-owned firms, finance minister Arun Jaitley said in the budget speech earlier this month as the world's third largest oil consumer looks to better compete with global majors in acquiring foreign assets. |
|
|
Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCL
Posted on 22nd February 2017 |
.jpg) |
NEW DELHI: The government’s plan to create an integrated oil company will likely involve Oil and Natural Gas Corp taking over either Hindustan Petroleum Corp (HPCL) or Bharat Petroleum Corp (BPCL) but won’t result in a mega merger leading to the creation of an industry giant. In his February 1 Budget speech, FM Arun Jaitley had said the government proposes to “create an integrated public sector oil major which will be able to match the performance of international and domestic private sector oil and gas companies”. |
|
|
HPCL falls over 5% on profit booking post Q3 results
Posted on 14th February 2017 |
.jpg) |
Hindustan Petroleum Corporation (HPCL) dipped over 6% to Rs 541 on the BSE on profit booking after the company reported 53% year-on-year rise in its net profit at Rs 1,590 crore for the quarter ended December 2016 (Q3FY17), owing to better operational performance. Total income from operations for the quarter under review was at Rs 55,541 crore, 15% higher from Rs 48,323 crore. |
|
|
HPCL gets green nod for Rs 3,846-crore expansion project
Posted on 6th February 2017 |
.jpg) |
State-owned refiner Hindustan Petroleum Corporation Ltd (HPCL) has received environment clearance for expansion of its Mumbai refinery in Maharashtra, entailing an investment of Rs 3,846 crore. With the proposed expansion, HPCL said the Mumbai refinery will be able to produce gasoline and diesel meeting Euro IV quality specifications, besides other petroleum products like LPG, Naphtha, Kerosene, ATF, Fuel oil and Sulphur and can meet the current market demands. |
|
|
GAIL, HPCL to set up Rs 40,000 cr cracker unit at Kakinada, Andhra Pradesh
Posted on 30th January 2017 |
.jpg) |
Public sector oil and gas companies GAIL and HPCL together propose to set up a cracker unit at Kakinada on the east coast at an estimated investment of Rs 40,000 crore. The proposal was in discussions for more than a year now with Andhra Pradesh government seeking these investments at Machilipatnam port closer to the upcoming capital city Amaravati. |
|
|
IndusInd Bank, IOCL, HPCL, BPCL hit record high
Posted on 24th January 2016 |
.jpg) |
All three listed oil marketing companies (OMCs) Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) along with IndusInd Bank, Hindustan Zinc and Power Grid Corporation are 10 stocks from the Nifty500 index hitting their respective record highs on the National Stock Exchange (NSE). Caplin Point Lab, CCL Products, EID Parry and Vakrangee are others that hit lifetime highs on the NSE in intra-day trade. |
|
|
|
|
|
|
|
|
