| Hindustan Petroleum Corporation Ltd.(HPCL) Related news |
Britannia might replace HPCL in the Nifty 50 index, says brokerage
Posted on 10th July 2018 |
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Consumer goods company Britannia Industries could replace state-owned oil marketing company Hindustan Petroleum Corporation (HPCL) in the benchmark Nifty 50 index, said domestic brokerage ICICI Direct. Besides, JSW Steel or Godrej Consumer Products also have a fair chance of replacing Lupin in the index, the brokerage added. |
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HPCL may use mix of shares, cash & oil bonds to buy MRPL
Posted on 5th July 2018 |
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NEW DELHI: Hindustan Petroleum Corporation Limited (HPCL) may use a mix of shares, cash and oil bonds to pay for acquiring and merging Mangalore Refinery and Petrochemicals Ltd (MRPL) with itself, according to people familiar with the merger plan that’s in the works. The final nature of the deal and the payment plan will be worked out once the boards of HPCL and MRPL approve the proposal to merge. |
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HPCL, MRPL boards set to take up the proposal for merger by August
Posted on 26th June 2018 |
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The boards of Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) are set to take up the proposal for merger of the two companies by August. After the acquisition of majority stake in the HPCL by Oil and Natural Gas Corporation (ONGC), it was expected that ONGC may look at further synergy in business by merging the two subsidiaries. |
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HPCL, BPCL, IOCL gain on fall in global oil prices
Posted on 18th June 2018 |
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Shares of oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading higher by up to 6% in otherwise subdued market after Brent crude prices fell in the international market. At 11:39 am; HPCL (up 6% at Rs 323), IOCL (5% at Rs 176) and BPCL (3% at Rs 424) were up in the range of 3% to 6% on the BSE, as compared to 0.07% decline in the S&P BSE Sensex. |
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Markets extend gains as oil prices cool off; Indian Oil, HPCL stocks jump
Posted on 29th May 2018 |
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The stock markets extended gains on Monday as investor sentiment improved following a 6 per cent slump in global oil prices. Gaining for the third day, the Sensex ended at 35,165.5, up 241 points, or 0.7 per cent. The Nifty rose 83.5 points, or 0.8 per cent, to 10.688.7. Both the indices have rebounded 2.5 per cent in the last three trading sessions. In the preceding week, they had dropped 3.4 per cent each amid a sharp uptick in oil prices and drop in the rupee’s value against the dollar. |
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HPCL Q4 PROFIT DIPS 4% ON LOWER REFINING MARGIN
Posted on 24th May 2018 |
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State-owned Hindustan Petroleum Corp Ltd (HPCL) on Wednesday reported 4 per cent drop in its March quarter net profit on lower refining margins and inventory gains. Net profit in the January-March quarter of the fiscal year 2017-18 at Rs 1,748 crore compared with a net profit of Rs 1,819 crore in the year-ago period, HPCL Chairman and Managing Director Mukesh K Surana told reporters here. “The profit decline was because of lower inventory gains compared to the previous quarter,” he said. |
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HPCL fourth-quarter profit falls nearly 4 per cent
Posted on 23rd May 2018 |
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Total expenses rose 13.8 per cent to 646.21 billion rupees, while income from operations rose 13 per cent to 663.51 billion rupees. State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses. |
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Oil marketing companies slip 2% to 4%, HPCL, BPCL hit 52-week lows
Posted on 19th April 2018 |
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Shares of oil marketing companies (OMCs) were trading lower in the range of 2% to 4% on the BSE in early morning trade on Thursday after global crude oil prices hit 3-year high on Wednesday. Hindustan Petroleum Corporation or HPCL (down 4% at Rs 308), Bharat Petroleum Corporation or BPCL (down 3.7% at Rs 390) and Mangalore Refinery & Petrochemicals or MRPL (down 3% at Rs 104) have hit their respective 52-week lows on the BSE in intra-day trade today. |
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In an election year, investors should stay away from Indian Oil, BPCL, HPCL
Posted on 13th April 2018 |
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Reports that the state-run oil marketing companies (OMCs) will absorb about Re1 a litre of the increase in diesel and petrol prices sent these stocks plummeting on Wednesday. OMCs are Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOC). |
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Aban Offshore, Oil India up over 3%; HPCL, BPCL, IOC down over 5%
Posted on 11th April 2018 |
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Shares of oil exploration, equipment and services companies were trading higher on the bourses by up to 7% on Wednesday in otherwise subdued market after on higher crude oil prices. Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration and Deep Industries were up in the range of 3% to 7% on the BSE. On comparison, the S&P BSE Sensex was down 0.30% at 33,780 points at 10:07 AM. |
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