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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

India's HPCL Chairman says oil companies merger plan yet to emerge
Friday, 26 May 2017 05:52am EDT 

May 26 (Reuters) - India's Hpcl :Chairman says net profit 62.09 billion rupees for 2016/17 on standalone basis, up 66 percent.Chairman says signed revised mou with rajasthan government for integrated petroleum and petrochemical refinery at revised capital cost of 431.29 billion rupees.Chairman on merger plan of oil companies - "actual model yet to emerge".Chairman says received nod for borrowing 60 billion rupees until dec.  Full Article

India's Hindustan Petroleum Corp March-qtr profit up 31 pct
Friday, 26 May 2017 05:20am EDT 

May 26 (Reuters) - Hindustan Petroleum Corp Ltd :March quarter PAT 18.19 billion rupees .Consensus forecast for March quarter profit was 12.17 billion rupees.March quarter Income from ops 586.69 billion rupees.Recommended dividend of 1.10 rupees per share.Says recommended issue of bonus shares in ratio of 1:2.Says average grm for year ended march 2017 was $6.20 per bbl versus $6.68 per bbl last year.Net profit in March quarter last year was 13.88 billion rupees as per ind-as; income from operations was 481.45 billion rupees.The profit and income from operations alerts were first sourced from TV and later confirmed from a company press release at the National Stock Exchange.  Full Article

Hindustan Petroleum declares interim dividend of 6.40 rupees per share
Thursday, 23 Mar 2017 04:10am EDT 

Hindustan Petroleum Corp Ltd :Says declared interim dividend of INR 6.40 per equity share.  Full Article

Hindustan Petroleum Corp to consider interim dividend
Wednesday, 22 Mar 2017 09:16am EDT 

Hindustan Petroleum Corp Ltd :Says board meeting on 23.03.2017 for consideration of declaration of 2nd interim dividend for financial year 2016-17.  Full Article

Hindustan Petroleum Corp Dec qtr profit up about 53 pct
Monday, 13 Feb 2017 07:49am EST 

Hindustan Petroleum Corp Ltd : Dec quarter net profit 15.90 billion rupees . Consensus forecast for dec quarter profit was 15.35 billion rupees . Dec quarter total income from operations 555.41 billion rupees . Net profit in dec quarter last year was 10.41 billion rupees as per Ind-AS; total income from operations was 483.23 billion rupees .Says average GRM during nine months ended dec 31, 2016 was $5.57 per barrel.  Full Article

India's HPCL likely to raise $500 mln via bonds next fiscal year
Monday, 6 Feb 2017 11:11pm EST 

India's Hindustan Petroleum Corp Ltd is expected to raise $500 via bonds in the next fiscal year, a company executive said. Further company coverage:.  Full Article

Fitch says India oil merger may boost efficiency; faces challenges
Monday, 6 Feb 2017 09:59pm EST 

Fitch: Fitch: India oil merger may boost efficiency; faces challenges . Fitch - Proposed merger of India's state-controlled oil companies could reduce inefficiencies across sector . Fitch - Proposed merger of India's state-controlled oil companieswould face significant execution challenges .Fitch on India oil deal-Expects merger to give new entity much stronger bargaining power with suppliers, greater financial clout to secure oil resources.  Full Article

Engineers India gets contract worth over 25 bln rupees from HPCL for Vizag refinery
Monday, 9 Jan 2017 07:13am EST 

Engineers India Ltd : Says HPCL has entrusted project for execution of Vizag Refinery Modernization Project (VRMP) to Engineers India Limited . Co shall execute this project contract under two separate contracts, namely "PMC services for major process units and packages under U&O" . Says total awarded order value is more than 25 billion rupees with a total project schedule of 43 months for mechanical completion .Says execution of U&O and PRU revamp on open book estimate (OBE) basis.  Full Article

Indian Oil signs consortium agreement for pre-project activities for west coast refinery
Wednesday, 7 Dec 2016 05:32am EST 

Indian Oil Corpn Ltd : signing of consortium agreement to carry out pre-project activities for setting up of west coast refinery and a petrochemical project . says project of approximately 60 MMTPA capacity in state of maharashtra through a joint venture company .co, Bharat Petroleum Corporation Ltd And Hindustan Petroleum Corporation Ltd signed the consortium agreement.  Full Article

Hindustan Petroleum Corp exec says Vizag refinery expansion to cost 209.28 bln rupees
Monday, 22 Aug 2016 08:30am EDT 

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

Morning News Call - India, July 20

To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07202017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 9:30 am: Railways Minister Suresh Prabhu and Telecom Minister Manoj Sinha to attend technical seminar in New Delhi. 10:30 am: Kotak Mahindra Bank annual shareholders meeting in Mumbai. 11:00