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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

425.25INR
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Latest Key Developments (Source: Significant Developments)

Hindustan petroleum exec says HMEL may shut 180,000 bpd refinery for a month
Monday, 13 Feb 2017 09:30am EST 

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 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

Hindustan Petroleum Corp June-qtr profit up about 30 pct
Monday, 22 Aug 2016 07:26am EDT 

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 09:49am EDT 

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

Hindustan Petroleum approves Visakh refinery capacity expansion project
Wednesday, 20 Jul 2016 09:41am EDT 

Hindustan Petroleum Corp Ltd : Hindustan Petroleum Corporation Ltd - Approved Visakh refinery capacity expansion from 8.33 MMTPA to 15 MMTPA . Project involves investment of 209.28 billion rupees and is expected to be mechanically completed within 48 months from approval .  Full Article

Hindustan Petroleum approveS acquisition of shareS of Petronet MHB Ltd from Petronet India
Friday, 27 May 2016 05:25am EDT 

Hindustan Petroleum Corp Ltd : Approved acquisition of equity share of Petronet MHB Ltd. at INR 12.04 from Petronet India totaling to 260.9 million rupees .  Full Article

Hindustan Petroleum says combined GRM in Q4 at $7.51/bbl vs $7.47/bbl in year ago qtr
Friday, 27 May 2016 04:45am EDT 

Hindustan Petroleum Corp Ltd : Combined gross refining margin during Q4 at $7.51 per barrel versus $7.47 per barrel in the year ago quarter - statement . Exec says plan shutdown of Bathinda refinery for 35 days in March-April 2017 . Exec says started process to pay Iran $17.5 million of $23 million oil dues . Exec says HPCL and HMEL aim to together import 2 million tonnes of Iran oil in FY 2017 . Exec says plan to invest 90 billion rupees in the Mumbai refinery for expansion in the next five years . Further company coverage [HPCL.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

BRIEF-India Index Services & Products says Bajaj Finance, HPCL and UPL Ltd to be included in Nifty 50 index

Aug 28 India Index Services And Products Ltd * Says Bajaj Finance Ltd, Hindustan Petroleum Corporation Ltd and UPL Ltd being included in Nifty 50 index * ACC Ltd, Bank Of Baroda, Tata Power Co Ltd, Tata Motors Ltd DVR to be excluded from Nifty50 index from Sept 29 Source text - The Index Maintenance Sub-Committee (IMSC) has decided to make the following replacement of stocks in various indices as part of its periodic review. These changes shall become effective from S