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Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

22 Jul 2016
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Rs10.40 (+0.90%)
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Latest Key Developments (Source: Significant Developments)

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

Hindustan Petroleum Corp Ltd declares dividend
Thursday, 28 May 2015 08:17am EDT 

Hindustan Petroleum Corp Ltd:Recommends a final dividend of 24.50 Indian rupees per share.  Full Article

AWE completes sale of 11.25 pct of BassGas to subsidiary of Hindustan Petroleum Corporation Limited
Monday, 3 Nov 2014 10:10pm EST 

AWE Limited:Announces the completion of the sale of an 11.25 pct interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75 pct interest in T/18P (Trefoil field) to Prize Petroleum Company Limited, a wholly owned subsidiary of Hindustan Petroleum Corporation Limited.Says total consideration for the sale was $85 million with payment structured in three tranches.Says the effective date for the sale is July 1, 2013 and is subject to completion adjustments relating to the net income received and capital invested since this date.Says the completion adjustment will be finalised prior to the end of the calendar year.Says proceeds of the completion funds of $64 million will be used to repay drawn debt and to fund development projects.Says all joint venture and government approvals for this transaction have been received and AWE now holds 35 pct in T/L1 (BassGas/Yolla) and 35 pct in T/18P (Trefoil).  Full Article

Hindustan Petroleum Corp Ltd announces appointment of auditors
Friday, 19 Sep 2014 07:55am EDT 

Hindustan Petroleum Corp Ltd:Have received a letter from the Office of the Comptroller and Auditor General of India, New Delhi advising appointment of G M Kapadia and Co. Chartered Accountants and C V K & Associates Chartered Accountants as Joint Statutory Auditors, for the Financial Year 2014-2015.  Full Article