Edition:
United States

Hindustan Petroleum Corp Ltd (HPCL.NS)

HPCL.NS on National Stock Exchange of India

411.75INR
18 Jan 2018
Change (% chg)

-- (--)
Prev Close
Rs411.75
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,923,977
52-wk High
Rs492.80
52-wk Low
Rs319.60

Latest Key Developments (Source: Significant Developments)

Larsen & Toubro Says Unit Gets Order Valued Over 16 Bln Rupees From HPCL
Wednesday, 6 Dec 2017 10:37pm EST 

Dec 7 (Reuters) - Larsen & Toubro Ltd ::SAYS L&T HYDROCARBON ENGINEERING WINS ORDER VALUED OVER 16 BILLION RUPEES.  Full Article

Moody's upgrades issuer ratings of 5 Indian non-financial corporates following sovereign upgrade
Friday, 17 Nov 2017 02:09am EST 

Nov 17 (Reuters) - Moody's -:MOODY'S UPGRADES ISSUER RATINGS OF 5 INDIAN NON-FINANCIAL CORPORATES FOLLOWING SOVEREIGN UPGRADE.MOODY'S-UPGRADED FOREIGN CURRENCY ISSUER RATINGS OF BHARAT PETROLEUM CORP, HINDUSTAN PETROLEUM CORP, IOC LTD , PETRONET LNG LIMITED TO BAA2 FROM BAA3‍​‍​‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: OUTLOOK ON THESE RATINGS HAVE BEEN REVISED TO STABLE FROM POSITIVE‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: FOREIGN CURRENCY ISSUER RATING OF ONGC HAS BEEN UPGRADED TO BAA1 FROM BAA2, OUTLOOK IS STABLE.  Full Article

India's HPCL says govt wants profit-making state-run firms to pay higher dividend in FY18
Thursday, 9 Nov 2017 05:39am EST 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd chief executive Mukesh Kumar Surana and Director-Refineries Vinod S. Shenoy at a press conference::July to Sept GRM at $7.61 per barrel versus $3.23 a bbl year ago‍​.Co posted inventory gain of 7.92 billion rupees in Sept quarter versus inventory loss of 5.5 billion rupees year ago.Co sees $65/bbl still a barrier to cross for global oil price.Co expects global oil prices to trade between $58-$65 a bbl.Co aims to build 180,000 BPD Rajasthan refinery by 2022.Government indicated that profit-making state-run cos should pay higher dividend in FY18.Co sees local diesel demand rising 4-5 percent in FY18.Rajasthan refinery to produce euro VI compliant fuel.Rajasthan refinery will be a diesel-oriented plant.Rajasthan refinery and petchem project to cost 400 billion rupees.Co has shut 1 CDU at Vizag refinery since early Nov for four weeks.  Full Article

India's Hindustan Petroleum Corp Sept qtr profit more than doubles
Thursday, 9 Nov 2017 03:49am EST 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd ::Sept quarter net profit 17.35 billion rupees .Hindustan Petroleum Corp Ltd consensus forecast for sept quarter profit was 20.58 billion rupees.Sept quarter income from operations 541.53 billion rupees versus 477.51 billion rupees last year.Sept quarter net profit last year was 7.01 billion rupees.Average GRM for six months ended sept 30 was $6.75 per bbl versus $5.12 per bbl last year.The profit alert was first sourced from TV and later confirmed from a press release on the NSE.  Full Article

India's ONGC chairman says "comfortable with current global oil prices"
Wednesday, 1 Nov 2017 09:52am EDT 

Nov 1 (Reuters) - Oil And Natural Gas Corporation Ltd :India's ONGC exec says aim to raise oil production to 27 million tonnes and gas production to 42 billion cubic meters by 2021-22‍​.India's ONGC exec says currently executing 35 projects worth investment of 920 billion rupees.India's ONGC exec says ongc videsh to produce 6.33 million tonnes of hydrocarbons in fy 18.India's ONGC exec says hopes to complete hpcl acquisition by end march.India's ONGC exec says mrpl may not open retail fuel stations after its acquisition by hpcl.India's ONGC exec says wants local gas prices to be about $4.5 per mmbtu.India's ONGC exec says has board approval to borrow 250 billion rupees to fund hpcl acquisition.India's ONGC exec says "comfortable with current global oil prices".  Full Article

‍Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​
Sunday, 29 Oct 2017 11:49pm EDT 

Oct 30 (Reuters) - Moody's::Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​.  Full Article

India's ONGC exec says HPCL acquisition could cost 300 billion rupees
Wednesday, 27 Sep 2017 05:28am EDT 

Sept 27 (Reuters) - Oil and Natural Gas Corporation Ltd ::Says acquisition of HPCL could cost 300 billion rupees.Says will support merger of HPCL and MRPL.Says has cash of 100 billion rupees as on mid-Sept.Says open offer will not be required in HPCL acquisition case.Says to surrender one of its Indian coal bed methane blocks.Says two CBM blocks to start production in 2018.Says talking to couple of strategic investors for Dahej petchem plants.  Full Article

India Index Services & Products says Bajaj Finance, HPCL and UPL Ltd to be included in Nifty 50 index
Monday, 28 Aug 2017 07:41am EDT 

Aug 28 (Reuters) - India Index Services And Products Ltd <.NSEI>: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.  Full Article

India's HPCL sees 2017/18 investment of 71 bln rupees
Friday, 4 Aug 2017 06:01am EDT 

Aug 4 (Reuters) - India's HPCL :Says plans to invest about 71 billion rupees ($1.11 billion) in refineries, marketing, pipelines in 2017/18 fiscal year. .  Full Article

India's Hindustan Petroleum Corp June qtr profit down about 56 pct
Friday, 4 Aug 2017 04:50am EDT 

Aug 4 (Reuters) - Hindustan Petroleum Corp Ltd :June quarter net profit 9.25 billion rupees versus profit of 20.98 billion rupees last year.Consensus forecast for june quarter profit was 10.28 billion rupees.June quarter total income 605.45 billion rupees versus 519.36 billion rupees last year.Says average GRM $5.86 per barrel for June quarter.  Full Article

India's MRPL seeks 1 million barrels of high-sulphur U.S. Oil

NEW DELHI India's state-run Mangalore Refinery and Petrochemicals Ltd has floated its first tender to buy high-sulphur crude oil from the United States, a tender document showed on Monday.