HINDPETRO.BO - Hindustan Petroleum Corporation Limited

BSE - BSE Real Time Price. Currency in INR
265.85
+3.15 (+1.20%)
At close: 3:50PM IST
Stock chart is not supported by your current browser
Previous close262.70
Open264.70
Bid0.00 x 0
Ask265.80 x 0
Day's range264.00 - 268.05
52-week range211.35 - 333.45
Volume291,800
Avg. volume377,025
Market cap409B
Beta (5Y Monthly)0.36
PE ratio (TTM)7.55
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield18.80 (7.16%)
Ex-dividend date2019-06-06
1y target estN/A
  • India on course for lowest fuel demand growth in six years
    Reuters

    India on course for lowest fuel demand growth in six years

    Growth in demand for fuel in India is on course to fall to its lowest in at least six years as the economy slows and after heavy rains impacted gasoil consumption, which accounts for about two-fifth of the nation's overall fuel use. In the fiscal year to March 2019, fuel demand rose by 3.4%, the lowest in five years. "It means in the next few months (in this fiscal year) fuel demand need to grow by 3%-4% to reach last year's levels, which looks unlikely," M.K Surana, chairman of state-run Hindustan Petroleum Corp told a news conference.

  • Reuters

    HPCL chairman says petrol, diesel prices to rise if crude price stays high

    India's Hindustan Petroleum Corp Ltd has said that price of petrol and diesel at retail outlets might go up if the price of crude stays at current levels. "Price of product at fuel outlets might be impacted if crude price continues to go up by 10%," M K Surana, chairman of HPCL told Reuters on Monday. Indian fuel marketing companies fix the price of petrol and diesel at retail outlets based on an average of last 15 days of benchmark price of petrol and diesel in the Middle East.

  • Reuters

    BPCL, HPCL buy more gasoline to plug supply gaps

    India's Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) continue to import gasoline to plug a persistent supply gap as their refineries undergo maintenance and upgrade to produce cleaner fuels. BPCL on Wednesday bought 20,000 tonnes of gasoline for Sept. 16-18 arrival at Kandla at premiums of about $4 a barrel to Singapore quotes on a cost-and-freight (C&F) basis, industry sources who track the fuel said on Thursday. This has pushed its total purchases for cargoes scheduled for a seven-month delivery period over March to September to at least 110,000 tonnes.

  • Reuters

    HPCL buys over 120,000 T gasoline for Sept-Oct delivery, seeks more

    India's Hindustan Petroleum Corp Ltd is seeking more gasoline after having purchased more than 120,000 tonnes of the fuel for September to early October delivery from the spot market to plug a supply gap, industry sources said on Tuesday. The state-owned refiner has been actively seeking gasoline from the spot market this year as Indian refiners undergo maintenance and upgradation to produce cleaner fuels. HPCL recently bought the cargoes for September to early October arrival at Visakhapatnam (Vizag) and Mundra from BP, Emirates National Oil Co and Trafigura, but the premiums were not immediately available.

  • Reuters

    HPCL plans to shut secondary some units at refineries in 2019/20

    India's state-run Hindustan Petroleum Corp plans to shut some secondary units at its Mumbai and Vizag refineries in the current fiscal year in order to be able sell Euro-VI compliant fuel from April, its chairman M. K. Surana said on Wednesday. HPCL also plans to shut a gasoline deslphuriser at its 150,000 bpd Mumbai refinery in the western state of Maharashtra for 15-20 days in December, he added. The refiner had shut a 70,000 bpd crude unit at the Mumbai refinery in April for 23 days, he said, adding the company has no further plans to shut crude units at its two refineries in 2019/20.

  • Reuters

    Only one Indian client of Iran takes up extra Saudi oil for June: sources

    Only one Indian buyer of Iranian oil has taken up Saudi Arabia's offer of additional oil to make up for the loss of supplies from Tehran due to U.S. sanctions, taking an extra 2 million barrels from the Kingdom for June shipment, industry sources said. Last month, Saudi Arabia approached Indian buyers offering them additional supplies to compensate for loss of Iranian oil after the United States threatened to sanction entities buying oil from Tehran, the sources said. The United States had imposed new sanctions on Iran in November last year, but gave a six-month waiver to eight countries, including India, which allowed them to import some Iranian oil.

  • Free Press Journal

    HPCL-MRPL merger: ONGC rules out share swap

    Hindustan Petroleum Corp Ltd's plans to acquire Mangalore Refinery and Petrochemicals Ltd (MRPL) has hit a cash hurdle, with parent ONGC preferring a cash deal rather than a share-swap, sources aware of the development said.

  • Reuters

    Bombay High Court overturns 2017 arbitration award to HPCL for $113 million

    An Indian court has set aside an arbitration award of more than 8 billion rupees ($113.19 million) owed to India's Hindustan Petroleum Corp Ltd by Malaysia’s M3nergy, according to a court document reviewed by Reuters. In 2017, state-run HPCL was awarded the amount after an arbitration board found that M3nergy had delayed the finalising of a consortium agreement which led to the termination of an exploration contract with India's Oil and Natural Gas Corp, the Economic Times newspaper reported at the time.

  • Reuters

    Hindustan Petroleum third-quarter profit dives 87 percent on higher expenses

    State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted an 87.3 percent slump in third-quarter profit, dented by higher expenses. Net profit came in at 2.48 billion rupees compared with a profit ...

  • Hindustan Petroleum recruitment (GATE): Applications open for engineers, package upto Rs 16.7 lakh
    The Indian Express

    Hindustan Petroleum recruitment (GATE): Applications open for engineers, package upto Rs 16.7 lakh

    Hindustan Petroleum recruitment 2019: Applications for the post of civil, mechanical and chemical engineer is open. Candidates need to apply at hindustanpetroleum.com before February 15, 2019.

  • HPCL Recruitment 2019: HPCL to recruit engineers through GATE 2019, check details here
    Financial Express

    HPCL Recruitment 2019: HPCL to recruit engineers through GATE 2019, check details here

    Hindustan Petroleum Corporation Limited (HPCL) has released notification for recruitment of Chemical, Mechanical and Civil Engineers through GATE 2019.

  • BPCL to buy Iranian oil in February after three-month gap: sources
    Reuters

    BPCL to buy Iranian oil in February after three-month gap: sources

    State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation's overall purchases from Tehran remaining at 9 million barrels, three ...

  • Reuters

    Hindustan Petroleum confirms Indian oil firms stop taking margin hit on fuel sales

    Indian state-owned fuel retailers have stopped absorbing a government-mandated cut of 1 rupee (0.014 U.S. cents) a liter in their marketing margins on the sale of petrol and diesel due to a steep fall in global oil prices, said M K Surana, chairman of one of the three companies, Hindustan Petroleum Corp Ltd. In October, India's finance ministry had cut its production tax on the two fuels by 1.50 rupees a litre and had asked state-owned fuel retailers to reduce their marketing margins by 1 rupee a litre to insulate consumers from a surge in global oil prices at the time. Reuters had earlier in the day reported sources saying that state-owned fuel retailers had stopped absorbing the 1 rupee margin hit.