HINDPETRO.BO - Hindustan Petroleum Corporation Limited

BSE - BSE Real Time Price. Currency in INR
307.70
-5.15 (-1.65%)
At close: 3:46PM IST
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Previous close312.85
Open312.15
Bid0.00 x 0
Ask0.00 x 0
Day's range306.50 - 314.95
52-week range272.30 - 493.00
Volume164,966
Avg. volume404,832
Market cap468.879B
Beta0.89
PE ratio (TTM)6.50
EPS (TTM)47.37
Earnings dateN/A
Forward dividend & yield5.00 (1.63%)
Ex-dividend date2018-06-28
1y target est400.19
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  • Reuterslast month

    HPCL fourth-quarter profit falls nearly 4 percent

    State-owned refiner Hindustan Petroleum Corp Ltd on Tuesday posted a nearly 4 percent fall in fourth-quarter net profit, hurt by higher expenses. Net profit was 17.48 billion rupees in the three months ...

  • Reuterslast month

    Sensex ends higher; IT stocks recover

    Indian shares ended higher on Wednesday, led by IT stocks such as Tata Consultancy Services Ltd, as the technology index recovered to close 0.55 percent higher after losing 4.3 percent over the previous ...

  • Bloomberg2 months ago

    India Asks Oil Retailers Not to Increase Fuel Prices

    India’s state-run oil retailers have been asked not to increase retail diesel and gasoline prices and absorb a part of the losses due to the recent recovery in global crude oil, people with knowledge of ...

  • Reuters3 months ago

    Sensex, Nifty rebound from two-day losing streak; banks recover

    Indian shares snapped a two-day losing streak on Monday as a recovery in financial stocks such as Yes Bank Ltd offset declines in IT stocks such as Wipro Ltd. Yes Bank led the gains on the NSE index, ending ...

  • Reuters4 months ago

    HPCL third-quarter profit rises 23 percent

    State-owned oil refiner Hindustan Petroleum Corp Ltd's profit rose 22.6 percent in the third quarter, beating estimates. Profit rose to 19.50 billion rupees , compared with 15.90 billion rupees a year ...

  • Bloomberg4 months ago

    ONGC Is Said to Plan $4.8 Billion Indian Oil, GAIL Stake Sale

    Oil & Natural Gas Corp. plans to sell its holding in two state-run energy companies within a year to repay debt it raised to fund the purchase of the Indian government’s stake in Hindustan Petroleum Corp., ...

  • Reuters5 months ago

    India sees scope for more integration among state energy companies

    India could see more integration among state oil companies, its oil minister said on Monday, following top producer ONGC's $5.8 billion deal last week to buy a majority stake in refiner Hindustan Petroleum Corp Ltd. India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility through integration of state-run oil firms.

  • Reuters5 months ago

    ONGC shares rise on deal to buy majority stake in HPCL

    Shares of Oil and Natural Gas Corp Ltd jumped as much as 6.3 percent on Monday after the explorer said it would buy a majority stake in refiner Hindustan Petroleum Corp Ltd for a smaller premium than expected. The gains, which took ONGC's shares to their highest in nearly one year, came after India's biggest explorer said on Saturday it would pay 369 billion rupees ($5.77 billion) for a 51.1 percent stake in HPCL from the government at 473.97 rupees per share. HPCL shares, however, fell as much as 4.3 percent as the premium paid was only about 14 percent higher than Friday's closing price, smaller than expected.

  • IANS5 months ago

    Various options available to fund HPCL deal: ONGC

    New Delhi, Jan 21 (IANS) Oil and gas explorer ONGC on Sunday said that various "options" including internal accruals and short-term borrowing are available to fund its acquisition of HPCL. "We have various options available with us to fund this deal," Shashi Shanker, Chairman and Managing Director of ONGC, told a press briefing here, a day after the central government entered into an agreement with the oil and gas explorer for strategic sale of its equity share-holding in HPCL. According to Shanker, acquisition of the Central government's 51 per cent stake in HPCL worth over Rs 36,900 crore can also be done through the combination of various options available with ONGC.

  • India’s Top Oil Explorer May Raise $5.48 Billion to Buy Hindustan Petroleum
    Bloomberg5 months ago

    India’s Top Oil Explorer May Raise $5.48 Billion to Buy Hindustan Petroleum

    India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum Corp.

  • Reuters5 months ago

    ONGC to buy majority stake in refiner HPCL for $5.78 billion

    India's biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp for 369 billion rupees ($5.78 billion), ONGC said on Saturday. It will pay a premium of about 14 percent on HPCL's current market price for the 51.1 percent stake, the company said in a statement to the stock exchange. The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.

  • IANS5 months ago

    ONGC to buy government's 51.11% stake in HPCL for Rs 36,915 cr

    New Delhi, Jan 20 (IANS) State-run Oil and Natural Gas Corporation Ltd (ONGC) will acquire the government's 51.11 per cent equity share-holding in Hindustan Petroleum Corporation Ltd (HPCL) at a consideration of Rs 36,915 crore. Through the single share sale, the Centre would be able to meet half of its disinvestment target of Rs 72,500 crore for 2017-18. "The Government of India has entered into an agreement with ONGC today (Saturday) for strategic sale of its 51.11 per cent equity share-holding in HPCL at a consideration of Rs 36,915 crore," a statement said.

  • Bloomberg5 months ago

    India Mulls Selling HPCL at Not More Than 9% Premium

    India is considering a plan to sell its ownership in Hindustan Petroleum Corp. to the nation’s biggest explorer at a premium of not more than 9 percent of the company’s six-month average share price as ...

  • Reuters5 months ago

    PM Modi launches $6.8 billion refinery in Rajasthan

    Indian Prime Minister Narendra Modi on Tuesday launched the construction of a $6.8 billion refinery in the western state of Rajasthan, hopeful to lift national capacity to meet the surge in fuel demand. The 180,000-barrel-per-day refinery and petrochemical project in the state bordering Pakistan is being built by the country's third-biggest state refiner Hindustan Petroleum Corp Ltd (HPCL) in a tie-up with the state government. The foundation stone for the project was first laid in September 2013 by the then ruling Congress Party chief Sonia Gandhi.

  • IANS6 months ago

    Sales boost OMCs' stock outlook, margins more important: Jefferies

    New Delhi, Dec 12 (IANS) Higher sales remain a tailwind for Indian state-run oil marketing companies (OMCs), US investment banker Jefferies' Indian arm said on Tuesday, reaffirming its 'Buy' rating on ...

  • IANS6 months ago

    L&T Hydrocarbon Engineering bags order worth Rs 1,600 cr

    New Delhi, Dec 7 (IANS) L&T Hydrocarbon Engineering Ltd (LTHE) on Thursday said it has bagged an order worth over Rs 1,600 crore from Hindustan Petroleum Corp Ltd (HPCL), Visakhapatnam Refinery. According ...

  • Reuters7 months ago

    State oil firms betting on natural gas as next big thing

    MUMBAI/NEW DELHI (Reuters) - India's state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi's goal of making the fuel a bigger part of the country's energy mix. State-owned oil companies - Indian Oil, Bharat Petroleum and Hindustan Petroleum - are planning to raise gas contributions to between 5 and 15 percent of their incomes over the next few years, up from nearly none now, company executives said. This in line with a government target to raise the natural gas portion of India's primary energy mix to 15 percent by 2030, up from 6.5 percent now, to help meet climate targets and rein in rampant pollution.

  • Reuters7 months ago

    Hindustan Petroleum second-quarter profit more than doubles, but misses estimates

    State-owned oil refiner Hindustan Petroleum Corp Ltd's second-quarter net profit more than doubled, but fell short of analysts' estimates. Net profit for the three months ending Sept. 30 soared to 17.35 ...

  • Reuters8 months ago

    HMEL may halt naphtha exports from 2021/22

    HPCL-Mittal Energy Ltd (HMEL), part-owned by steel tycoon L N Mittal, may halt naphtha exports from the 2021-22 fiscal year when it starts its $3.1 billion cracker, the chairman of Hindustan Petroleum Corp said. Like other Indian refiners, HMEL is also building a petrochemical complex linked to its refinery to cater for an expected surge in demand for goods ranging from plastics to paints and adhesives. The cracker will have an annual capacity of 1.2 million tonnes with a provision to raise it to 1.5 million tonnes, M. K. Surana told Reuters.

  • IANS8 months ago

    Airtel, HPCL join hands for digital payments in Telangana, Andhra

    Hyderabad, Oct 16 (IANS) Customers of Airtel Payments Bank can now make digital payments for fuel purchase at 1,500 HPCL fuel stations across Andhra Pradesh and Telangana. The announcement was made during the inauguration of an HPCL fuel station as banking point in the Manikonda HPCL fuel station in Hyderabad on Monday.

  • Oil Refiners in India Are Giving a Boost to Natural Gas
    Bloomberg9 months ago

    Oil Refiners in India Are Giving a Boost to Natural Gas

    A push to use more natural gas by the world’s fastest-growing oil guzzler is getting a boost from an unlikely source: the nation’s gasoline and diesel makers.

  • Reuters9 months ago

    HPCL makes its first U.S. oil purchase: chairman

    Indian state refiner Hindustan Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crude Mars in a tender, company chairman M. K. Surana said on Monday. Earlier Indian Oil Corp ...

  • IANS9 months ago

    OMC stocks tank over reports of proposed curbs on fuel pricing

    Mumbai, Sep 13 (IANS) Stocks of three state-owned oil marketing companies (OMCs) tanked by as much as six per cent on Wednesday following reports that the government was mulling placing curbs on their ...

  • Reuters10 months ago

    India's refiners bet big on petrochemicals as industry reshapes

    India's state oil refiners - long focused on churning out transport and cooking fuels - are planning a $35 billion push into petrochemicals to meet an expected surge in demand for goods ranging from plastics to paints and adhesives. The drive comes as the government seeks to promote durable, cheaper materials in industries such as farming and food packaging, while refiners eye long-term threats to their business from renewable energy and a shift to electric vehicles. India's per capita consumption of synthetic polymers, for instance, used to make various grades of plastics, is just 10 kg (22 lbs) a year, compared with a global average of about 32 kg.