|Bid||244.50 x 0|
|Ask||245.35 x 0|
|Day's range||240.00 - 249.30|
|52-week range||163.45 - 333.45|
|Beta (3Y monthly)||0.84|
|PE ratio (TTM)||6.71|
|Forward dividend & yield||18.80 (7.62%)|
|1y target est||391.44|
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.
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.
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.
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.
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 2019: Applications for the post of civil, mechanical and chemical engineer is open. Candidates need to apply at hindustanpetroleum.com before February 15, 2019.
Hindustan Petroleum Corporation Limited (HPCL) has released notification for recruitment of Chemical, Mechanical and Civil Engineers through GATE 2019.
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 ...
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.
The United States in early November granted India a six-month waiver from sanctions against Iran’s oil exports.
State-run Indian oil refiner Hindustan Petroleum Corp (HPCL.NS) will buy Iranian crude in January after a gap of six months, with the nation's overall purchases from Tehran at 9 million barrels in the month, four industry sources said. The United States in early November granted India a six-month waiver from sanctions against Iran's oil exports. Under the agreement, New Delhi must restrict its Iran oil purchases to 1.25 million tonnes, or 9 million barrels.
NEW DELHI/MUMBAI (Reuters) - A wave of shutdowns will hit Indian state-owned refineries next year as the country prepares for cleaner fuels from April 2020, company officials said, in moves that could temporarily dent oil demand and push up imports of refined fuels. India, the world's third-biggest oil importer and consumer, has surplus refining capacity and rarely imports gasoil and gasoline. It also means that demand for fuel produced by India's privately owned refiners will likely climb during the period, as state refiners seek to fill the gap.
State-run Indian refiner Hindustan Petroleum said it may resume buying Iranian oil if New Delhi secures a waiver from U.S. sanctions, its chairman M K Surana said on Thursday. India is Iran's top oil client after China and hopes to get a waiver on U.S. sanctions before they take effect on Sunday, after significantly reducing its oil imports from Iran.
State-owned refiner Hindustan Petroleum Corp Ltd posted a 37.1 percent fall in second-quarter profit on Thursday, dented by rising costs amid higher raw material and forex expenses. Net profit came in ...