HINDPETRO.BO - Hindustan Petroleum Corporation Limited

BSE - BSE Real Time Price. Currency in INR
+0.65 (+0.29%)
As of 1:51PM IST. Market open.
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Previous close225.05
Bid225.50 x 0
Ask225.60 x 0
Day's range217.20 - 228.20
52-week range163.45 - 447.00
Avg. volume949,266
Market cap343.545B
Beta (3Y monthly)0.86
PE ratio (TTM)4.76
EPS (TTM)47.37
Earnings dateN/A
Forward dividend & yield5.00 (2.06%)
Ex-dividend date2018-06-28
1y target est391.44
  • Hindustan Petroleum to buy crude from Iran in January after 6-month gap, says report
    Firstpost3 days ago

    Hindustan Petroleum to buy crude from Iran in January after 6-month gap, says report

    The United States in early November granted India a six-month waiver from sanctions against Iran’s oil exports.

  • HPCL to buy Iranian oil in Jan after six-month gap: sources
    Reuters3 days ago

    HPCL to buy Iranian oil in Jan after six-month gap: sources

    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.

  • Reuters13 days ago

    Wave of refinery shutdowns may push India into importing fuel next year

    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.

  • Reuterslast month

    Hindustan Petroleum may buy Iranian oil if India secures sanctions waiver

    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.

  • Reuterslast month

    Hindustan Petroleum Corp second-quarter profit dives, misses estimate

    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 ...

  • IANS2 months ago

    Tata Power, HPCL ink MoU to set up EV charging stations

    New Delhi, Sep 27 (IANS) Tata Power on Thursday said it has signed an MoU with state-run oil marketer Hindustan Petroleum Corp (HPCL) for setting up electric vehicle (EV) charging stations at HPCL's retail ...

  • IANS4 months ago

    GE Power bags Rs 220-cr order for HPCL's Vizag refinery

    New Delhi, Aug 21 (IANS) US multinational GE Power on Tuesday said it has won a Rs 220-crore order to supply a gas turbine and generator for the proposed captive power plant at state-run Hindustan Petroleum Corporation (HPCL)'s refinery at Visakhapatnam in Andhra Pradesh. GE Power said in a statement here that the order for supply of a 6F.03 gas turbine and a generator was placed by state-run Bharat Heavy Electricals Ltd (BHEL) which is the principal contractor for the project.

  • Reuters4 months ago

    Hindustan Petroleum tops profit estimates

    India's Hindustan Petroleum Corp Ltd posted an 86 percent jump in first-quarter profit on Wednesday, beating analysts' expectations, driven by strong refining margins. The state-controlled company said ...

  • Reuters4 months ago

    Indian Oil sells naphtha from Paradip refinery for first time in more than a year

    Indian Oil Corp (IOC) sold a naphtha cargo from its Paradip refinery this week, four traders that participate in the market said on Friday, in what was likely the first sale since May 2017. IOC sold up to 30,000 tonnes of naphtha on late Thursday in two separate cargoes for second-half August loading from Paradip to a trading house at discounts of about $14 a tonne to its own price formula on a free-on-board (FOB) basis, the traders said. IOC this year stopped exporting naphtha from Paradip, which can process 300,000 barrels per day (bpd) of crude, as it was using the fuel as feedstock for gasoline production, said the traders, who closely track Indian cargoes.

  • Reuters4 months ago

    State refiners drive India's July Iran oil imports to a record: trade sources

    India's monthly oil imports from Iran surged by about 30 percent to a record 768,000 barrels per day (bpd) in July, as state refiners' intake surged ahead of U.S. sanctions in November, preliminary tanker arrival data obtained by Reuters showed. The shipments also include some parcels that were loaded in June and arrived in India last month, the data obtained from trade sources showed. State refiners that had cut imports from Iran in 2017/18 due to a dispute over development rights of a giant gas field, have tied up significantly higher volumes for this fiscal year that began in April, drawn to the discounts offered by Iran.

  • Reuters5 months ago

    Exclusive: HPCL cancels Iran oil shipment after insurer excludes coverage - sources

    India's Hindustan Petroleum Corp (HPCL) cancelled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of the matter said. HPCL, India's third-biggest state-owned refiner, renewed its installation insurance, which protects against any accidents at its refinery or storage sites, in early July. India is the second-biggest buyer of Iranian crude after China and without insurance coverage to protect their plants, the country's refineries may have to cut off their imports earlier than anticipated.

  • Reuters5 months ago

    Nifty, Sensex end higher; banks, oil companies lead

    Indian shares snapped two straight sessions of losses on Tuesday, helped by gains in financial stocks such as ICICI Bank Ltd and oil companies including Hindustan Petroleum Ltd. The broader NSE Nifty closed ...

  • Reuters6 months ago

    Sensex rises, posting fifth straight winning week

    Indian shares closed higher on Friday, marking their fifth straight winning week, led by gains in financials such as Housing Development Finance Corp Ltd. The broader NSE Nifty closed 0.75 percent higher ...

  • May Top Dividend Paying Stocks
    Simply Wall St.6 months ago

    May Top Dividend Paying Stocks

    Balmer Lawrie is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide both steadyRead More...

  • Reuters7 months ago

    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 ...

  • Reuters7 months ago

    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 ...

  • Bloomberg8 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 ...

  • Reuters9 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 ...

  • Reuters10 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 ...

  • Bloomberg10 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., ...

  • Reuters11 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.

  • Reuters11 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.

  • IANS11 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
    Bloomberg11 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.

  • Reuters11 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.