Hindustan Petroleum Corporation Ltd (HINDPETRO)

No Fresh Equity Infusion for HPCL from Government - 23 Jul, 2024

The government has dropped its plan to invest Rs 15,000 crore in state oil marketing companies, including Hindustan Petroleum Corporation Ltd (HPCL), due to their profitability. This news was followed by a 0.5% drop in HPCL's stock price after the Union Budget 2024 did not make any budgetary allocation for OMCs for FY25.

AGS Transact Technologies Launches PPI Platform with HPCL - 17 Jul, 2024

AGS Transact Technologies has launched a Prepaid Payment Instruments (PPI) platform in partnership with Hindustan Petroleum Corporation Limited. The mobile application is currently being piloted at select fuel stations in Mumbai.

Congress Claims Commitment to Set Up Oil Refinery in Andhra Pradesh - 12 Jul, 2024

The Congress party has claimed that the Manmohan Singh government had committed to setting up an oil refinery and petrochemical complex in Andhra Pradesh, as per the thirteenth schedule of the Andhra Pradesh Reorganisation Act. IOC/HPCL were supposed to examine the feasibility of the project within six months.

HPCL Market Cap Drops, Refiners Save on Crude Oil Purchases - 11 Jul, 2024

Hindustan Petroleum Corporation Ltd (HPCL) saw a decrease in market capitalization and decline in revenue YoY. Indian refiners saved billions in foreign exchange by purchasing discounted Russian crude oil. HPCL denied issuing notification for mandatory eKYC process for LPG customers.

Indian Oil Majors Negotiate Long-Term Crude Supply Contracts with Petrobras - 05 Jul, 2024

Hindustan Petroleum Corporation Ltd is among the Indian oil majors negotiating with Brazilian energy major Petroleo Brasileiro SA (Petrobras) to secure long-term crude oil supply contracts as part of India's strategy to diversify its energy sources.

Centre to Pay Rs 1500 Crore for LPG Subsidies - 04 Jul, 2024

The Centre has announced that it will pay Rs 1500 crore to Oil Marketing Companies (OMCs) for direct benefit transfer under the PAHAL Direct Benefit Transfer (DBT) Scheme, where oil companies such as Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Limited Corporation Limited (HPCL), or Bharat Petroleum Corporation Limited (BPCL) provide LPG cash subsidies directly to consumers.

Analyst Suggests Exiting HPCL Positions Above ₹400 - 02 Jul, 2024

HPCL shares have fallen 16% in the last one month and are trading 1.07% lower at ₹327.75 apiece on the NSE. Technical analyst Prakash Gaba recommends investors exit their positions when the stock reaches ₹400. HPCL recently issued a bonus share for every two equity shares held.

Oil Marketing Companies Reduce Price of Commercial LPG Cylinders - 01 Jul, 2024

Public sector oil marketing companies HPCL, BPCL, and IOC have reduced the retail price of 19-kilogram LPG refills intended for commercial use by approximately Rs 30 per cylinder. The rates for these 19-kilogram commercial LPG cylinders in New Delhi, Mumbai, Chennai, and Kolkata have been revised effective July 1.

HPCL Eyes Opportunity in Proposed Refinery, Fuel Prices Released Online - 28 Jun, 2024

Hindustan Petroleum Corporation is eyeing an opportunity in the proposed public sector mega-refinery project by Indian Oil Corp., Hindustan Petroleum Corp., and Bharat Petroleum Corp. in Maharashtra. Meanwhile, fuel prices are being released online by companies such as HPCL and Indian Oil Corporation.

HPCL Stock Receives Buy Call from Motilal Oswal - 25 Jun, 2024

Hindustan Petroleum Corporation Ltd receives a buy call from Motilal Oswal with a target price of Rs 400. The company reports an increase in consolidated total income for Q1 2024.