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Hindustan Petroleum Corporation Ltd.(HPCL) Related news
BPCL, HPCL, IOC shares surge on lower-than-expected cut in diesel prices, short coverings
Posted on 16th December 2015
Shares of domestic oil marketing companies surged over 3 per cent on Wednesday on account of lower-than-expected cut in petrol and diesel prices.

At 10.14 am, shares of Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) were trading 2.55 per cent, 3.21 per cent and 2.82 per cent up at Rs 911, Rs 431 and Rs 833.45, respectively.


HPCL, IOC, APSEZ to benefit most from rupee fall: Fitch
Posted on 16th November 2015
HPCL, IOC and Adani Ports and Special Economic Zone (APSEZ) will benefit the most from the rupee’s depreciation as their dollar earnings are sufficient to more than offset the negatives of higher debt and capex in dollar terms, says a Fitch Ratings’ report.

However, Power Grid Corporation of India, NTPC, Bharti Airtel and Lodha Developers Pvt Ltd tick all three negative boxes of minimal earnings in dollars, dollar-denominated debt and dollar-denominated capex, Fitch said.


Oil & gas shares under pressure; HPCL plunges 8%
Posted on 10th November 2015
Shares of refinery companies are under pressure with the S&P BSE Oil & Gas index falling nearly 4% in late noon trades.

Hindustan Petroleum Corporation Limited (HPCL), Oil & Natural Gas Corporation (ONGC) and Cairn India have plunged more than 5% each, while Indian Oil Corporation (IOC), Reliance Industries and Bharat Petroleum Corporation (BPCL) down 3%-4% on the BSE.


HPCL unit said to plan spending $300 million on overseas assets
Posted on 18th September 2015
Mumbai: Hindustan Petroleum Corp, India’s third-largest state-owned refiner, plans to spend as much as $300 million for a stake in an active oil and gas field through a unit, a company official said.

The unit, Prize Petroleum Co., which focuses on the upstream oil business, is considering a minority stake in Russian or Nigerian assets, said the official, who asked not to be identified because the information is confidential.


HPCL posts record profit in FY-2015, highest since 1974
Posted on 24th August 2015
State-run Hindustan Petroleum Corporation Limited has registered its best ever performance since its formation in 1974 with profit of Rs 2733 crore for the financial year 2014-15.

The new profit also beats by a mile the company’s decade-high profit of Rs 1,734 crore last fiscal, said chairman and managing director Nishi Vasudeva. During FY2014-15, HPCL registered gross sales of Rs 2,17,061 crore, while earnings per share rose to Rs 80.72 and market capitalisation increased by Rs 11,500 crore.


Oil refiners’ stocks slump on GRM worries, inventory gains may come off
Posted on 12th August 2015
At 11.15 am, shares of Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd were trading 4.82 per cent, 5.09 per cent and 6.61 per cent lower at Rs 398.10, Rs 878.65 and Rs 890, respectively. The BSE Sensex was trading 116 points lower at 27,750.

According to Reuters, April-June results were influenced by inventory gains but a 23 per cent slump in benchmark Brent QTD means less likelihood of such gains in September quarter.


Indian crude oil at four-month low to cut govt subsidy burden
Posted on 28th July 2015
The Indian basket of crude oil price has plummeted to $54.41 per barrel, its lowest in four months, on the back of multiple factors, including a contraction in the manufacturing sector in China, the world’s second-largest consumer of crude after the US. A stronger US dollar has also made non-US investors to sell commodities, pressuring prices already impacted by the global oversupply concerns from the just-concluded Iranian nuclear deal.

The Indian basket represents the average price of Oman and Dubai sour grade crude and the sweet Brent crude oil processed in Indian refineries in the ratio of 72:28. It stood at $54.41 per barrel on the last trading day of July 24, falling from a peak of $66.54 per barrel on May 6, and the lowest since April 2 price of $54.77 per barrel.


Downgrade HPCL to reduce; prefer upstream PSU companies: ICICI Securities
Posted on 11th July 2015
HPCL has been the primary gainer of recent macro trends such as: a) low oil prices, b) successful implementation of direct benefit transfer (DBT) for LPG, c) higher than long-term average marketing margins in diesel and petrol after deregulation and d) robust GRMs. The company’s high leverage to marketing business makes it the primary gainer of these trends among all OMCs.

HPCL to raise Rs 1,260 cr for capex
Posted on 3rd July 2015
State-run refiner Hindustan Petroleum Corporation is planning to raise $200 million (Rs 1,260 crore) by this August, which would be used for its expansion, a company official and a banker confirmed.

“The funds would be used for our ongoing capital expenditure programme. We would also be using the funds to finance our ongoing four pipeline projects,” said the HPCL official.


BPCL, HPCL, Indian Oil hit 52-week highs on growth prospects
Posted on 2nd July 2015
Shares of state-owned oil marketing companies (OMCs) are on a roll with the three listed companies – Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOC) trading at their respective 52-week highs on expectations of higher earnings growth going ahead.

IOC has rallied nearly 6% to Rs 413, while HPCL has surged 4% to Rs 771 and BPCL has gained 2% at Rs 907 on the Bombay Stock Exchange (BSE). BPCL and HPCL are quoting at their record highs on the BSE.


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