Hindustan Petroleum Corporation

Hindustan Petroleum Corp. (HPCL) has refinanced about Rs 50,000 crore of debt at its Rajasthan refinery, securing a reduction of around 105 basis points in borrowing costs and targeting annual interest savings of about Rs 1,000 crore through a broader restructuring of the project's finances, Chairman and Managing Director Vikas Kaushal said on Friday. The refinancing, effective October 3, is expected to save the company about Rs 470 crore to Rs 550 crore annually, Kaushal told analysts on an earnings call. Additional equity infusions, conversion of subordinated loans into equity and interest-free state support are expected to further ease the refinery's financing burden as HPCL ramps up operations at the facility. The 9 million tonnes a year refinery in Rajasthan was built at a cost of Rs 79,459 crore, with HPCL (74 per cent) and Government of Rajasthan (26 per cent) as equity partners. HPCL Rajasthan Refinery Limited (HRRL), the joint venture company, part refinanced existing proj

The contract covers new hydrocracker and solvent deasphalting units at HPCL's Mumbai refinery, aimed at boosting lube oil base stock output and upgrading heavier petroleum streams.

The state-run refiner has purchased Nigerian Forcados and Bonga crude for its Vizag refinery, according to trade sources

Hitesh Tailor, technical research analyst at Choice Broking highlights that HPCL, BPCL and Gail India have bounced back after taking support around their respective 200-week EMAs.

Rajesh Bhosale, technical analyst at Angel One highlights that BPCL and IOC have consistently faced resistance around their respective 50-day EMAs on the charts in recent past.

Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices

Hindustan Petroleum reported a consolidated net profit of ₹6,065.26 crore, up 77 per cent from ₹3,415 crore in the year-ago period

State-run oil marketing company reports higher refining margins and recommends a final dividend of Rs 19.25 per equity share for FY26

Market analysts attributed the sharp spike in crude oil prices to supply disruptions amid concerns that output from key West Asia producing regions may remain constrained for longer

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent

HPCL hopes to start crude processing at its 180,000 bpd Barmer refinery in Rajasthan by the end of January, making it India's 2nd -largest state-run refiner, behind Indian ‌Oil Corp

HPCL has retreated sharply from its all-time high, and also underperformed its peers BPCL and IOC in the month of January thus far. Tech chart shows the stock is trading at the 200-DMA on Friday.

Q3FY26 company results: Firms including Bank of India, Jindal Stainless, PNB Housing Finance, and Tata Communications are also to release their October-December earnings reports today

Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y

JM Financial said Brent crude is likely to remain subdued at around $65 per barrel in the near term, at least until the US mid-term elections in November 2026

From Thursday, vehicles without a valid PUC certificate will not get fuel at petrol pumps in Delhi, as the government steps up action to curb pollution amid worsening air quality

Despite the near-term volatility, HPCL's valuations remain reasonable, the brokerage noted. The stock trades at 1.4x one-year forward price-to-book, slightly above its long-term average of 1.2x.

Antique Stock Broking reiterated 'Buy' on Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp, with HPCL as the top pick