HPCL

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

HPCL's Q2 net profit fell 9% to ₹3,483 crore as higher crude oil prices and tax expenses squeezed margins, despite a 26.2% rise in product sales to ₹1.39 trillion.

Q2FY27 company results: Firms including Adani Total Gas, Colgate Palmolive (India), Chennai Petroleum Corporation, Jindal Stainless, and Cyient are also to release their July-September earnings today

The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised

Oil prices climbed sharply on Thursday due to rising attacks on vessels in the West Asia and hurricane-related production shutdowns in the US, reviving fears of severe supply disruptions.

Oil at $100: OMC stocks have already been punished significantly, and therefore investors are not reacting in panic after such a major fall, believe analysts.

Nomura maintains its bearish medium-to-long-term outlook on crude oil, citing the potential for the largest-ever global oil surplus in 2027E based on IEA forecasts.

Indian Oil, BPCL, and HPCL are negotiating US term contracts as India seeks to diversify LPG supplies and narrow its trade surplus with Washington

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

Elevated crude prices against the backdrop of the West Asia crisis remained the key factor that roiled the OMCs' Q1 earnings performance.

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

Q1FY27 company results: Firms including IndusInd Bank, Dr Reddy's Laboratories, JSW Energy, NTPC Green Energy, Hindustan Petroleum Corporation are also set to announce their Q1 results today

Swiggy Instamart and Hindustan Petroleum Corporation Limited (HPCL) have partnered to launch India's first on-demand LPG cylinder delivery service through a quick-commerce platform.

Bengaluru consumers can order HPCL's 10 kg HP Navya composite cylinder and 5 kg metal cylinder on Instamart without needing an existing domestic LPG connection

The service does not require customers to have an existing domestic LPG connection. First-time orders will be treated as new cylinder purchases, while subsequent orders will be processed as refill

Nomura said that elevated crude oil prices are negative for OMCs' marketing margins and CGDs' input costs, while positive for upstream realisations in the near term.

At last check, Brent crude was up 4.09 per cent at $79.12 a barrel, while US West Texas Intermediate (WTI) crude rose 4.10 per cent to $74.33 a barrel.

Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.

Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.

Every time India has faced a major crisis - whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies - it has been the country's state-run oil companies that have quietly kept fuel flowing. For decades, India's public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids. Yet every national emergency has reinforced why governments have been reluctant to loosen their grip on companies that control the country's energy lifeline, analysts and industry officials said. When unprecedented floods submerged Chennai in