Hindustan Petroleum Corp

India's HPCL says booking tankers for Hormuz still complicated

HPCL Chairman Vikas Kaushal said vessel availability and shipowners' last-minute withdrawal from voyages were making it difficult to secure crude cargoes from inside the Persian Gulf

HPCL refinances ₹50,000 cr Rajasthan refinery debt, eyes ₹1,000 cr savings

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 Q4 results: Net profit jumps 78% to ₹6,065 crore on strong GRMs

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

₹1.5 trn hit to exchequer as govt cuts petrol, diesel excise: Deven Choksey

Deven Choksey believes the excise cut may bring some respite to OMCs amid high energy prices, while create a ₹1.5 trillion dent to the exchequer per year.

Fuel retailers seek advance payments as losses mount on price surge

Indian refiners, hit hard by a declining rupee, are facing revenue losses from retail sales as cracks for gasoline and gasoil surged to multi-year ‌highs

HPCL bets big on renewables and biofuels to meet 2040 net-zero target

HPCL's capex spending includes 15% for gas projects, 8% for renewables, 4 per cent for biofuels, 3% for electric vehicle (EV) or alternate fuels and 6% for net zero projects

OMC stocks crack on US sanctions fears; BPCL falls 4%, HPCL 5%

The US President Donald Trump approved a bipartisan Bill titled the 'Sanctioning of Russia Act 2025', according to US Senator Lindsey Graham

RIL, MRPL, OMCs set for fresh rally, may surge up to 27%: YES Securities

Analysts at YES Securities have recommended a 'BUY' rating on Chennai Petro, MRPL, BPCL and Reliance Industries on the back of upbeat prospects for these oil refining companies.

Govt refiners eye smaller oil suppliers after US sanctions Rosneft, Lukoil

India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray

HPCL explores alternative crude sources amid Russian price, sanction risk

Trump has decided to impose an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations

HPCL to invest $231 million to build 24 compressed biogas plants in India

Since April, India has mandated mixing gas used to run automobiles and cooking gas with 1 per cent of CBG

India's state oil refiners may order tankers worth $600 mn for domestic use

Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers

HMEL crosses record 2 million tonnes polymer sales mark during FY25

HPCL-Mittal Energy Ltd (HMEL), India's major oil refining and petrochemical company, achieved a record 2 million tonnes of polymer sales in the fiscal ended March 2025, surpassing expectations and reinforcing its position as an industry trailblazer. "This accomplishment is the result of HMEL's unwavering commitment to understanding customer needs and providing tailored solutions for niche applications across various polymer segments," the firm said in a statement. HMEL has undertaken a massive USD 3 billion expansion of petrochemical capacity, increasing its polypropylene capacity to 1 million tonnes a year, and adding a polyethylene capacity of 1.2 million tonnes per annum, catering to the major application segments. 2024-25 was the first full year of operations of the new plant featuring pioneering technologies from world-class licensors. HMEL is a joint venture between state-owned Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Pte Ltd, Singapore - pa

OMCs, paint, aviation stocks gain as Brent crude oil slips below $70/bbl

At close, Hindustan Petroleum Corporation (HPCL) was up 3.66 per cent, Bharat Petroleum Corporation (BPCL) was up 3.6 per cent and Indian Oil Corporation (IOC) was up 2.4 per cent

HPCL signs agreement for sourcing LNG for NTPC, says Chairman Narang

HPCL owns a 5 million tonnes per year LNG import terminal at Chhara in western India. Under the pact, NTPC will either book capacities at the terminal or hire LNG tankers there

HPCL plans to raise Vizag oil refinery capacity by 20% to meet fuel demand

India is raising its crude processing capacity as the world's third-largest oil importer and consumer wants to be a major global refining hub while its fuel demand is expected to continue growing

Govt-owned oil refiners struggle to get adequate crude supplies from Russia

Oil executives from three of the nation's government-owned processors said they haven't been able to obtain enough Russian crude for January loading in the so-called spot market

Indian oil giants, Brazil's Petrobras in talks for long-term crude supply

Indian Oil, Hindustan Petroleum, and Bharat Petroleum are negotiating with Brazilian energy major Petrobras to secure long-term crude oil supply contracts to diversify its energy sources

Indian refiners may need a rethink amid shrinking Russian crude discounts

Even after reduction, discounts on Russian crude oil may be contributing $1.5 to $2.5 a barrel to refiners' gross refining margins

ISPRL signs deal with Hindustan Petroleum to lease 300,000 MT space

State-run ISPRL has been selling from the caverns to local refiners after a change in the government rules in 2021