Page 10 - Hpcl

Hindustan Petroleum Corp to fully start revamped Mumbai refinery by July

Hindustan Petroleum Corp.'s Mumbai refinery will start full scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M K Surana said on Thursday

Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks

Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains

Hindustan Petroleum Q4 net profit jumps to Rs 3,018 cr on inventory gains

Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported its March quarter net profit soaring many folds to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in January-March 2020. "Enhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favourable exchange rate variations," HPCL Chairman and Managing Director M K Surana told reporters. The company, which runs refineries at Mumbai and Visakhapatnam, earned USD 8.11 on turning every barrel of crude oil into fuel in January-March period. This is compared with a negative gross refining margin (GRM) of USD 1.23 per barrel. Inventory gains are booked when raw material (crude) prices rise by the time a company processes oil into fuel. Losses are booked when the reverse happens. Surana said the company had an inventory gain of Rs 4,608 crore in the fourth quarter of 2020-21 as compared

Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks

Indiabulls Housing Finance on Wednesday reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality

Nifty close below 14,416 would be bearish for short-term: Vinay Rajani

Below 14,416, Nifty could slide towards next support of 14,150

HPCL joins hands to boost world's largest Covid-19 vaccination drive

Hindustan Petroleum Corporation Ltd (HPCL) on Friday said it is aiding the world's largest COVID vaccination drive in India by providing equipment for cold storage and transportation of the vaccines

HPCL-Mittal first Indian company to buy Guyanese crude Liza: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast

Shuchi partners with HPCL to set up EV charging points across fuel pumps

Shuchi Anant Virya on Wednesday announced its partnership with Hindustan Petroleum Corporation Limited (HPCL)

Saudi oil hawkishness speeds Indian plan to seek alternatives

India would prefer an oil price in the $50 to $60 a barrel range, says HPCL chairman Mukesh Kumar Surana

HPCL's consolidated net profit doubles to Rs 2,373.71 crore in Q3

The public sector oil and gas company's consolidated total income increased to Rs 78,324.98 crore

Petrol price remains same for 6th day at Rs 83.06 a ltr, diesel at Rs 76.48

Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. In Chennai, petrol remained unchanged to sell at Rs 88.82

Three PSU stocks that Nilesh Jain of Anand Rathi is bullish on

The momentum indicators and oscillators have reached the oversold territory in IRCTC stock, and are showing signs of reversal

Trading recommendations by Nilesh Jain of Anand Rathi: Buy HPCL, UPL

The stock of HPCL has witnessed a built-up of long positions with the addition of 10 per cent open interest

L&T subsidiary wins biggest EPCC contract of over Rs 7,000 crore

The order, classified as large, has a size between Rs 2,500-5,000 crore, informed the company in its release

Start-up VoltUp partners with HPCL for battery swapping centres

Electric two and three wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres.

L&T Hydrocarbon is the lowest bidder for HPCL Rajasthan Refinery

L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has emerged as the lowest bidder for HPCL Rajasthan Refinery Ltd's two engineering, procurement, construction and commissioning (EPCC) packages, coming up at Barmer in Rajasthan, according to sources.

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Light at the end of the tunnel for domestic oil marketing companies

Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery

ONGC not taking part in share buyback, but will eventually gain: HPCL CMD

Shareholders can be rewarded by way of bonus and dividends or by giving them an option for buyback, says M K Surana

Here's a Bull Spread Strategy on HPCL by Nandish Shah of HDFC Securities

Short-term trend of Hindustan Petroleum Corporation Ltd's (HPCL's) stock has turned positive where it is trading above its 5 and 20-day EMA