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.
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
Marketing margins to support earnings, while refining outlook can improve with vaccine launches driving global economic recovery
Shareholders can be rewarded by way of bonus and dividends or by giving them an option for buyback, says M K Surana
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
All that happened in the markets today
HPCL yesterday reported a twofold jump in its Q2 net profit at Rs 2,477 crore
The attractiveness of the buyback will be determined when the quantum and price of buyback is announced
Short term trend of HPCL stock has turned positive where it is trading above its 5 and 20-day EMA
Coupon rate will be 4.79 per cent per annum for the debt instruments which will mature on October 23, 2023
ONGC is likely to look at merging its two oil refining subsidiaries, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals, post-June 2021, its chairman Shashi Shanker said
All that happened in the markets today
The combined gross refining margin (GRM) during the April-June period saw a negative of $0.04 a barrel, compared to $0.75 a barrel in the corresponding period of last year
The rise in PBT was mainly owing to inventory gains and higher capacity utilisation in refineries
Consolidated profit of Rs 2,252.65 crore, or Rs 14.78 per share, was 156.7 per cent higher than Rs 877.48 crore, or Rs 5.76 a share, earning in the same period a year back
The net profit surged despite sales falling to Rs 45,945.48 crore in first quarter of 2020-21 from Rs 74,595.64 crore a year ago
The second of the two-part series talks about why zonal pricing may be on the way out
Even though it was better than what analysts had expected, it still paints a bleak picture.
Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.
At 11.8 million tonnes of consumption, fuel demand in June was 88 per cent of 13.4 million tonnes consumption in June 2019.