Page 13 - Hpcl

HPCL takes to LPG auto-booking of cylinders to fuel refill demand

Distributors say consumers reluctant to accept cylinders not booked by them

BPCL privatisation: Govt has no business to be in business, says Pradhan

Currently, 95 per cent of retail petrol and diesel sales and near 100 per cent of cooking gas (LPG) and kerosene sales are controlled by the public sector units.

BPCL stake sale: Deloitte quotes Re 1 as its disinvestment advisory fee

The government has set a 50-day timeline for asset valuation to happen in BPCL, as it wants to complete the process before March 31, 2020

Oil firms need 40% more ethanol than sugar mills' installed capacity

The gap is expected to be met by non-sugarcane sources like wheat and corn

Essar Steel, Adani, GAIL, HPCL buy bulk of gas from Reliance' newer fields

Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at an indicative price of $5.04 - 5.16 per unit, industry so

Stock tips from Devang Shah of Sharekhan; Buy HPCL, IFCI, RCom

Here is a list of top three trading ideas and strategies from Devang Shah of Sharekhan for the coming week

BPCL, HPCL slip up to 5% as Cabinet relaxes fuel retailing norms

With this, new players in the fuel-marketing space like Total, Adani, and Saudi Aramco -- and even super markets -- can open outlets for selling automobile fuel.

Govt accords 'Maharatna' status to Hindustan Petroleum, Power Grid Corp

The grant of Maharatna status to the PSUs will impart enhanced powers to their Boards to take financial decisions.

Fuel prices are expected to come down in the coming cycle: HPCL Chairman

Supply side worries, which came all of a sudden, have subsided.

Privatisation could result in more gains for Bharat Petroleum's investors

New asset-based valuation method indicates strong upside for OMCs

3 injured in fire at UP HPCL plant; people in nearby areas asked to vacate

Fire tenders have been rushed from nearby police station areas to douse the flames

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

If it goes through, an IOCL-BPCL merger will be the third mammoth amalgamation of state-owned companies, excluding banks, in three years

OMCs bounce back to sweet spot as crude oil prices slip, GRMs improve

Declining crude oil prices, improving GRMs, and firm marketing margins make them attractive after sharp correction

HPCL buys 120,000 tonnes petrol for Sept-Oct delivery; still seeking more

HPCL's latest tender is for 30,000 tonnes of petrol scheduled for Oct. 5-8 arrival at Vizag and offers are to be submitted by Aug. 28

HPCL to invest Rs 74,000 crore in next five years to expand capacity

The Navaratna company plans to invest around Rs 14,900 crore in the current fiscal, chairman Mukesh Kumar Surana told shareholders

ONGC adopts Energy Strategy 2040; targets doubling of oil, gas production

State-owned Oil and Natural Gas Corp (ONGC) has set a target to double oil and gas output from its domestic and overseas fields and expand its refining capacity three-fold alongside diversification into renewables in a new vision document for 2040, its Chairman Shashi Shanker said. ONGC Energy Strategy 2040 envisions the company as "A diversified energy company with a strong contribution from non E&P business; 3x revenues and about 5-6x market capitalisation," he said. The firm produced 24.23 million tonnes of crude oil in the 2018-19 fiscal year and 25.81 billion cubic metres (bcm) of natural gas from its domestic fields. Another 10.1 million tonnes of oil and 4.736 bcm of gas were produced from its overseas assets. It had a turnover of Rs 109,654 crore and a net profit of Rs 26,715 crore in the year ended March 31, 2019. As on August 16, it had a market capitalisation of Rs 164,458 crore. In the company's latest annual report, Shanker said the ONGC board recently approved the ...

HPCL plans to rectify shareholding pattern, accepts ONGC as a promoter

Sebi asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018

HPCL to shut some secondary units at refineries to upgrade for Euro-VI fuel

HPCL also plans to shut a gasoline deslphuriser at its 150,000 bpd Mumbai refinery in the western state of Maharashtra for 15-20 days in December

India considers cutting west coast refinery capacity as demand falls

Also, the unit will now be set up in Raigad district as land acquisition at a previous site in Ratnagiri district was stalled due to farmer protests

Tata Motors, Tata Power to install 300 charging stations in five cities

Over the next two months, they plan to install 45 more chargers across other four cities