Page 14 - Hpcl

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

HPCL refuses to recognise ONGC as promoter, 18 months after merger

Since acquiring a majority stake in HPCL, ONGC has only been able to appoint one director to that firm's board

Govt recognises ONGC as HPCL's promoter after 15-month impasse

In regulatory filings for five consecutive quarters, HPCL listed 'President of India' as its promoter with 'zero' per cent shareholding

HPCL Q4 net profit jumps 70% to Rs 2,970 crore on inventory gains

Turnover rose to Rs 72,840 crore in January-March from Rs 66,351 crore a year back

HPCL doesn't see ONGC as promoter, to face real test in selecting directors

ONGC bought govt's entire 51.11% stake in HPCL for Rs 36,915 crore. HPCL thereafter became its subsidiary but HPCL management has continuously refused to recognise ONGC as its promoter

Bombay High Court sets aside arbitration award of $113 mn to HPCL

In 2017, HPCL was awarded the amount after an arbitration board found that Malaysia's M3nergy had delayed the finalising of a consortium agreement

Oil town blues: How greed, polls and politics keep a village on the edge

Sonia Gandhi's 2013 announcement for a multi-billion dollar refinery caused a money stampede, but Modi's 2018 promise has made villagers of Pachpadra suspicious

HPCL Q2 net profit down 37% at Rs 11 bn; merger with MRPL to happen in FY20

The company has decided to shut down all its refineries for a short duration to upgrade to BS-VI fuel norms

EIL wins Rs 50 bn project from HPCL Rajasthan Refinery

State-owned Engineers India Ltd Saturday said it bagged Rs 5,000 crore project execution order from HPCL Rajasthan Refinery Limited (HRRL). Prime Minister Narendra Modi earlier this year laid the foundation stone for the 9-million tonne or 1.8 lakh bpd greenfield refinery at Pachpadra village in Barmer district of Rajasthan being set up in a 75:25 joint venture with the state administration. "HPCL Rajasthan Refinery Limited (HRRL) has entrusted the project for execution of Rajasthan Refinery Project to EIL. The company execute this project under two separate contracts, namely PMC Services for Execution of RRP and Execution of Residual Utilities & Offsite for RRP on Open Book Estimate (OBE) basis, EIL said in a regulatory filing on stock exchanges. The total awarded order value is more than Rs 5,000 crore with a total project schedule of mechanical completion by October 2022, it said.

Hindustan Petroleum Corp enters into a long-term agreement with HMEL

HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda

$60 a barrel ideal oil price for India as it will bring investments: HPCL

The decision by Opec came after major consumers like the United States, China and India urged the oil producing lobby to raise the supply of crude oil to avert an oil deficit

HPCL assets valued at over 70% of its m-cap

The higher valuation of HPCL's assets by JM Financial, if accepted by the government, would mean a higher outgo for ONGC

HPCL seeks shareholder approval to raise Rs 6,000 cr via bonds

Company to conduct its annual general meeting on Sept 15

HPCL aims to buy US oil in next few months

India is the latest Asian country to buy US crude, following South Korea, Japan, China

HPCL to invest Rs 61,000-cr by 2021 on expansion projects

The investment plans are irrespective of the proposal by ONGC to buy out govt's 51.11% stake in HPCL

HPCL rallies over 10% in two days after merger buzz with ONGC

The stock rallied 6% to Rs 382 in intra-day trade, extending its Wednesday's 5% gain on BSE.

HPCL gets environment clearance for Rs 230-cr pipeline expansion project

Existing capacity 4.71 mtpa, company proposed to enhance up to 8 mtpa for transportation of petroleum products

HPCL calls for emergency board meet to clear Barmer's new fiscal package

Project is expected to bring in an investment of Rs 70,000-80,000 crore in Barmer, says experts