Page 15 - Hpcl
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
 "HPCL doesn't see ONGC as promoter, to face real test in selecting directors")
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
 "Bombay High Court sets aside arbitration award of $113 mn to HPCL")
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
 "Oil town blues: How greed, polls and politics keep a village on the edge")
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
 "HPCL Q2 net profit down 37% at Rs 11 bn; merger with MRPL to happen in FY20")
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
 "$60 a barrel ideal oil price for India as it will bring investments: HPCL")
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 aims to buy US oil in next few months")
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 to invest Rs 61,000-cr by 2021 on expansion projects")
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
HPCL, Lakshmi Mittal to invest $3 bn to set up Bhatinda petrochem unit
This will be HPCL's first petrochemical plant in Northern India
HPCL tanks 5% on reports ONGC may acquire it in Rs 44,000 crore deal
BPCL also slipped nearly 3% to Rs 670, while ONGC was trading flat at Rs 194
 "HPCL tanks 5% on reports ONGC may acquire it in Rs 44,000 crore deal")
HPCL falls over 5% on profit booking post Q3 results
In past one month, the stock outperformed the market by surging 19% as compared to 4% rise in Sensex till Monday.
HPCL Q3 net up 53% at Rs 1,590 cr
Total income rises 15% to Rs 55,828 cr
HPCL posts a profit of Rs 701 crore in Q2
The company had suffered a net loss of Rs 317.13 crore in the corresponding period of last financial year
 "HPCL posts a profit of Rs 701 crore in Q2")
Nandini Parlours to be opened at HPCL fuel stations
KMF is involved in milk procurement, processing, manufacturing and marketing of the products