Page 8 - Hpcl
After 5 months, ONGC finally gets a director on Hindustan Petroleum board
After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a director appointed on the board of Hindustan Petroleum Corporation Ltd -- a firm it had acquired for Rs 36,915 crore
 "After 5 months, ONGC finally gets a director on Hindustan Petroleum board")
Around 2,000 Rajasthan petrol pumps go dry as companies restrict supply
According to petroleum dealers, BPCL and HPCL have restricted the fuel supply and are providing only 33 per cent oil of the total demand which is triggering the fuel crisis.
 "Around 2,000 Rajasthan petrol pumps go dry as companies restrict supply")
ONGC's nominee director appointment on HPCL board stuck in paperwork
For over five months now, Oil and Natural Gas Corporation (ONGC) has had no representative on the board of Hindustan Petroleum Corporation Ltd
 "ONGC's nominee director appointment on HPCL board stuck in paperwork")
Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum
According to the technical analyst from Anand Rathi, Elecon has confirmed a range breakout while HPCL seems to be testing support at its long-term trend line.
 "Here's why Mehul Kothari recommends buying Elecon, Hindustan Petroleum")
Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%
CLOSING BELL: Dr Reddy's Labs, JSW Steel, Nestle India, Tata Motors, Tata Steel, Cipla, Adani Ports, L&T, RIL, Axis Bank, and SBI led from the front, rallying over 3.5 per cent each
 "Sensex soars 1,534 pts; Nifty tops 16,250; Dr Reddy's surges 8%, RIL 6%")
HPCL Q4 net declines 40%, declares final dividend of Rs 14/share for FY22
HPCL CMD said the company earned $12.44 on turning every barrel of crude oil into fuel in Q4FY22 as against a gross refining margin GRM of $8.11 per barrel in the same quarter a year back
 "HPCL Q4 net declines 40%, declares final dividend of Rs 14/share for FY22")
Govt in talks with Russia over a deal to buy oil at discounted rates: HPCL
India, the world's third biggest oil importer and consumer, is struggling like much of the rest of the world with inflation at multi-year highs, and is keen to cut its import bill
 "Govt in talks with Russia over a deal to buy oil at discounted rates: HPCL")
OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4
As per media reports, the government is considering selling a 20-25 per cent stake in BPCL instead of its entire 53 per cent holding, previously under divestment process.
 "OMCs in focus; HPCL hits 52-week low, IOC slips 4% on disappointing Q4")
Pushp Kumar Joshi takes over as CMD of HPCL with effect from May 8
Pushp Kumar Joshi on Sunday took over as the new chairman and managing director of India's third largest oil refining and fuel marketing company Hindustan Petroleum Corporation Ltd (HPCL).
BPCL, HPCL walk away with city gas licenses in latest bid round
Seven companies had put in 21 bids for city gas licences in five areas in states like Uttar Pradesh and West Bengal
 "BPCL, HPCL walk away with city gas licenses in latest bid round")
IOC, BPCL, HPCL lost $2.25 bn in revenue due to fuel price freeze: Moody's
Petrol and diesel prices remained unchanged between Nov 4 and March 21 despite prices of crude oil averaging around $111 per barrel in the first 3 weeks of March compared to around $82 in early Nov
 "IOC, BPCL, HPCL lost $2.25 bn in revenue due to fuel price freeze: Moody's")
Markets are not fully pricing in fuel-led inflation yet, say analysts
Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel
 "Markets are not fully pricing in fuel-led inflation yet, say analysts")
Slipping on oil prices
Dual diesel rates will be distortionary
 "Slipping on oil prices")
After IOC, HPCL buys 2 mn bbl Russian crude, MRPL seeks 1 mn bbl
Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil. This has led to Russian crude being available in the market at deep discounts
Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports
Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.
 "Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports")
Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more
Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).
 "Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more")
Trading strategies for oil-related stocks as Brent crude tops $105 level
SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.
 "Trading strategies for oil-related stocks as Brent crude tops $105 level")
OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows
BPCL, HPCL, Indian Oil, Gujarat Gas, Petronet LNG, Indraprastha Gas and Mahanagar Gas are trading 2 per cent to 6 per cent lower on the BSE.
 "OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows")
India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts
RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems
 "India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts")
Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts
Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe
 "Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts")