Page 9 - Hpcl

HPCL's Q2 net drops 35% to Rs 1,919 cr, GRM halves to $2.44 a barrel

The GRM was impacted by the higher fuel and loss component in view of shutdown, restarting and stabilisation activities at both HPCL refineries

Ethanol blending with petrol seen at 8.3% in 2020-21 across states, UTs

Ethanol blending with petrol has been achieved in all the states and UTs, and is likely to touch around 8.3 per cent in the 2020-21 marketing year ending November, according to a senior official of state-owned HPCL. Ethanol blending with petrol stood at 5 per cent in 2019-20. Addressing a webinar organised by Indian Sugar Mills Association (ISMA), HPCL ED C Sridhar Goud highlighted that blending is expected to jump to around 8.2-8.3 per cent in current ethanol supply year (December to November), from an average ethanol blending of 5 per cent in the last two years. He highlighted that the Ethanol Blending Programme (EBP) has reached the entire country. "Sikkim was the last state. Four days ago, we reached Sikkim as well. Ethanol blending is taking place in all states," Goud said. "Achieved Ethanol blending in all the States & UTs in current ESY 20-21," he said in the presentation. Goud expressed confidence that the blending level of 10 per cent would be achieved in the 2021-22 ...

India begins selling crude oil from strategic reserves in monetisation push

This is being done to make space for HPCL and Mangalore Refinery and Petrochemicals, which will be leasing space in the ISPRL caverns for commercial use

Sensex adds 123 pts, Nifty tad below 16,300; Bharti Airtel jumps 4%, ITC 3%

The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent

Two stock recommendations from Osho Krishan of Anand Rathi: Buy PNB, HPCL

Hindustan Petroleum has seen a strong closing in the last trading session and is currently hovering between its short and medium exponential moving averages on the daily chart

BPCL, HPCL: Is it time to look at OMC stocks amid crude oil drop?

A breakout above Rs 2,160 may result in a sharp upside towards Rs 2,250 and Rs 2300 levels in Reliance Industries' stock

Tata Power ties up with HPCL to provide end-to-end EV charging stations

Tata Power has joined hands with Hindustan Petroleum Corporation Ltd to provide end-to-end electric vehicle charging stations at the latter's retail outlets at multiple cities and major highways

HPCL Aviation wing commissions fuel station at Assam's Rupsi Airport

Hindustan Petroleum Corporation Ltd (HPCL) Aviation wing has commissioned its aviation fuel station at Rupsi Airport in Assam's Kokrajhar district

Hindustan Paper Corp liquidator urged to disclose valuation of oil reserves

There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly in a lease rent agreement with ONGC

Fire breaks out at HPCL plant in Visakhapatnam, no casualties reported

Fire occurred in the overhead system of one of the distillation units, says the oil refiner

HPCL rallies 8%, hits 52-week high on strong March quarter results

The company announced final dividend of Rs 22.75 per share, and it also completed its share buyback program on April 20, 2021

Hindustan Petroleum Corp to fully start revamped Mumbai refinery by July

Hindustan Petroleum Corp.'s Mumbai refinery will start full scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M K Surana said on Thursday

Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks

Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains

Hindustan Petroleum Q4 net profit jumps to Rs 3,018 cr on inventory gains

Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported its March quarter net profit soaring many folds to Rs 3,018 crore on the back of inventory gains and rise in refining margins. The company had a net profit of Rs 27 crore in January-March 2020. "Enhanced profitability was a result of robust operational performance, improvement in refinery margins helped by inventory gains and favourable exchange rate variations," HPCL Chairman and Managing Director M K Surana told reporters. The company, which runs refineries at Mumbai and Visakhapatnam, earned USD 8.11 on turning every barrel of crude oil into fuel in January-March period. This is compared with a negative gross refining margin (GRM) of USD 1.23 per barrel. Inventory gains are booked when raw material (crude) prices rise by the time a company processes oil into fuel. Losses are booked when the reverse happens. Surana said the company had an inventory gain of Rs 4,608 crore in the fourth quarter of 2020-21 as compared

Stocks to watch: ZEEL, HPCL, Axis Bank, IB Housing Fin, fertiliser stocks

Indiabulls Housing Finance on Wednesday reported a two-fold jump in its profit after tax to Rs 276 crore in the quarter ended March 2021 helped by stable asset quality

Nifty close below 14,416 would be bearish for short-term: Vinay Rajani

Below 14,416, Nifty could slide towards next support of 14,150

HPCL joins hands to boost world's largest Covid-19 vaccination drive

Hindustan Petroleum Corporation Ltd (HPCL) on Friday said it is aiding the world's largest COVID vaccination drive in India by providing equipment for cold storage and transportation of the vaccines

HPCL-Mittal first Indian company to buy Guyanese crude Liza: Report

The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast

Shuchi partners with HPCL to set up EV charging points across fuel pumps

Shuchi Anant Virya on Wednesday announced its partnership with Hindustan Petroleum Corporation Limited (HPCL)

Saudi oil hawkishness speeds Indian plan to seek alternatives

India would prefer an oil price in the $50 to $60 a barrel range, says HPCL chairman Mukesh Kumar Surana