Page 9 - Hpcl

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.

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

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

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

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.

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

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

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

Slipping on oil prices

Dual diesel rates will be distortionary

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.

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).

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%.

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.

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

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

Diversion of domestic LPG cylinders for commercial use on the rise

Sources told ANI that unauthorised agents or people involved in black marketing are also involved in refilling commercial cylinders through domestic cylinders

HPCL's Visakha Refinery all set for Rs 26,264 cr expansion, modernization

The HPCL's Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. This is by far a massive industrial project ever in Andhra Pradesh, BJP MP G V L Narasimha Rao said in a statement here on Monday. Under the Visakha Refinery Modernisation Project (VRMP), the capacity of the refinery would be expanded from the present 8.3 to 15 Million Metric Tonne Per Annum. The VRMP is scheduled to be completed during the year 2022-23, Narasimha Rao said, quoting a reply given by Union Petroleum and Natural Gas Minister Rameswar Teli. The modernisation and expansion project is expected to have multiple benefits and impact, including supply of Bharat Stage-VI-compliant motor fuels. It would also enhance energy security with increased refining capacity and improved refinery complexity and conversion efficiency. The BJP Rajya Sabha member said the project would generate massive direct and indirect employment during the construction and post-construction phases, thereby

HPCL shares tumble nearly 5% after Q3 net drops 63% on inventory loss

Net profit in October-December stood at Rs 869 crore, as compared with Rs 2,355 crore for the same period last year