Edition:
India

Hindustan Petroleum Corp Ltd (HPCL.BO)

HPCL.BO on Bombay Stock Exchange

311.00INR
22 Jun 2018
Change (% chg)

Rs-4.20 (-1.33%)
Prev Close
Rs315.20
Open
Rs314.95
Day's High
Rs316.30
Day's Low
Rs307.45
Volume
294,169
Avg. Vol
347,667
52-wk High
Rs493.00
52-wk Low
Rs272.30

Latest Key Developments (Source: Significant Developments)

India's Hindustan Petroleum Corp March Qtr Profit Down About 4 Pct
Tuesday, 22 May 2018 

May 22 (Reuters) - Hindustan Petroleum Corp Ltd ::MARCH QUARTER NET PROFIT 17.48 BILLION RUPEES VERSUS PROFIT OF 18.19 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 17.59 BILLION RUPEES.MARCH QUARTER INCOME FROM OPERATIONS 663.51 BILLION RUPEES VERSUS 586.68 BILLION RUPEES LAST YEAR.SAYS AVERAGE GRM DURING YEAR ENDED MARCH 31, 2018 $7.40 PER BBL.RECOMMENDED FINAL DIVIDEND OF 2.50 RUPEES PER SHARE.  Full Article

India's Hindustan Petroleum Posts Consol Profit Of 61.69 Bln Rupees For 10 Months Ended Jan 31
Friday, 27 Apr 2018 

April 27 (Reuters) - Hindustan Petroleum Corp Ltd ::10 MONTHS ENDED JAN 31, 2018 CONSOL NET PROFIT 61.69 BILLION RUPEES.10 MONTHS ENDED JAN 31, 2018 CONSOL INCOME FROM OPERATIONS 1.98 TRLN RUPEES.  Full Article

India Govt Invites Expression Of Interest For Proposed Disinvestment of Hindustan Newsprint
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Department of Investment and Public Asset Management, Ministry of Finance, Govt of India::INVITES EXPRESSION OF INTEREST FOR PROPOSED STRATEGIC DISINVESTMENTOF 100% SHAREHOLDING OF HINDUSTAN NEWSPRINT LIMITED HELD BY HPCL.  Full Article

India's ONGC To Borrow 240-250 Bln Rupees To Fund HPCL Stake Buy - Exec
Sunday, 21 Jan 2018 

Jan 21 (Reuters) - India's Oil and Natural Gas Corp Exec Says::HAVE GOT BORROWING LIMIT RAISED TO 350 BILLION RUPEES.HOPES TO CONCLUDE HPCL STAKE BUY BY END JAN.HPCL STAKE BUY NOT TO HIT COMPANY'S OVERSEAS ACQUISITION PLANS.TO MAINTAIN INDEPENDENT IDENTITY OF HPCL POST ACQUISITION.ACQUISITION OF HPCL TO HELP IN CRUDE SOURCING FOR MRPL AT BETTER PRICE.HINDUSTAN PETROLEUM CORP AND MRPL TO JOINTLY SOURCE CRUDE IN FUTURE.NO PLAN AS OF NOW TO MERGE HPCL AND MRPL.MAY LOOK AT MERGING HPCL AND MRPL IN FUTURE.WILL BORROW 240-250 BILLION RUPEES TO FUND HPCL STAKE BUY.AIMS TO PRODUCE GAS FROM EAST COAST BLOCK BY MARCH 2020.  Full Article

Larsen & Toubro Says Unit Gets Order Valued Over 16 Bln Rupees From HPCL
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Larsen & Toubro Ltd ::SAYS L&T HYDROCARBON ENGINEERING WINS ORDER VALUED OVER 16 BILLION RUPEES.  Full Article

Moody's upgrades issuer ratings of 5 Indian non-financial corporates following sovereign upgrade
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Moody's -:MOODY'S UPGRADES ISSUER RATINGS OF 5 INDIAN NON-FINANCIAL CORPORATES FOLLOWING SOVEREIGN UPGRADE.MOODY'S-UPGRADED FOREIGN CURRENCY ISSUER RATINGS OF BHARAT PETROLEUM CORP, HINDUSTAN PETROLEUM CORP, IOC LTD , PETRONET LNG LIMITED TO BAA2 FROM BAA3‍​‍​‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: OUTLOOK ON THESE RATINGS HAVE BEEN REVISED TO STABLE FROM POSITIVE‍​.MOODY'S ON INDIAN NON-FINANCIAL CORPORATES: FOREIGN CURRENCY ISSUER RATING OF ONGC HAS BEEN UPGRADED TO BAA1 FROM BAA2, OUTLOOK IS STABLE.  Full Article

India's HPCL says govt wants profit-making state-run firms to pay higher dividend in FY18
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd chief executive Mukesh Kumar Surana and Director-Refineries Vinod S. Shenoy at a press conference::July to Sept GRM at $7.61 per barrel versus $3.23 a bbl year ago‍​.Co posted inventory gain of 7.92 billion rupees in Sept quarter versus inventory loss of 5.5 billion rupees year ago.Co sees $65/bbl still a barrier to cross for global oil price.Co expects global oil prices to trade between $58-$65 a bbl.Co aims to build 180,000 BPD Rajasthan refinery by 2022.Government indicated that profit-making state-run cos should pay higher dividend in FY18.Co sees local diesel demand rising 4-5 percent in FY18.Rajasthan refinery to produce euro VI compliant fuel.Rajasthan refinery will be a diesel-oriented plant.Rajasthan refinery and petchem project to cost 400 billion rupees.Co has shut 1 CDU at Vizag refinery since early Nov for four weeks.  Full Article

India's Hindustan Petroleum Corp Sept qtr profit more than doubles
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Hindustan Petroleum Corp Ltd ::Sept quarter net profit 17.35 billion rupees .Hindustan Petroleum Corp Ltd consensus forecast for sept quarter profit was 20.58 billion rupees.Sept quarter income from operations 541.53 billion rupees versus 477.51 billion rupees last year.Sept quarter net profit last year was 7.01 billion rupees.Average GRM for six months ended sept 30 was $6.75 per bbl versus $5.12 per bbl last year.The profit alert was first sourced from TV and later confirmed from a press release on the NSE.  Full Article

India's ONGC chairman says "comfortable with current global oil prices"
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Oil And Natural Gas Corporation Ltd :India's ONGC exec says aim to raise oil production to 27 million tonnes and gas production to 42 billion cubic meters by 2021-22‍​.India's ONGC exec says currently executing 35 projects worth investment of 920 billion rupees.India's ONGC exec says ongc videsh to produce 6.33 million tonnes of hydrocarbons in fy 18.India's ONGC exec says hopes to complete hpcl acquisition by end march.India's ONGC exec says mrpl may not open retail fuel stations after its acquisition by hpcl.India's ONGC exec says wants local gas prices to be about $4.5 per mmbtu.India's ONGC exec says has board approval to borrow 250 billion rupees to fund hpcl acquisition.India's ONGC exec says "comfortable with current global oil prices".  Full Article

‍Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Moody's::Moody's says ONGC's acquisition of HPCL will increase ONGC's leverage to upper limit of its Baa1 rating​.  Full Article

BUZZ-Indian oil marketing cos top gainers on NSE index on weaker crude

** Shares of top Indian oil marketing companies lead gains on the NSE index, post biggest intraday percentage gain since May 28