Aug 21 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS CO WILL INVEST 720 BLN RUPEES OVER FIVE YEARS ENDING 2024.EXEC SAYS CAPEX WILL INCLUDE INVESTMENT INTO REFINERIES, RENEWABLES AND PETROCHEMICALS.EXEC SAYS WILL INVEST 50 BLN RUPEES TO SET UP CROSS COUNTRY PRODUCT PIPELINES.EXEC SEES GASOLINE DEMAND TO RISE AROUND 7-8% IN 2018-19.EXEC SEES NO DECLINE IN DIESEL DEMAND TILL 2030.EXEC SAYS YET TO WORK OUT MODALITIES FOR MRPL ACQUISITION.EXEC SAYS MANGALORE LPG CAVERN WILL BE READY IN FOUR YRS, INVESTMENT IS 8 BLN RUPEES.EXEC SAYS REFINING MARGIN IS EXPECTED TO BE GOOD IN Q3,Q4.
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Aug 8 (Reuters) - Hindustan Petroleum Corp Ltd ::HINDUSTAN PETROLEUM CORP SAYS RECEIVED LETTER FROM INDIA'S MARKETS REGULATOR SEBI ON 'ERRONEOUS SHAREHOLDING PATTERNS' FILED WITH EXCHANGES.HINDUSTAN PETROLEUM CORP SAYS IT WILL RECTIFY SHAREHOLDING PATTERN AND CLASSIFICATION OF PROMOTERS, AS PER SEBI DIRECTION.
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Aug 7 (Reuters) - Hindustan Petroleum Corp Ltd ::JUNE QUARTER NET PROFIT 8.11 BILLION RUPEES VERSUS PROFIT OF 17.19 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS SALE OF PRODUCTS 745.30 BILLION RUPEES VERSUS 729.23 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 16.50 BILLION RUPEES.AVERAGE GRM DURING JUNE QUARTER $0.75 PER BBL VERSUS $7.15 PER BBL LAST YEAR.
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June 6 (Reuters) - Hindustan Petroleum Corp Ltd ::EXCISE DEPARTMENT HAS ISSUED SHOW CAUSE NOTICE SEEKING ADDITIONAL PAYMENT OF EXCISE DUTY FROM VISAKH REFINERY.
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Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS CO MAY SHUT A 4.5 MTPA CRUDE UNIT AT MUMBAI REFINERY IN MARCH FOR 10 DAYS.EXEC SAYS CO MAY SHUT GASOLINE MAKING UNITS FOR 35-45 DAYS IN NEXT FISCAL YEAR.EXEC SAYS MAY SHUT GASOLINE MAKING UNITS AT MUMBAI, VIZAG REFINERIES FOR 35-45 DAYS IN NEXT FISCAL YEAR.
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Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS JULY-SEPT GROSS REFINING MARGIN AT $4.81/BBL VERSUS $7.61/BBL YEAR AGO.EXEC SAYS HPCL COMMISSIONED 131 NEW FUEL STATIONS IN SEPT QUARTER.EXEC SAYS CO CO POSTED 8.87 BILLION RUPEES FOREX LOSSES IN JULY-SEPT VERSUS GAIN OF 200 MILLION RUPEES YEAR AGO.EXEC SAYS CO POSTED 12.76 BILLION RUPEES INVENTORY GAINS IN SEPT QUARTER VERSUS 7.92 BILLION RUPEES YEAR AGO.EXEC SAYS CO CONTINUE TO SELL PETROL, DIESEL AT 1RUPEE/LITRE BELOW MARKET RATES.EXEC SAYS MAY SHUT SOME UNITS AT MUMBAI, VIZAG REFINERIES NEXT YEAR TO HOOK UP UNITS TO PRODUCE EU VI FUEL.EXEC SAYS SHUT DOWN OF THE UNITS AT TWO REFINERIES WILL BE FOR SHORT DURATION.EXEC SAYS MAY RESUME IRAN OIL PURCHASE IF US SANCTIONS WAIVER PERMIT.EXEC SAYS PROCESS ON TO WORK OUT METHODOLOGY FOR HPCL MRPL MERGER.EXEC SAYS CO HAS SETTLED ALL PAYMENTS TO IRAN.EXEC SAYS HOPES TO RAISE UP TO $500 MILLION FOREIGN LOANS BY END- NOV UNDER NEW WORKING CAPITAL NORMS.
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Nov 1 (Reuters) - Hindustan Petroleum Corp Ltd ::SEPT QUARTER NET PROFIT 10.92 BILLION RUPEES VERSUS PROFIT OF 17.35 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 15.11 BILLION RUPEES.SEPT QUARTER INCOME FROM OPERATIONS 730.65 BILLION RUPEES VERSUS 541.53 BILLION RUPEES LAST YEAR.AVERAGE GRM FOR SIX MONTHS ENDING SEPT 30 WAS $5.93 PER BBL.
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Aug 30 (Reuters) - Hindustan Petroleum Corp Ltd ::EXEC SAYS CO AT ADVANCED STAGES TO GET ENVIRONMENTAL CLEARANCE FOR CHHARA LNG TERMINAL.EXEC - IN TALKS WITH VARIOUS COMPANIES TO SOURCE LNG FOR ITS NATURAL GAS TRADING AND CITY GAS BUSINESS.EXEC - AIMS TO COMPLETE BARMER REFINERY PROJECT BY 2022.EXEC - HOPES TO DO FINANCIAL CLOSURE FOR BARMER REFINERY WITHIN 3 WKS.EXEC SAYS DO NOT SEE ANY CHANGE IN DIESEL CONSUMPTION PATTERN DUE TO RISING PRICES.EXEC - SEES 5 PERCENT GROWTH IN DIESEL CONSUMPTION, 8 PERCENT GROWTH IN PETROL DEMAND THIS FISCAL.
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Aug 8 (Reuters) - Hindustan Petroleum Corp Ltd Exec::HPCL AIMS TO INVEST 84 BILLION RUPEES IN FY19 ON VARIOUS PROJECTS INCLUDING REFINERIES AND PETCHEMS.HPCL'S VIZAG AND MUMBAI REFINERIES UPGRADATION AND EXPANSION PROJECTS ARE PROGRESSING AS PER SCHEDULE.HPCL AIMS TO MARKET LUBES, PETROLEUM PRODUCT IN MIDDLE EAST, AFRICA THROUGH A 100 PERCENT SUBSIDIARY COMPANY.JUNE QUARTER INVENTORY GAINS AT 19 BILLION RUPEES.CO WILL FOLLOW INDIAN GOVERNMENT GUIDELINES ON IRAN OIL IMPORTS.AS OF NOW NOT PLANNING TO BUY IRAN OIL IN SEPT.NO PLAN TO BUY IRAN OIL IN OCTOBER.CO GOT ENVIRONMENT APPROVAL FOR SETTING UP ETHANOL PLANT AT BATHINDA PLANT IN NORTH INDIA.NOT PLANNING MAINTENANCE SHUTDOWN OF UNITS AT VIZAG, MUMBAI REFINERIES IN FY19.CO MAY RAISE UP TO $500 MILLION THROUGH DEBT MARKET IN JAN-MARCH QUARTER.
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Feb 21 (Reuters) - Bharat Heavy Electricals Ltd ::SAYS BHEL GETS 10.34 BILLION RUPEES CAPTIVE POWER PLANT ORDER.ORDER PLACED ON CO BY HPCL FOR ITS VISAKH REFINERY EXPANSION PROJECT AT VISAKHAPATNAM.CONTRACT FOR SETTING UP GAS TURBINE BASED CAPTIVE POWER PLANT ON LUMPSUM TURNKEY.
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