Hindustan Petroleum Corp

HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter

Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 percent stake in HPCL for Rs 36,915 crore. Post that, HPCL had become a subsidiary of ONGC.

High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody's

ONGC increased its borrowings by about Rs 25,000 crore in January 2018, when it acquired a 51.11 percent stake in Hindustan Petroleum Corp Ltd for Rs 36,915 crore.

Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude prices

Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.

Gujarat election impact: After Rs 76.5 hike in LPG price, oil cos skip monthly revision in December

The price of subsidised LPG was last raised by Rs 4.50 per cylinder on 1 November to Rs 495.69

Hindustan Petroleum to acquire Mangalore Refinery and Petrochemicals in share-swap deal

At present, ONGC owns 71.63 percent stake in MRPL while HPCL has 16.96 percent

Aviation turbine fuel price raised 6%, cooking gas by Rs 1.50 per cylinder

A subsidised 14.2-kg LPG cylinder will now cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.

ONGC gets Cabinet nod to buy 51% in refiner HPCL, to create integrated oil giant

India, the world's third-biggest oil consumer, imports about 80 percent of its crude needs and Prime Minister Narendra Modi has set a target to cut dependence on oil imports by 10 percent by 2020.

IOC, HPCL, BPCL in pact to set up world's largest refinery in Maharashtra, invest $40 bn

Indian Oil Corp (IOC) will be the lead partner with 50 percent stake while Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) will take 25 percent stake each, IOC Chairman Sanjiv Singh said.

Petrol price up by 42 paise a litre, diesel Rs 1.03

This is the fourth increase in petrol price in six weeks and the third in case of diesel in one month.

Visakhapatnam: HPCL refinery partly shut after fire, one person killed

Hindustan Petroleum Corp has shut part of its 166,000 barrel per day (bpd) Vizag refinery after a fire in the cooling tower, which killed one person and injured 33 others.