Latest News on Hindustan Petroleum Corp
Showing of 0 - 10 from 16 results
Hindustan Petroleum Corp - Total results - 16
Aug 06, 2019
Govt looking at cutting west coast refinery capacity as cost escalates to $60 bn from $44 bnIndia is looking at cutting capacity at its biggest oil refinery to match lower fuel demand projections and contain costs which jumped to $60 billion due to meeting stringent environment norms and relocation of the plant, top officials said
Jun 20, 2019
Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil reportThe government plan to more than double the number of petrol pumps in the country does not make economic sense as more number of outlets would only cut into each other's sale, leading to some unprofitable, Crisil Research said in a report on Thursday
Apr 29, 2019
Hindustan Petroleum-Mangalore Refinery merger hits cash hurdle; ONGC rules out share-swapSources said HPCL has not made any firm proposal for the acquisition to ONGC
Aug 21, 2018
Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment targetONGC had helped the government meet its disinvestment target last fiscal when it bought a 51.11 percent stake in state-owned Hindustan Petroleum Corp Ltd (HPCL) for Rs 36,915 crore
Aug 09, 2018
HPCL digs in heels, says acting as per statute in not recognising ONGC as promoterOil 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.
Aug 06, 2018
High operating profit to help ONGC cut borrowings; free cash flow will improve financial flexibility: Moody'sONGC 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.
Jan 23, 2018
Budget 2018: Oil ministry seeks cut in excise duty on petrol, diesel to cushion impact of rising crude pricesPrime 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.
Dec 11, 2017
Gujarat election impact: After Rs 76.5 hike in LPG price, oil cos skip monthly revision in DecemberThe price of subsidised LPG was last raised by Rs 4.50 per cylinder on 1 November to Rs 495.69
Oct 31, 2017
Hindustan Petroleum to acquire Mangalore Refinery and Petrochemicals in share-swap dealAt present, ONGC owns 71.63 percent stake in MRPL while HPCL has 16.96 percent
Oct 02, 2017
Aviation turbine fuel price raised 6%, cooking gas by Rs 1.50 per cylinderA subsidised 14.2-kg LPG cylinder will now cost Rs 488.68 in Delhi as against Rs 487.18 previously, IOC said.