Hindustan Petroleum-corp

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Hindustan Petroleum-corp - Total results - 16
Govt looking at cutting west coast refinery capacity as cost escalates to $60 bn from $44 bn
Business

Govt looking at cutting west coast refinery capacity as cost escalates to $60 bn from $44 bn

India 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

Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report
Business

Govt plans to add over 78,000 petrol pumps is uneconomical, will only cut into each other's sale: Crisil report

The 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

Hindustan Petroleum-Mangalore Refinery merger hits cash hurdle; ONGC rules out share-swap
Business

Hindustan Petroleum-Mangalore Refinery merger hits cash hurdle; ONGC rules out share-swap

Sources said HPCL has not made any firm proposal for the acquisition to ONGC

Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment target
Business

Centre asks ONGC to list overseas investment arm OVL on bourses to help achieve govt disinvestment target

ONGC 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

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

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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.

HPCL refinery in Vizag partly shut after fire kills one, 34 injured
India

HPCL refinery in Vizag partly shut after fire kills one, 34 injured

One person was killed and 33 injured in the fire, said police inspector Ranganadh from Andhra Pradesh.

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

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.

IOC to start work on its first LNG terminal by end of 2013
India

IOC to start work on its first LNG terminal by end of 2013

Indian Oil Corp will start work on its first liquefied natural gas (LNG) plant at Ennore in the east coast by the end of this year, its chairman said on Tuesday, as it sees a gradual rise in local acceptance of the costly imported fuel.