Hindustan Petroleum Corporation

Hindustan Petroleum Corporation News

Major fire breaks out at Hindustan Petroleum plant in Andhra Pradesh's Visakhapatnam; no casualties reported
India

Major fire breaks out at Hindustan Petroleum plant in Andhra Pradesh's Visakhapatnam; no casualties reported

The blaze erupted at the crude distillation unit in the HPCL old terminal. An emergency siren sounded following which the employees and workers rushed out

L&T wins over Rs 7,000 cr contract from HPCL; to set up residue upgradation facility for Visakh refinery modernisation project
Business

L&T wins over Rs 7,000 cr contract from HPCL; to set up residue upgradation facility for Visakh refinery modernisation project

Engineering and construction major Larsen & Toubro on Wednesday said its arm LTHE has won a megaproject from Hindustan Petroleum Corporation

Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues
Business

Relief for Air India: OMCs defer decision to suspend fuel supplies after national carrier promises to clear dues

State-owned fuel retailers on Friday decided to defer their decision to suspend jet fuel supplies to Air India after the national carrier promised to make regular payments to clear outstanding dues, officials said

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations
Business

Air India says fuel payment issues with oil PSUs will be resolved soon; assures customers of 'smooth' operations

Late August, IOCL, BPCL, HPCL had stopped fuel supplies to Air India at 6 airports of Kochi, Mohali, Pune, Patna, Ranchi and Vizag over payment defaults

Pay dues monthly, or will stop fuel supply from 18 October say oil companies to Air India; national carrier owed Rs 5,000 cr in unpaid fuel bills till August
Business

Pay dues monthly, or will stop fuel supply from 18 October say oil companies to Air India; national carrier owed Rs 5,000 cr in unpaid fuel bills till August

On 22 August, Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp had stopped fuel supplies to Air India at six airports in the country

Aviation stocks tumble up to 7.2% as crude oil prices hit four-year high of $80 per barrel
Business

Aviation stocks tumble up to 7.2% as crude oil prices hit four-year high of $80 per barrel

Shares of Spicejet plunged 7.20 percent, Jet Airways tumbled 7.05 percent and InterGlobe Aviation 4.97 percent on BSE.

Indian Oil Corp most profitable PSU for second year in a row; trumps state-run explorer ONGC
Business

Indian Oil Corp most profitable PSU for second year in a row; trumps state-run explorer ONGC

ONGC was for long India's most profitable company but lost the crown to private sector Reliance and TCS three years back.

Petrol prices hit four-year high at Rs 73.73, diesel at highest level in Delhi
Business

Petrol prices hit four-year high at Rs 73.73, diesel at highest level in Delhi

Petrol price on Sunday hit a four-year high of Rs 73.73 a litre while diesel rates touched an all-time high of Rs 64.58 in the national capital, renewing calls for the government to cut excise tax rates.

ONGC to raise Rs 19,940 cr short-term loan to part-fund HPCL acquisition; gets nod for Rs 35,000-cr borrowing
Business

ONGC to raise Rs 19,940 cr short-term loan to part-fund HPCL acquisition; gets nod for Rs 35,000-cr borrowing

ONGC says it will get Rs 10,600 cr loan from PNB, Rs 4,460 cr from Bank of India and Rs 3,000 cr from Axis Bank

ONGC gets govt nod to sell stake in Indian Oil, GAIL to fund Rs 36,915-cr HPCL buyout
Business

ONGC gets govt nod to sell stake in Indian Oil, GAIL to fund Rs 36,915-cr HPCL buyout

Sources said ONGC is a zero-debt company and wants to retain that status and short-term loan it is availing have provision to pre-pay without any penalty.

Dharmendra Pradhan cites Nationalisation Act to back why ONGC avoided open offer after buying HPCL stake
Business

Dharmendra Pradhan cites Nationalisation Act to back why ONGC avoided open offer after buying HPCL stake

Dharmendra Pradhan says HPCL will continue to remain a central public sector enterprise by virtue of govt holding majority stake in ONGC

Bharti Airtel tells NPCI: Will return Rs 190 cr LPG subsidy to original bank accounts of customers
Business

Bharti Airtel tells NPCI: Will return Rs 190 cr LPG subsidy to original bank accounts of customers

Govt acted swiftly in LPG subsidy matter and UIDAI, in a stern move late last week, temporarily barred company from conducting Aadhaar-based SIM verification

Centre to launch LPG panchayats to increase use of clean fuel, distribute gas connections in villages
India

Centre to launch LPG panchayats to increase use of clean fuel, distribute gas connections in villages

Centre will launch a country-wide LPG Panchayat as a backup to the Pradhan Mantri Ujjwala Yojana to distribute LPG connections in the rural areas

Petroleum Minister Dharmendra Pradhan announces Rs 4,500-cr network expansion in Odisha
Economy

Petroleum Minister Dharmendra Pradhan announces Rs 4,500-cr network expansion in Odisha

After reviewing the work of Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum and their marketing networks in Odisha, Pradhan said the State has an LPG consumer base of 28 per cent of the population. This would be raised to 33 per cent this year and to 50 per cent of all households in three years.<br />