HPCL inches up on inking pact to acquire stake in HPCL Shapoorji Energy from S P Ports
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Hindustan Petroleum Corporation is currently trading at Rs. 230.75, up by 0.95 points or 0.41% from its previous closing of Rs. 229.80 on the BSE.
The scrip opened at Rs. 229.80 and has touched a high and low of Rs. 231.85 and Rs. 229.65 respectively. So far 25624 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 259.20 on 25-Feb-2021 and a 52 week low of Rs. 163.30 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 240.60 and Rs. 226.05 respectively. The current market cap of the company is Rs. 33563.95 crore.
The promoters holding in the company stood at 51.57%, while Institutions and Non-Institutions held 36.73% and 11.71% respectively.
Hindustan Petroleum Corporation (HPCL) has entered into a Share Purchase Agreement (SPA) for acquisition of shares of HPCL Shapoorji Energy, an Associate Unlisted Company of HPCL, from S P Ports, a Joint Venture Partner. The LNG Terminal Project of the Target Entity is expected to bring long-term value to the company being a growing segment of the energy basket of the nation. The acquisition is expected to be completed by March 31, 2021.
Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.
