HPCL rises on setting up electrolyzer based green hydrogen plant at Visakh Refinery
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Hindustan Petroleum Corporation is currently trading at Rs. 303.00, up by 2.55 points or 0.85% from its previous closing of Rs. 300.45 on the BSE.
The scrip opened at Rs. 295.05 and has touched a high and low of Rs. 303.20 and Rs. 295.05 respectively. So far 37960 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 307.90 on 07-Jul-2023 and a 52 week low of Rs. 200.00 on 20-Oct-2022.
Last one week high and low of the scrip stood at Rs. 305.55 and Rs. 288.05 respectively. The current market cap of the company is Rs. 42896.90 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 36.32% and 8.77% respectively.
Hindustan Petroleum Corporation (HPCL) is setting up a 370-tonne-per-annum electrolyzer-based green hydrogen plant at Visakh Refinery in Andhra Pradesh. The state-owned entity spent Rs 11 crore out of a total fund allocation of Rs 33 crore for this project. The scheduled completion date of the project is September this year.
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.
