HPCL trades higher on signing MoU with NTPC Green Energy
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Hindustan Petroleum Corporation is currently trading at Rs. 243.00, up by 2.00 points or 0.83% from its previous closing of Rs. 241.00 on the BSE.
The scrip opened at Rs. 243.05 and has touched a high and low of Rs. 248.80 and Rs. 241.55 respectively. So far 115805 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.40 on 20-Jan-2022 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. 248.80 and Rs. 231.25 respectively. The current market cap of the company is Rs. 34683.51 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 34.72% and 10.37% respectively.
Hindustan Petroleum Corporation (HPCL) has signed a non-binding Memorandum of Understanding (MoU) with NTPC Green Energy (NGEL) on January 3, 2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL.
This MoU marks the first step for NGEL and HPCL to collaborate and cooperate in the field of development of Renewable Energy projects which shall help HPCL in meeting its Clean Energy Commitments.
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.
