HPCL gains as its arm commissions LNG Regasification Terminal in Gujarat
Hindustan Petroleum Corporation is currently trading at Rs. 370.15, up by 5.65 points or 1.55% from its previous closing of Rs. 364.50 on the BSE.
The scrip opened at Rs. 364.55 and has touched a high and low of Rs. 372.10 and Rs. 364.00 respectively. So far 82962 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.20 on 05-Sep-2024 and a 52 week low of Rs. 278.00 on 25-Jan-2024.
Last one week high and low of the scrip stood at Rs. 394.80 and Rs. 360.40 respectively. The current market cap of the company is Rs. 78591.12 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 36.27% and 8.83% respectively.
HPCL LNG, a wholly-owned subsidiary of Hindustan Petroleum Corporation (HPCL), has successfully commissioned LNG Regasification Terminal of 5 MMTPA capacity at Chhara, Gujarat. The ship, Maran Gas Coronis, carrying LNG cargo was berthed on January 6, 2025 and the cargo discharge into the on shore LNG tanks was successfully completed on January 12, 2025.
The Terminal has been set up at an approximate investment of Rs 4750 crore at Chhara Port in Gir-Somnath District in Gujarat. It has facilities for receipt of LNG through ocean tankers, marine unloading, storage, LNG Road Tanker loading, regasification, and supply of regasified LNG to the gas grid.
HPCL LNG would operate the Terminal on a ‘tolling’ model and is open to third party users, through long term capacity booking contracts and/or through Master regasification agreement for spot cargoes. HPCL has brought its first cargo and the terminal will start the commercial operations shortly.
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.
