HPCL rises on entering into partnership with Boeing
Hindustan Petroleum Corporation is currently trading at Rs. 314.25, up by 1.75 points or 0.56% from its previous closing of Rs. 312.50 on the BSE.
The scrip opened at Rs. 311.25 and has touched a high and low of Rs. 316.55 and Rs. 303.10 respectively. So far 157219 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. 295.51 on 19-Mar-2024.
Last one week high and low of the scrip stood at Rs. 343.60 and Rs. 303.10 respectively. The current market cap of the company is Rs. 66845.54 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 36.27% and 8.83% respectively.
Hindustan Petroleum Corporation (HPCL) and Boeing have entered into partnership for a sustainable aviation fuel ecosystem in the country. As part of this partnership, the two companies will explore opportunities to scale Sustainable Aviation Fuel (SAF) production in the domestic market, support the certification of domestically produced SAF, and advocate for policies to develop a robust SAF ecosystem in the country. HPCL is actively working to commercialise SAF with a strong emphasis on its development and production.
This partnership with HPCL underscores Boeing's leadership and continued investments in SAF, including partnering with airlines, fuel companies, governments, and research institutions globally to expand SAF supply and reduce costs.
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.
