News

Oil India plans net zero by 2040, to invest $2 billion in projects - sources Oil India Ltd aims to invest 165 billion rupees ($1.98 billion) in clean energy projects to meet its 2040 net zero carbon emissions goal, said two sources familiar with state-run energy companies' net zero strategy. The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world's biggest emitters of greenhouse gases, aims for zero by 2070. State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, G...
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Oil India plans net zero by 2040, to invest $2 billion in projects - sources
Source: Reuters
8/09/2023 3:56:19 PM
Indian refiner HPCL meets up to 23% of oil need with Russian grades Indian refiner Hindustan Petroleum Corp Ltd is meeting up to 23% of its oil needs through discounted Russian grades, its chairman Pushp Kumar Joshi said at the company's annual shareholder meeting on Friday. Indian refiners, which rarely used to buy Russian oil, have been snapping up discounted barrels after many Western countries shunned purchases from Moscow following its invasion of Ukraine. HPCL's Russian oil intake is limited by the configuration of its refineries, Joshi sa...
Indian refiner HPCL meets up to 23% of oil need with Russian grades
Indian refiner HPCL meets up to 23% of oil need with Russian grades
Source: Reuters
25/08/2023 5:21:15 PM
India fuel sales slow due to monsoon rains Indian state retailers' gasoline and diesel sales fell in the first half of August from the previous month and a year ago, preliminary sales data showed on Wednesday, as industrial activity and mobility was hit due to monsoon rains. Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods. State retailers sold 1.19 million metric tons of g...
India fuel sales slow due to monsoon rains
India fuel sales slow due to monsoon rains
Source: Reuters
16/08/2023 11:19:40 AM
Heavy rains dampen India`s gasoil, gasoline sales in July Indian state retailers' gasoline and diesel sales fell in July from the previous month as monsoon rains reduced mobility and construction work, according to preliminary sales data. Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods. Monthly gasoil sales in absolute terms in July fell about 13.7% to 6.15 million tonnes while gasoline ...
Heavy rains dampen India`s gasoil, gasoline sales in July
Heavy rains dampen India`s gasoil, gasoline sales in July
Source: Reuters
1/08/2023 12:49:16 PM
HPCL rises on setting up electrolyzer based green hydrogen plant at Visakh Refinery 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 t...
HPCL rises on setting up electrolyzer based green hydrogen plant at Visakh Refinery
HPCL rises on setting up electrolyzer based green hydrogen plant at Visakh Refinery
Source: Accord Fintech
21/07/2023 11:24:28 AM
India's gasoline demand likely to recover from late August - HPCL exec India's gasoline demand will likely recover from late August, while diesel consumption is expected to stay weak, an official at refiner Hindustan Petroleum Corp Ltd (HPCL) said on Monday. The local sale of diesel by private refiners is also denting sales by state-run companies, the official said. The official did not wish to be named as he was not authorised to speak to media. Daily gasoline sales by the three state-run retailers, which also includes Indian Oil Corp and Bharat Pe...
India's gasoline demand likely to recover from late August - HPCL exec
India's gasoline demand likely to recover from late August - HPCL exec
Source: Reuters
17/07/2023 8:07:14 PM
India state retailers` gasoil, gasoline sales declines in July Indian state fuel retailers' gasoil and gasoline sales during July 1-16 declined from the same period in the previous month, preliminary data showed, as widespread heavy rain upended travel demand. Daily sales of gasoil fell by 19.7% to about 2.96 million metric tons in July compared with June, the data showed. Fuel demand in the world's third-biggest oil importer and consumer typically drops during the four-month monsoon season that begins in June as parts of the country are hi...
India state retailers` gasoil, gasoline sales declines in July
India state retailers` gasoil, gasoline sales declines in July
Source: Accord Fintech
17/07/2023 11:06:18 AM
Indian Oil Corp to raise $2.7 billion through share sale  Indian Oil Corp (IOC) would raise up to 220 billion rupees ($2.66 billion) through a rights issue of shares, the state-owned refiner said on Friday. Last month, Reuters reported that the Indian government had kicked off its plan to fund energy transition projects of three big state refiners — IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) — in exchange for equity. IOC, the country's top refiner, has not specified which projects the ne...
Indian Oil Corp to raise $2.7 billion through share sale
Indian Oil Corp to raise $2.7 billion through share sale
Source: Reuters
7/07/2023 7:30:41 PM
HPCL soars on implementing ERP Modernisation Project Hindustan Petroleum Corporation is currently trading at Rs. 299.85, up by 9.10 points or 3.13% from its previous closing of Rs. 290.75 on the BSE. The scrip opened at Rs. 288.15 and has touched a high and low of Rs. 299.85 and Rs. 288.15 respectively. So far 159669 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 299.85 on 06-Jul-2023 and a 52 week low of Rs. 200.00 on 20-Oct-2022. Last one week high and low of ...
HPCL soars on implementing ERP Modernisation Project
HPCL soars on implementing ERP Modernisation Project
Source: Accord Fintech
6/07/2023 10:40:00 AM
India state retailers' gasoil, gasoline sales flat in June m/m Indian state fuel retailers' gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains. Daily sales of gasoil rose marginally by 0.4% to 7.12 million metric tonnes in June compared with May, the data showed. Fuel demand in India, the world's third biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts o...
India state retailers' gasoil, gasoline sales flat in June m/m
India state retailers' gasoil, gasoline sales flat in June m/m
Source: Reuters
1/07/2023 2:13:10 PM
Uttar Pradesh to have 6609 new fuel outlets   The Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), are set to open 6,609 new fuel stations in Uttar Pradesh. The companies are undertaking the expansion of their retail outlet network to cater to the rising demand. The expansion will cater to emerging markets such as urban areas, upcoming highways, agricultural pockets, rural, remote, and far-flung areas in the state. According to official sources, IOC...
Uttar Pradesh to have 6609 new fuel outlets
Uttar Pradesh to have 6609 new fuel outlets
Source: IANS
29/06/2023 3:10:22 PM
Exclusive-India starts process to fund state refiners` green goals via equity -sources The Indian government this week kicked off a multi-billion-dollar process seeking equity in its three big state refiners in return for funding towards the firms' energy transition projects, three sources familiar with the matter told Reuters. The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues, and asked Hindustan Petroleum Corp Ltd (HPCL) to make a preferential share allotment to the government, the people s...
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Exclusive-India starts process to fund state refiners` green goals via equity -sources
Source: Reuters
23/06/2023 6:02:52 PM
HPCL gains on collaborating with Petromin Express to set up vehicle service centres Hindustan Petroleum Corporation is currently trading at Rs. 275.30, up by 1.25 points or 0.46% from its previous closing of Rs. 274.05 on the BSE. The scrip opened at Rs. 271.10 and has touched a high and low of Rs. 275.70 and Rs. 270.70 respectively. So far 29975 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.60 on 14-Jun-2023 and a 52 week low of Rs. 200.00 on 20-Oct-2022. Last one week high and low of t...
HPCL gains on collaborating with Petromin Express to set up vehicle service centres
HPCL gains on collaborating with Petromin Express to set up vehicle service centres
Source: Accord Fintech
22/06/2023 11:23:17 AM
India plans to set up smaller refineries, says Petroleum Minister The government plans to set up smaller refineries, Petroleum Minister Hardeep Puri said on Tuesday. Addressing an industry event, Puri said that this would help in achieving the target of 450 million metric tonne per annum (MMTPA) refining capacity in the country. "We need to take few more policy decisions to take it up to 450 MMTPA," he said. Currently India has a refining capacity of 252 MMTPA. Smaller refineries, Puri said, are easier to install as they face lesser hu...
India plans to set up smaller refineries, says Petroleum Minister
India plans to set up smaller refineries, says Petroleum Minister
Source: IANS
30/05/2023 4:56:30 PM
Engineers India Ltd expects more orders from Middle East - chairperson State-run Engineers India Ltd (EIL) expects to get more orders from the Middle East, where the focus is on maximising oil production, the company's chairperson said on Friday. "There is an upside to increasing production before energy transition kicks in and we want to capture that opportunity, and that opportunity is in the Middle East so therefore we are consolidating there," EIL Charperson Vartika Shukla told reporters at an earnings conference. EIL has raised its staff...
Engineers India Ltd expects more orders from Middle East - chairperson
Engineers India Ltd expects more orders from Middle East - chairperson
Source: Reuters
27/05/2023 10:01:29 AM
Buy Hindustan Petroleum Corporation Ltd For Target Rs 290 - JM Financial Institutional Securities HPCL’s standalone 4QFY23 EBITDA was 6-10% higher vs. JMFe/consensus at INR 48bn due to strong reported GRM of USD 14/bbl (vs. JMFe of USD 9.6/bbl) – however, this is in line with strong GRM reported by other refiners as well due to usage of cheaper Russian crude. Though marketing segment EBITDA recovered to INR 12.7bn it was lower than JMFe of INR 21.8bn. This implies normalised marketing EBITDA of +INR 1,746/tn vs. JMFe of +INR 2,500/tn. Implied integrated reported EBITDA margin ...
Buy Hindustan Petroleum Corporation Ltd For Target Rs 290 - JM Financial Institutional Securities
Buy Hindustan Petroleum Corporation Ltd For Target Rs 290 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
21/05/2023 12:37:09 PM
HPCL to set up Rs 500 cr ethanol plant in Una Himachal Pradesh Chief Minister Sukhvinder Sukhu said on Tuesday that an ethanol plant would be set up in Una district by Hindustan Petroleum Corporation Limited (HPCL) on 30 acres of land with an outlay of Rs 500 crore. The Chief Minister was presiding over a meeting to discuss the aspects of construction of the proposed ethanol plant. Sukhu said the government is ready to invest 50 per cent equity in the project and would extend cooperation to the company for setting up the plant. ...
HPCL to set up Rs 500 cr ethanol plant in Una
HPCL to set up Rs 500 cr ethanol plant in Una
Source: IANS
16/05/2023 5:37:11 PM
Indian Oil posts first profit increase in five quarters as crude prices cool Indian Oil Corp Ltd (IOC), the country's top refiner, reported its first rise in profit in five quarters on Tuesday, as cooling crude prices bolstered its refining margins, sending its shares to their highest in more than one year. The state-owned company's profit rose to 100.59 billion rupees ($1.23 billion) in the January-to-March quarter, from 60.22 billion rupees a year earlier. Analysts had, on average, expected profit to drop to 59.28 billion rupees, according to Refinitiv...
Indian Oil posts first profit increase in five quarters as crude prices cool
Indian Oil posts first profit increase in five quarters as crude prices cool
Source: Reuters
16/05/2023 3:06:13 PM
HPCL trades higher on getting nod to incorporate wholly owned subsidiary Hindustan Petroleum Corporation is currently trading at Rs. 263.30, up by 2.45 points or 0.94% from its previous closing of Rs. 260.85 on the BSE. The scrip opened at Rs. 262.25 and has touched a high and low of Rs. 267.40 and Rs. 261.00 respectively. So far 118558 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.05 on 13-May-2022 and a 52 week low of Rs. 200.00 on 20-Oct-2022. Last one week high and low of ...
HPCL trades higher on getting nod to incorporate wholly owned subsidiary
HPCL trades higher on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
15/05/2023 11:09:50 AM
Neutral HPCL Ltd For Target Rs. 270 - Motilal Oswal Higher-than-expected GRM leads to a beat on our estimate * HPCL reported a beat on our 4QFY23 EBITDA estimate led by higher-thanexpected GRM of USD14.1/bbl (v/s est. of USD10.6/bbl; up 12% YoY). PAT was at INR32.2b (v/s est. of INR20.7b) due to higher-than-estimated other income. * Refinery throughput stood at 5mmt (est. of 4.8mmt; up 6% YoY). Singapore GRM of USD8.2/bbl in 4QFY23 has now dropped to ~USD3.3/bbl in 1QFY24’td, which could hit refining margins in the coming quarter. ...
Neutral HPCL Ltd For Target Rs. 270 - Motilal Oswal
Neutral HPCL Ltd For Target Rs. 270 - Motilal Oswal
Source: Motilal Oswal Financial Services
14/05/2023 11:10:19 AM
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years Indian state-owned oil refiner Hindustan Petroleum Corporation Ltd on Friday said it posted its biggest quarterly profit in nine years, helped by a fall in crude prices and higher refinery margins. Net profit for the fourth quarter ended March 31 jumped about 80% to 32.23 billion rupees ($394.1 million) from 17.95 billion rupees a year earlier, according to a stock exchange filing. Sale of products grew nearly 8.6% to 1.14 trillion rupees, with domestic sales rising to 10.92 million met...
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years
India`s Hindustan Petroleum posts biggest jump in quarterly profit in 9 years
Source: Reuters
13/05/2023 9:58:36 AM
India state retailers gasoil sales rose in April m/m Indian state fuel retailers' gasoil sales rose in April from the previous month, preliminary sales data showed, indicating a pick up in economic activity. Daily sales of gasoil rose by 4.8% to 238,500 tonnes in April compared with March, the data showed. Gasoil accounts for about two-fifths of refined fuel consumption in India and is directly linked to industrial activity India's factory activity expanded at its quickest pace in more than four months in April to 57.2, driven ...
India state retailers gasoil sales rose in April m/m
India state retailers gasoil sales rose in April m/m
Source: Reuters
1/05/2023 4:01:34 PM
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct Hindustan Petroleum Corporation (HINPET) – Daily candlestick chart     Hindustan Petroleum Corporation (HINPET)  @238.00-238.80 CMP238.85 Stop Loss236.40 Target 241.90   RBL Bank (RBLBAN)– Daily candlestick chart   RBL Bank (RBLBAN)  @136.00-136.50 CMP135.10 Stop Loss137.60 Target 133.80         To Read Complete Report & Disclaimer Click Here   Plea...
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct
Stock Picks : Hindustan Petroleum Corporation and RBL Bank By ICICI Direct
Source: ICICI Direct
27/03/2023 11:11:12 AM
Stock of the day : Buy Hindustan Petroleum Corporation Ltd For Target Rs . 254 - Religare Broking Hindustan Petroleum Corporation Ltd  * HINDPETRO has surged strongly of late, posting a fresh breakout from its resistance zone of multiple moving averages. * The marginal dip is offering a fresh buying opportunity to those who missed the chance earlier. * The current chart structure combined with the recent traction in the oil marketing companies(OMC) is further adding to the positivity. * We thus suggest initiating fresh longs as per the given levels.   Technical...
Stock of the day : Buy Hindustan Petroleum Corporation Ltd For Target Rs . 254 - Religare Broking
Stock of the day : Buy Hindustan Petroleum Corporation Ltd For Target Rs . 254 - Religare Broking
Source: Religare Broking Ltd
20/03/2023 10:42:57 AM
Indian crude oil basket price rose 23% between December 2021-March 2023: Government The price of the Indian crude oil basket, in rupee per barrel terms, rose by 23 per cent from December 2021 to March 2023, but compared to this, the increase in retail selling price of petrol and diesel in Delhi has only been 1.08 per cent and 3.40 per cent, the Parliament was told on Thursday. Prices of petrol and diesel have not been increased by public sector oil marketing companies (OMCs) since April 6, 2022, despite record high international prices, Minister of State for Petroleum Ram...
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Source: IANS
17/03/2023 9:22:33 AM
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct Hindustan Petroleum Ltd  Buy Hindustan Petroleum Ltd  @ 228.80-229.20 CMP 230.35 Stop Loss 226.90 Target 232.40   Escorts Ltd Buy Escorts Ltd @ 1898-1902CMP 1889.55 Stop Loss 1913.30 Target 1877.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration...
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct
Stock Picks : Hindustan Petroleum Ltd and Escorts Ltd By ICICI Direct
Source: ICICI Direct Ltd
16/03/2023 9:40:25 AM
Buy Hindustan Petroleum Corporation Ltd For Target Rs . 260 - JM Financial Services GRMs in line; earnings beat on lower marketing losses HPCL’s standalone 3QFY23 EBITDA was higher at INR 16.7bn (vs. JMFe/consensus of INR 12.5bn/ INR 6.1bn) mostly due to better-than-expected marketing segment earnings as reported GRM was marginally lower at USD 9.14/bbl vs. JMFe of USD 9.3/bbl (though it was lower than IOCL and BPCL’s reported 3QFY23 GRM of USD 12.93/bbl and USD 15.9/bbl, respectively). Hence, refining segment implied reported EBITDA was largely in line at INR...
Buy Hindustan Petroleum Corporation Ltd For Target Rs . 260 - JM Financial Services
Buy Hindustan Petroleum Corporation Ltd For Target Rs . 260 - JM Financial Services
Source: JM Financial Institutional Securities Ltd
14/03/2023 12:04:24 PM
Stock Picks : Hindustan Petroleum Corporation Ltd and Eicher Motors Ltd By ICICI Direct Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 227.20-227.60 CMP 228.25 Stop Loss 225.40 Target 230.70   Eicher Motors Ltd  Buy Eicher Motors Ltd  @ 3038-3044 CMP 3033.40 Stop Loss 3067.00 Target 3003.00     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticDa...
Stock Picks : Hindustan Petroleum Corporation Ltd and Eicher Motors Ltd By ICICI Direct
Stock Picks : Hindustan Petroleum Corporation Ltd and Eicher Motors Ltd By ICICI Direct
Source: ICICI Direct Ltd
14/03/2023 10:16:55 AM
Stock Picks : Tata Consultancy Services Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct Tata Consultancy Services Ltd BuyTata Consultancy Services Ltd @ 3327-3331 CMP 3331.00 Stop Loss 3304.00 Target 3368.00   Hindustan Petroleum Corporation Ltd Buy Hindustan Petroleum Corporation Ltd @ 229.30-229.80 CMP 229.70 Stop Loss 227.40 Target 233.20       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect...
Stock Picks : Tata Consultancy Services Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct
Stock Picks : Tata Consultancy Services Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct
Source: ICICI Direct Ltd
13/03/2023 9:45:19 AM
Buy Hindustan Petroleum Corporation Ltd For Target Rs.320 - Yes Securities Earnings improve on better marketing margins Our View HPCL’s 3QFY23 reported Ebitda stood at Rs 16.7bn (-11% YoY; -212% QoQ), better than our and street estimates as marketing margins possibly stood better than our estimates. Company doesn’t declare marketing margins. The GRM at USD 9.14/bbl however stood marginally below our assessment. The sequential improvement in earnings stemmed from QoQ recovery in Petrol and Diesel retail margins to ~ Rs10/ltr (2Q: Rs(0.04)/liter) and...
Buy Hindustan Petroleum Corporation Ltd For Target Rs.320 - Yes Securities
Buy Hindustan Petroleum Corporation Ltd For Target Rs.320 - Yes Securities
Source: Yes Securities Ltd
7/03/2023 2:50:02 PM
Hindustan Petroleum Corporation rises on launching poWer95 Hindustan Petroleum Corporation is currently trading at Rs. 215.95, up by 0.80 points or 0.37% from its previous closing of Rs. 215.15 on the BSE. The scrip opened at Rs. 215.25 and has touched a high and low of Rs. 217.15 and Rs. 214.50 respectively. So far 111061 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.55 on 11-Apr-2022 and a 52 week low of Rs. 200.00 on 20-Oct-2022. Last one week high and low of ...
Hindustan Petroleum Corporation rises on launching poWer95
Hindustan Petroleum Corporation rises on launching poWer95
Source: Accord Fintech
1/03/2023 2:22:16 PM
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues` India's unwillingness to agree with the price cap imposed on sale of Russian crude oil has led to payment related difficulties for oil marketing companies like Hindustan Petroleum Corporation Limited (HPCL), industry sources said. The price cap of $60 per barrel on sale of Russian crude was imposed by the G7 group of nations, Australia and the EU on December 5, 2022, and doesn't allow countries to pay more than $60 per barrel for purchasing Russian oil. However, sources claim th...
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
`India`s unwillingness on price cap for Russian crude purchase leading to payment issues`
Source: IANS
22/02/2023 9:28:33 AM
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri Petroleum Minister Hardeep Puri on Sunday expressed hope that if oil marketing companies (OMCs) have ended their under-recoveries, fuel prices should come down. Addressing media persons during an event in Varanasi, Puri said: "I will hope if under-recoveries end, prices should come down." Fuel prices have not been hiked since the past 15 months now by the three OMCs, namely Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporati...
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri
Hope OMCs would cut fuel prices if they recover losses: Hardeep Singh Puri
Source: IANS
23/01/2023 10:05:02 AM
Marketing losses of India`s oil PSUs to ease: Moody`s With the international prices of petrol and diesel cooling due to economic slowdown concerns, marketing losses for the three Indian oil companies will ease, said Moody's Investors Service. In a report, Moody's said the marketing losses for Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) will go down. "Still, overall earnings for fiscal 2023 ending on 31 March 2023 will be weak because of marketing los...
Marketing losses of India`s oil PSUs to ease: Moody`s
Marketing losses of India`s oil PSUs to ease: Moody`s
Source: Reuters
17/01/2023 5:20:34 PM
Hindustan Petroleum Corporation Ltd Slips 2.46% Hindustan Petroleum Corporation Ltd has added 1.67% over last one month compared to 0.3% gain in S&P BSE Oil&Gas index and 3.73% drop in the SENSEX Hindustan Petroleum Corporation Ltd fell 2.46% today to trade at Rs 250.05. The S&P BSE Oil&Gas index is down 0.47% to quote at 20622.75. The index is up 0.3 % over last one month. Among the other constituents of the index, Indian Oil Corporation Ltd decreased 2.28% and Bharat Petroleum Corporation Ltd lost 1.84% on the day. The...
Hindustan Petroleum Corporation Ltd Slips 2.46%
Hindustan Petroleum Corporation Ltd Slips 2.46%
Source: Dion Global Solutions Ltd
13/01/2023 12:55:57 PM
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri Union Petroleum Minister Hardeep Puri said on Thursday that India has increased ethanol blending in petrol from 1.53 per cent in 2013-14 to 10.17 per cent in July 2022. Addressing the CII Bio-Energy summit, Puri said that setting up 2G refineries to make ethanol from parali (Panipat refinery) and bamboo (Numaligarh refinery) with the twin objectives of reducing pollution along with achieving energy security goals is another milestone in this direction. Referring to the green hydrogen po...
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
India hiked ethanol blending from 1.5% in 2013-14 to 10% in July 2022: Hardeep Puri
Source: IANS
13/01/2023 8:41:29 AM
India Inc raises $5.20 billion via ECBs in November: RBI The Reserve Bank of India (RBI) in its latest report has showed that India Inc raised $5.20 billion via external commercial borrowings (ECBs) during November 2022 as against $1.43 billion in October 2022, higher by 3.63 times. ECBs are used as an additional source of funding by Indian corporates to augment resources available domestically. As per the RBI, Reliance Industries and Reliance Jio Infocomm together accounted for about 58 per cent of the resources raised by India Inc. These two c...
India Inc raises $5.20 billion via ECBs in November: RBI
India Inc raises $5.20 billion via ECBs in November: RBI
Source: Accord Fintech
11/01/2023 12:45:17 PM
HPCL trades higher on signing MoU with NTPC Green Energy 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 ...
HPCL trades higher on signing MoU with NTPC Green Energy
HPCL trades higher on signing MoU with NTPC Green Energy
Source: Accord Fintech
5/01/2023 12:13:20 PM
Petrol export by OMCs rose 142% between 2020-21 and 2021-22 Export of petrol by Indian oil marketing companies (OMCs) rose 142 per cent in a year between 2020-21 and 2021-22, while there was a miniscule rise of less than 1 per cent in export of diesel during the same period. According to official figures, the OMCs exported 668 thousand metric tonnes (TMT) of petrol in 2021-22, which was 142 per cent more than 276 TMT of petrol exported by the country in 2020-21. In 2020-21, the OMCs exported 1,985 TMT of diesel, while in 2021-22, it exported 1,9...
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
Source: IANS
2/01/2023 5:29:14 PM
India basket of crude rose 102% between October 2020-October 2022 Even as the average price of Indian basket of crude oil increased by 102 per cent (from $43.34 to $87.55) between October 2020 and October 2022, the retail prices of petrol and diesel have increased in India by only 19.3 per cent and 27.1 per cent, respectively, during this period, sources said. According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre. Similarly di...
India basket of crude rose 102% between October 2020-October 2022
India basket of crude rose 102% between October 2020-October 2022
Source: IANS
29/12/2022 9:55:37 AM
LKP Spade : A Weekly Pick - Buy Hindustan Petroleum Corporation Ltd For Target Rs. 242/253 By LKP Securities * The stock has taken support near its previous swing low of 225 which will act as a cushion for the bulls. * The momentum indicators are showing signs of reversal on the lower time frame from the oversold territory. * The recovery is likely to take the stock higher towards the level of 242 and a sustained move above that will lead to a further move towards 255 Buy Hindustan Petroleum Corporation Ltd @ Rs.231-228 Stop Loss;218 CB Target Rs. 242/253 Durati...
LKP Spade : A Weekly Pick - Buy Hindustan Petroleum Corporation Ltd For Target Rs. 242/253 By LKP Securities
LKP Spade : A Weekly Pick - Buy Hindustan Petroleum Corporation Ltd For Target Rs. 242/253 By LKP Securities
Source: LKP Securities
26/12/2022 12:38:05 PM
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan` A CAG Audit observed that Indian Oil Corporation Limited (IOCL) incurred an overall additional cost of Rs 516.30 crore due to deviation of optimised logistics plan in case of transportation of MS/ HSD during the period 2014-15 to 2018-19 and Rs 132.55 crore in case of LPG during the period 2015-16 to 2018-19. The report said that Bharat Petroleum Corporation Limited reported lower expenditure compared to planned expenditure by Rs 43.69 crore due to variations from optimised logistics plan ...
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
`IOCL incurs overall additional cost of Rs 516cr due to deviation of optimised logistics plan`
Source: IANS
24/12/2022 10:35:27 AM
Reduce Hindustan Petroleum Corporation Ltd For Target Rs.186 - ICICI Securities LPG payout could not mask weak metrics Hindustan Petroleum Corporation’s (HPCL) Q2FY23 operating performance was weak, with a recurring EBITDA loss of Rs71.2bn and net loss of Rs77.9bn vs I-Sec estimates of Rs71.3bn operating loss and Rs80.8bn net loss (Q2FY22 EBITDA/PAT was at Rs30.1bn/19.2bn). The weakness in Q2 was due to a US$8.4/bbl QoQ dip in GRMs and continuing losses in marketing (our estimates suggest a massive Rs23bn loss in marketing gross margin after excluding refining a...
Reduce Hindustan Petroleum Corporation Ltd For Target Rs.186 - ICICI Securities
Reduce Hindustan Petroleum Corporation Ltd For Target Rs.186 - ICICI Securities
Source: ICICI Securities Ltd
16/12/2022 12:59:05 PM
Gulshan Polyols trades higher on the BSE Gulshan Polyols is currently trading at Rs. 265.00, up by 6.45 points or 2.49% from its previous closing of Rs. 258.55 on the BSE. The scrip opened at Rs. 263.75 and has touched a high and low of Rs. 265.25 and Rs. 261.10 respectively. So far 492 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.00 on 19-Jan-2022 and a 52 week low of Rs. 204.70 on 26-May-2022. Last one week high and low of the scrip stood at R...
Gulshan Polyols trades higher on the BSE
Gulshan Polyols trades higher on the BSE
Source: Accord Fintech
16/12/2022 11:05:57 AM
India may split planned mega refinery to various sites India is considering building several refineries instead of a single mega plant planned with Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), due to challenges in acquiring land, three sources familiar with the matter said. Hurdles in land purchases are one of the key reasons for sluggish infrastructure development in Asia's third-largest economy. Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery a...
India may split planned mega refinery to various sites
India may split planned mega refinery to various sites
Source: Reuters
15/12/2022 2:21:20 PM
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy Gulshan Polyols is currently trading at Rs. 264.75, up by 18.85 points or 7.67% from its previous closing of Rs. 245.90 on the BSE. The scrip opened at Rs. 269.90 and has touched a high and low of Rs. 278.00 and Rs. 260.55 respectively. So far 40610 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 429.00 on 19-Jan-2022 and a 52 week low of Rs. 204.70 on 26-May-2022. Last one week high and low of the scrip stood a...
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy
Gulshan Polyols zooms on bagging Ethanol supply orders from OMCs, Nayara Energy
Source: Accord Fintech
15/12/2022 12:27:51 PM
Hindustan Petroleum Corporation trades higher on the BSE Hindustan Petroleum Corporation is currently trading at Rs. 240.40, up by 5.40 points or 2.30% from its previous closing of Rs. 235.00 on the BSE. The scrip opened at Rs. 239.05 and has touched a high and low of Rs. 244.65 and Rs. 236.75 respectively. So far 255960 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 ...
Hindustan Petroleum Corporation trades higher on the BSE
Hindustan Petroleum Corporation trades higher on the BSE
Source: Accord Fintech
9/12/2022 3:39:46 PM
HPCL shines on partnering with FuelBuddy Hindustan Petroleum Corporation is currently trading at Rs. 232.00, up by 7.90 points or 3.53% from its previous closing of Rs. 224.10 on the BSE. The scrip opened at Rs. 226.10 and has touched a high and low of Rs. 233.45 and Rs. 225.80 respectively. So far 315949 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 ...
HPCL shines on partnering with FuelBuddy
HPCL shines on partnering with FuelBuddy
Source: Accord Fintech
7/12/2022 3:02:38 PM