Hindustan Petroleum Profit Rise By 86% In Q1 FY19
State-controlled Hindustan Petroleum Corporation Limited (HPCL) released their first quarterly financial report for the current fiscal period. HPCL registered a net profit of Rs.1719.20 crore...
Tag : HPCL
TechnipFMC secures order from HPCL
TechnipFMC, an UK-based energy services company has been awarded a contract for building one of the units at the Visakhapatnam refinery expansion project of Hindustan Petroleum Corporation Ltd...
HPCL gets environment clearance to set up LPG plant in Bihar
HPCL has received the environment clearance for setting up of a new LPG plant, with bottling and storage facilities in East Champaran, Bihar with an...
ONGC proposes to sell OPaL stake to fund HPCL acquisition
ONGC proposes to sell its stake in ONGC-Petro Additions Ltd (OPaL), to fund acquisition of HPCL. As per a senior official, “We traditionally have been a debt-free...
BHEL wins order from HPCL worth Rs.1,034 crore
BHEL has bagged gas turbine based captive power plant order from HPCL, worth Rs.1,034 crore. The company in a regulatory filing stated, it has “won...
HPCL posts 23% YoY increase in Q3 profit
Hindustan Petroleum Corporation Ltd (HPCL), has reported 22.59% YoY increase in profit at Rs.1,949.69 crore for the quarter ended December 31,2017. The company in the...
ONGC to acquire 51.11% stake in HPCL
Oil and Natural Gas Corporation (ONGC) to acquire 51.11% stake in Hindustan Petroleum Corporation (HPCL) for Rs.369.15 billion. The acquisition price is at 13.8% premium...
HPCL reports Q1, profit declines 56% YoY to Rs 925 crore
Hindustan Petroleum Corporation (HPCL) has reported 56 percent year-on-year decline in net profit at Rs 924.75 crore for the quarter ended June 30, 2017 as...
CCEA approved govt stake sale of HPCL to ONGC
The Cabinet Committee on Economic Affairs (CCEA) has provided its in-principle approval for the sale of the government’s 51.11 percent stake along with the management...
Union Cabinet provides an in-principle approval to the HPCL, ONGC merger
The Union Cabinet, on Wednesday, provided its in-principle approval to the proposed acquisition of government’s 51.1 percent stake in the oil marketing company by PSU...