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Hindustan Petroleum Corporation Ltd

Reliance, Nayara face windfall profit tax on local supplies alongside exports

Reliance, Nayara face windfall profit tax on local supplies alongside exports

Sun, Aug 14, 2022

The windfall tax was targeted mainly at Reliance Industries Ltd and Russian oil major Rosneft-backed Nayara Energy, who the government believed were making a killing on exporting large volumes of fuel made from discounted Russian oil, at the cost of the domestic market, three sources with knowledge of the matter said.

Oil marketing companies on fire! IOC, HPCL, BPCL share prices rally up to 5%

Oil marketing companies on fire! IOC, HPCL, BPCL share prices rally up to 5%

Fri, Jul 06, 2018

Shares of leading oil marketing companies such as IOC, HPCL, BPCL rallied by up to 5 per cent as US-China trade war fears weighed on global oil prices. IOC, HPCL, BPCL were the top gainers on Nifty index.

ONGC not to make open offer post HPCL acquisition: Official

ONGC not to make open offer post HPCL acquisition: Official

Sun, Jul 23, 2017

The Cabinet Committee on Economic Affairs (CCEA) last week gave in-principal approval of Oil and Natural Gas Corp (ONGC) buying out government's entire 51.11 per cent stake in fuel retailing and marketing company Hindustan Petroleum Corp Ltd. HPCL will continue to be a separate listed company.

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ONGC-HPCL deal: Is the deal fair for HPCL shareholders?

ONGC-HPCL deal: Is the deal fair for HPCL shareholders?

Thu, Jul 20, 2017

Union Cabinet gave in-principle nod for sale of government's stake in HPCL to ONGC. Post ONGC buying government stake, HPCL will become subsidiary of India's largest oil producer but its board will continue to be in place.

HPCL to invest Rs 61,000 crore by 2021 on expansion projects

HPCL to invest Rs 61,000 crore by 2021 on expansion projects

Sun, Jul 16, 2017

HPCL is upgrading both its Mumbai and Visakh refineries to produce fuel meeting Euro-VI emission norms.

Oil firms set up system for smooth daily fuel price change

Oil firms set up system for smooth daily fuel price change

Mon, Jun 12, 2017

The Federation of All India Petroleum Traders (FAIPT) has, in a statement, said there will be "no purchase no sale" of petrol and diesel on June 16 to protest the decision.

HPCL net profit stood at Rs 1,819 crore in Q4; shares surged by 12%

HPCL net profit stood at Rs 1,819 crore in Q4; shares surged by 12%

Fri, May 26, 2017

HPCL posted net profit of Rs 1,818.79 crore, a rise of 31.04% from Rs 1,387.91 crore in the corresponding period of the previous year. Q4FY17 net profit also increased by 9.77% from Rs 1,656.81 crore in the preceding quarter.

HPCL, ONGC Q4 preview: Spike in crude prices, decline in GRM to play role?

HPCL, ONGC Q4 preview: Spike in crude prices, decline in GRM to play role?

Fri, May 26, 2017

Performance of oil companies in Q4, is expected to revolve around the strengthening of crude prices and decline in Singapore complex GRM that took place during January – March 2017 period.

ONGC may acquire HPCL in Rs 44,000 crore deal

ONGC may acquire HPCL in Rs 44,000 crore deal

Mon, Feb 27, 2017

India's biggest oil and gas producer ONGC may buy all of the government's 51.11% stake in Hindustan Petroleum Corporation Ltd (HPCL).

HPCL's Q3 net profit rises nearly 53% to Rs 1,590.31 crore in FY17

HPCL's Q3 net profit rises nearly 53% to Rs 1,590.31 crore in FY17

Mon, Feb 13, 2017

HPCL on Monday reported 53.73% jump in the standalone net profit for the third quarter ended on December 31, 2016.

Digital Push: Major oil companies provides discount on online payment for LPG refill

Digital Push: Major oil companies provides discount on online payment for LPG refill

Tue, Jan 03, 2017

In a move to boost online payment for LPG refill, major oil companies like Indian Oil Corp, Bharat Petroleum Corp Limited (BPCL) and Hindustan Petroleum Limited (HPCL) on Tuesday announced upfront discount of Rs 5 on every LPG refill for their customers.

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