HPCL

Non-subsidized cylinders being diverted for commercial purposes

Non-subsidized cylinders being diverted for commercial purposesThe sales of commercial cylinders is on the decline for the past several months, and the decline might have been the result of black marketing of non-subsidized cylinders, government-run oil marketing companies (OMCs) believe.

While the growth of commercial cylinders so far this year ranged between 3 per cent and 5 per cent, it had been between 20 per cent and 25 per cent last year following the announcement of capping of six on subsidized cylinders.

Cabinet nod for HPCL-Rajasthan refinery in Barmer

Cabinet nod for HPCL-Rajasthan refinery in BarmerNew Delhi, Sep 20 : The cabinet Friday approved the proposal of Hindustan Petroleum Corporation Limited (HPCL) to set up a 9 MMTPA (million metric tonnes per annum) refinery-cum-petrochemical complex in Rajasthan's Barmer district as a joint venture with the state government, an official statement said.

HPCL will hold 74 percent equity in the proposed HPCL-Rajasthan Refinery Limited (HRRL), with the Rajasthan government holding 26 percent.

Petrol Prices may go up by Rs.1 this week

Petrol Prices may go up by Rs.1 this weekState-run, Oil Marketing Companies in India are expected to increase the price of petrol in the country by about Rs. 1 from June 1due to the depreciation of the rupee during the previous one month.

Petrol prices have been falling in the country since March due to a downward trend in the global crude oil prices. This time the rise might be based on the weakening of the rupee even as the crude oil prices have large remained stable because it made imports costlier for oil importers. The increase will be first rise in the price of petrol in the country in three months.

Gehlot grants approval for annual financial incentive package of Rs. 3376 crores to HPCL

Ashok-GehlotNew Delhi, Feb 22 : Rajasthan Chief Minister Ashok Gehlot has given in principle approval for the annual financial incentive package of Rs. 3376 crores to HPCL as desired by the petroleum company for setting up refinery in his state.

This package will be for 15 years after the start of commercial production by HPCL.

Petrol, diesel, LPG likely to become costlier soon

Petrol, diesel, LPG likely to become costlier soonPetrol, diesel and domestic cooking gas LPG is likely to become costlier soon after the monsoon session of Parliament concludes, a senior official from the Petroleum Ministry revealed.

Speaking on the condition of anonymity, the official said that the oil marketing companies are losing huge amounts on subsidised sales of their products, and that the government is waiting for Parliament to adjourn to give the companies green signal to increase the prices of their products.

Petrol prices might go down by Rs. 4 from July 1

Petrol prices might go down by Rs. 4 form July 1The oil marketing companies in the country might reduce the retail price of petrol by about Rs. 4 form July 1 mainly due to the sharp fall in the global crude oil prices and that of petrol.

Buy HPCL With Target Of Rs 420

Buy HPCL With Target Of Rs 420Technical analyst Shardul Kulkarni of Angel Broking has maintained 'buy' rating on Hindustan Petroleum Corporation Ltd. Limited stock to attain a short term target of Rs 420.

According to analyst, the stock has resistance of Rs 385-390.

The stock of the company, May 03, closed at Rs 381.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 555.45 and a low of Rs 311.55 on BSE.

Current EPS & P/E ratio stood at 34.60 and 11.28 respectively.

HPCL Short Term Buy Call

HPCL Short Term Buy CallTechnical analyst Husseini Wadharia of Techno Shares is bullish on Hindustan Petroleum Corporation Limited (HPCL) and has maintained 'buy' rating on the stock with a target of Rs 347.

According to Wadharia, the stock can be purchased with a stop loss of Rs 330.

Today, the stock of the company opened at Rs 330 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 55.45 and a low of Rs 298 on BSE.

Current EPS & P/E ratio stood at 34.60 and 9.68 respectively.

Intraday Buy Call For HPCL

Intraday Buy Call For HPCLTechnical analyst Anil Singhvi has maintained 'buy' rating on Hindustan Petroleum Corporation Limited (HPCL) stock with an intra-day target of Rs 435.

The analyst said that the stock can be purchased with a stop loss of Rs 410.

The stock of the company, on December 22, closed at Rs 417.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 555.45 and a low of Rs 298 on BSE.

Current EPS & P/E ratio stood at 29.30 and 14.10 respectively.

Buy HPCL With Stop Loss Of Rs 539

Buy HPCL With Stop Loss Of Rs 539Stock market analyst Salil Sharma has maintained 'buy' rating on Hindustan Petroleum Corporation Limited (HPCL) stock with a target of Rs 552.

The strict stop loss for the stock is Rs 539.

The stock of the company, on September 21, closed at Rs 539.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 555.45 and a low of Rs 298 on BSE.

Current EPS is -36.46.

Short Term Buy Call For HPCL

HPCLStock market analyst Salil Sharma has maintained 'buy' rating on Hindustan Petroleum Corporation Limited (HPCL) stock with a short term target of Rs 562.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 539.

The analyst added that the medium term target for the stock will be Rs 140.5.

The stock of the company, on Sep 14, closed at Rs 546.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 552.90 and a low of Rs 298 on BSE.

Current EPS is -36.46.

Buy HPCL With Target Of Rs 490

Buy HPCL With Target Of Rs 490Stock market analyst Salil Sharma is of the view that investors can buy Hindustan Petroleum Corp Ltd (HPCL) stock with stop loss of Rs 460.

According to analyst, the traders can buy the stock on dips with target of Rs 490.

The shares of the company, on July 01, closed at Rs 470.20 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 484 and a low of Rs 298 on BSE.

Current EPS & P/E ratio stood at 38.32 and 12.47 respectively.

Drinking Tea Lessens Risk Of Ovarian Cancer

Drinking Tea Lessens Risk Of Ovarian CancerA new research has disclosed that tea consumption lessens the risk of having ovarian cancer.

Study lead researcher Dr. Christina Nagle from Queensland Institute of Medical Research stated, "Our results indicate that drinking more than four cups a day of black, green or herbal tea may reduce ovarian cancer risk by almost 30 percent."

Dr. Naglealso said that in spite of previous animal researches suggesting that tea can inhibit the growth of ovarian cancer cells, the results of human researches have been inconsistent.

HPCL Q4 Net Declines 85.16%

HPCL Q4 Net Declines 85.16%State-run Hindustan Petroleum Corporation (HPCL) has recorded a fall of 85.16% in its net profit for the quarter ended March 31, 2010.

The company's net profit stood at Rs 7,575.30 million as against Rs 51,040.40 million during the corresponding quarter of last year.

Total income has jumped 24.20% to Rs 317,663.20 million during the period ended March 2010 as compared to Rs 255,776.30 million for the quarter ended March 31, 2009.

The company's board has announced a final dividend of Rs 12 per share.

Court sets aside HPCL order terminating dealership accord

Court sets aside HPCL order terminating dealership accordThe Madras High Court has set aside the order issued by Hindustan Petroleum Corporation Ltd. HPCL has been the leading petroleum company owned by the Tamil Nadu state Government. On 27th of August there was a file against HPCL regarding dealership issues. Now the High court has ruled that the company can't go for the dealership accord in the state.

That means it has to terminate its idea of launching retail outlets for the marketing of petroleum products. HPCL was keen on setting up a retail outlet at 1/1, Arani Road, Vandavasi, Tiruvannamalai District.

Jharkhand Industries ink pact with HPCL

Jharkhand Industries ink pact with HPCLThe Jharkhand industries department is planning to tie up with Hindustan Petroleum Corporation (HPCL) for selling handloom, handicrafts and silk products, using the company's petrol pump network.

Under the arrangment, HPCL will provide space to Jharcraft, the marketing agency of the department, at their pumps, at a subsidised rate. These 18 locations include Kolkata, Mumbai, Pune, Hyderabad, Ahmedabad, Chennai, Chandigarh and Delhi.

Hindustan Dorr bags Rs 127-crore order from HPCL

Hindustan Dorr bags Rs 127-crore order from HPCLHindustan Dorr Oliver (HDO), a leading engineering firm, has announced that it has bagged a prestigious order worth Rs 127 crore from Hindustan Petroleum Corporation Ltd (HPCL) for construction-related works.     

As per the order terms, the company will execute construction of plant on high-efficiency reverse osmosis technology, a filtration process that is often used for water.

The sources close to the company said that this turnkey basis project will be finalized within 13 months.




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