State-run Oil & Natural Gas Corporation’s investment in Hindustan Petroleum Corporation Ltd. (HPCL), the downstream refiner has turned profitable after six years.Shares of HPCL made a 52-week high of ₹475.75 on Tuesday and are now up 20% in the month of January.The recent surge has made ONGC’s investment profitable after nearly half a decade.ONGC acquired the government’s 51% stake in HPCL on January 31, 2018, for ₹36,912 crore. It had acquired the stake at ₹473.97 per share.On January…
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Category: Hindustan Petroleum
Stocks To Watch: BSNL, Verizon Communication, YES Bank, HPCL – Market News
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 94.50 points or 0.44% at 21,631.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Thursday, the NSE Nifty 50 lost 101.35 points or 0.47% to settle at 21,352.60, while the BSE Sensex closed 359.64 points or 0.51% lower to…
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Red Sea attacks haven’t disrupted crude oil supplies to India: HPCL Chairman- Republic World
Updated January 28th, 2024 at 17:29 ISTThe rerouting of shipping vessels via the Cape of Good Hope, has led to an increase in freight costs.Red Sea attacks haven’t disrupted crude oil supplies to India | Image:APRed Sea attacks: Hindustan Petroleum Corporation Ltd (HPCL) Chairman Pushp Kumar Joshi has confirmed that the ongoing attacks by Houthi militants in the Red Sea have not impacted the flow of crude oil to India. However, he acknowledged that the rerouting of shipping vessels via the…
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No impact of Red Sea crisis on crude oil supply to India except higher freight charges, says HPCL chairman
Rejecting the impact of the ongoing Red Sea attacks on India’s oil imports, Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi, said that Houthi militants’ attacks on ship vessels have not affected the crude oil flows to India.
India is the world’s third-largest oil importer and…
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Rs 15 dividend share: PSU stock fixes record date and payment date – ET Now
Rs 15 dividend share: PSU stock fixes record date and payment date ET NowHindustan Petroleum Corporation Q3 FY24 Results Live: Profit Rises by 60.46% YoY MintCrude oil prices still quite volatile for reduction of domestic fuel prices: HPCL MoneycontrolRs 15/Share Dividend: HPCL To Pay 150% Dividends, Record Date Fixed: TDS For Indians, NRIs On Payout GoodreturnsHindustan Petroleum declares Rs 15 interim dividend – Check record date, payment date and other details Zee…
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Govt Halves Budget Support To Oil Firms, Defers Filling Strategic Oil Reserves
The government has halved the amount of equity infusion in state-owned fuel retailers to Rs 15,000 crore for supporting their investments in energy transition projects, the finance ministry has said.Finance Minister Nirmala Sitharaman had on February 1 last year while presenting the annual Budget for 2023-24 fiscal (April 2023 to March 2024) announced equity infusion of Rs 30,000 crore in Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum…
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Rs 15/Share Dividend: HPCL To Pay 150% Dividends, Record Date Fixed: TDS For Indians, NRIs On Payout – Goodreturns
Rs 15/Share Dividend: HPCL To Pay 150% Dividends, Record Date Fixed: TDS For Indians, NRIs On Payout Goodreturns
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Hindustan Petroleum Share Price Live blog for 26 Jan 2024 | Mint – Mint
Hindustan Petroleum Share Price Live blog for 26 Jan 2024 | Mint Mint
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HPCL Q3 Results: PAT slumps 90% sequentially to Rs 529 crore; stock tanks 6%
MUMBAI – Hindustan Petroleum Corporation on Thursday said its net profit for the quarter ended December tripled year-on-year (YoY) to Rs 529 crore. Sequentially, however, the bottomline slumped by nearly 90%. Revenue from operations, net of excise duty, rose a moderate 2% YoY to Rs 1.11 lakh crore. However, it grew by more than 16% sequentially.Following the Q3 earnings presentation, the stock declined over 6.5% to Rs 422 on BSE.The board has recommended an interim dividend of Rs 15 a share…
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Crude oil prices still quite volatile for reduction of domestic fuel prices: HPCL
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Hindustan Petroleum Corporation Limited (HPCL) is looking for crude oil prices to stabilise before considering reducing fuel prices in the domestic market, the management said in a conference call post results on January 25.
The current crude market is highly volatile for HPCL to reduce fuel prices, said the Chairman…
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