Sebi asked HPCL to re-file shareholding pattern to stock exchanges by August 13 for all quarters since Oil and Natural Gas Corp (ONGC) acquired government's entire stake in the refiner in January 2018
The decrease in profit is due to sharp decline in crude prices in the month of May and June 2019 leading to inventory losses both at refinery and marketing
M K Surana, chairman and managing director of HPCL, said the Barmer refinery project is on course will be able to commission it as planned in 2022-22
Income from operations rose over 13% to Rs 628.32 bn
Moody's Investors Service has assigned a Baa3 rating to the unsecured bonds issuance by HPCL
HPCL has expressed its interest to the govt in acquiring the Mangalore-based company