Page 3 - Hpcl

Markets are not fully pricing in fuel-led inflation yet, say analysts

Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel

Slipping on oil prices

Dual diesel rates will be distortionary

After IOC, HPCL buys 2 mn bbl Russian crude, MRPL seeks 1 mn bbl

Western sanctions on Russia over its invasion of Ukraine has prompted many companies and countries to shun its oil. This has led to Russian crude being available in the market at deep discounts

Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports

Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.

Street signs: Retail, HNIs pare bullish bets, cashing in on LIC IPO & more

Domestic brokerages are pulling all stops to cash in on the excitement around LIC's initial public offering (IPO).

Trading strategies for oil-related stocks as Brent crude tops $105 level

SpiceJet, Berger Paints and BPCL look weak on charts, while ONGC could gain another 4-8%.

OMCs under pressure as Brent tops $100-mark; BPCL, IGL hit 52-week lows

BPCL, HPCL, Indian Oil, Gujarat Gas, Petronet LNG, Indraprastha Gas and Mahanagar Gas are trading 2 per cent to 6 per cent lower on the BSE.

India's Green Hydrogen Policy to benefit RIL, Tata Power the most: Analysts

RIL has already spent $1.4 billion to acquire technologies across the solar battery and hydrogen ecosystems

Oil hits $95: Buy paint, tyre stocks on dips, avoid aviation, say analysts

Oil prices climbed towards their highest levels in more than seven years on Monday on fears that a possible invasion of Ukraine by Russia could trigger sanctions (on the latter) from US and Europe

Diversion of domestic LPG cylinders for commercial use on the rise

Sources told ANI that unauthorised agents or people involved in black marketing are also involved in refilling commercial cylinders through domestic cylinders

HPCL's Visakha Refinery all set for Rs 26,264 cr expansion, modernization

The HPCL's Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. This is by far a massive industrial project ever in Andhra Pradesh, BJP MP G V L Narasimha Rao said in a statement here on Monday. Under the Visakha Refinery Modernisation Project (VRMP), the capacity of the refinery would be expanded from the present 8.3 to 15 Million Metric Tonne Per Annum. The VRMP is scheduled to be completed during the year 2022-23, Narasimha Rao said, quoting a reply given by Union Petroleum and Natural Gas Minister Rameswar Teli. The modernisation and expansion project is expected to have multiple benefits and impact, including supply of Bharat Stage-VI-compliant motor fuels. It would also enhance energy security with increased refining capacity and improved refinery complexity and conversion efficiency. The BJP Rajya Sabha member said the project would generate massive direct and indirect employment during the construction and post-construction phases, thereby

HPCL shares tumble nearly 5% after Q3 net drops 63% on inventory loss

Net profit in October-December stood at Rs 869 crore, as compared with Rs 2,355 crore for the same period last year

Hindustan Petroleum Q3 net profit drops 63% on inventory loss

Hindustan Petroleum Corporation Ltd (HPCL) on Monday reported a 63 per cent decline in third quarter net profit as it booked inventory losses.

Sensex ends 814 pts higher ahead of Budget-day in broad-based rally

Large part of today's rally in the headline indices was led by IT stocks such Tech M, Wipro, Infosys and HCL Tech; financials such as Bajaj twins and SBI, and index heavyweights RIL

Pushp Kumar Joshi to be new chairman and managing director of HPCL

He will replace Mukesh Kumar Surana, who superannuates on April 30 this year

HPCL to lift 45% more oil from Iraq to meet expanded refining capacity

The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021

India's longest drone flight conducted in Haryana for HPCL: Robotics firm

Omnipresent Robot Technologies Founder and CEO Aakash Sinha told PTI that the 51 km-long flight of Omni-Hansa V5 took place on November 3.

Stocks to Watch: SBI, Airtel, SpiceJet, Trent, Mtar, Pfizer, HPCL, Bata

SBI and other banking shares, along with stocks of companies to report earnings today will be in focus

HPCL's Q2 net drops 35% to Rs 1,919 cr, GRM halves to $2.44 a barrel

The GRM was impacted by the higher fuel and loss component in view of shutdown, restarting and stabilisation activities at both HPCL refineries

Ethanol blending with petrol seen at 8.3% in 2020-21 across states, UTs

Ethanol blending with petrol has been achieved in all the states and UTs, and is likely to touch around 8.3 per cent in the 2020-21 marketing year ending November, according to a senior official of state-owned HPCL. Ethanol blending with petrol stood at 5 per cent in 2019-20. Addressing a webinar organised by Indian Sugar Mills Association (ISMA), HPCL ED C Sridhar Goud highlighted that blending is expected to jump to around 8.2-8.3 per cent in current ethanol supply year (December to November), from an average ethanol blending of 5 per cent in the last two years. He highlighted that the Ethanol Blending Programme (EBP) has reached the entire country. "Sikkim was the last state. Four days ago, we reached Sikkim as well. Ethanol blending is taking place in all states," Goud said. "Achieved Ethanol blending in all the States & UTs in current ESY 20-21," he said in the presentation. Goud expressed confidence that the blending level of 10 per cent would be achieved in the 2021-22 ...