HPCL plans to raise $250 mn in forex debt soon

Last Updated: Friday, September 11, 2015, 18:59

After raising USD 300 million recently, Hindustan Petroleum Corporation (HPCL) is set to raise USD 250 million (about Rs 1,663 crores) through external commercial borrowing (ECB) to fuel its capex plan, a senior company official has said.

PESB finds no candidate fit to head HPCL; to re-advertise post

Last Updated: Thursday, August 6, 2015, 23:46

Government headhunter PESB Thursday failed to select a new Chairman and Managing Director of state -owned Hindustan Petroleum Corp Ltd (HPCL) as it could not find a suitable candidate among the 9 persons it interviewed.

HPCL Q4 net profit surges 58% to Rs 2,162 crore

Last Updated: Thursday, May 28, 2015, 23:32

State-owned Hindustan Petroleum Corp Ltd (HPCL) Thursday reported a 58 percent jump in its March quarter net profit on back of higher refining margin.

Finance Ministry sanctions Rs 5,223-cr fuel subsidy for IOC, BPCL

Last Updated: Friday, May 22, 2015, 11:44

Indian Oil Corp (IOC) will get Rs 2,932 crore subsidy and Bharat Petroleum Corp Ltd (BPCL) Rs 2,291 crore for selling fuel below cost in Q4 of 2014-15, but Hindustan Petroleum Corp Ltd (HPCL) will not get any support.

India seeks 2 million bbl May loading Basra oil for SPR

Last Updated: Tuesday, March 24, 2015, 23:15

India has asked its biggest refiner IOC and another state refiner Hindustan Petroleum Corp. to buy two very large crude carriers each or 8 million barrels of Basra Light oil for the SPR at Vizag on the east coast.

Oil retailers to open 35,600 new outlets in next 3 years

Last Updated: Tuesday, January 20, 2015, 18:07

The country has 51,870 petrol pumps with Indian Oil Corp (IOC) being the market leader with 23,993 outlets, followed by Hindustan Petroleum Corp Ltd (HPCL) with 12,869 pumps and Bharat Petroleum Corp Ltd (BPCL) with 12,123 outlets.

HPCL opens fuel pump at world's highest motorable road in Leh

Last Updated: Wednesday, December 17, 2014, 20:56

State-owned Hindustan Petroleum Corp Ltd (HPCL) has opened a petrol pump at world's highest motorable road in Leh to make available fuel to the remotest part of Jammu and Kashmir.

IOC tops Fortune India 500 list; RIL at second spot

Last Updated: Tuesday, December 10, 2013, 13:47

Indian Oil Corp (IOC) was the biggest with annual revenue of Rs 4,75,867 crore, followed by Reliance Industries (RIL) with a full-year revenue of Rs 4,09,883 crore.

Fitch sees govt pushing Rs 45000-cr oil subsidy to next fiscal

Last Updated: Monday, November 25, 2013, 19:27

The rating agency said out of the oil subsidies allocation of Rs 65,000 crore in the budget for this fiscal, the government has already given out Rs 45,000 crore to pay oil marketing companies for the subsidy gap incurred in FY13.

State-run oil companies rally after Iran deal

Last Updated: Monday, November 25, 2013, 11:34

Shares of state-run oil marketing companies gain after Brent crude drops more than USD 2 a barrel on Monday as supply fears ease following a breakthrough nuclear deal between world powers and Iran over the weekend.

HPCL profit dips 86% in Q2 on lower subsidy, margin drop

Last Updated: Tuesday, November 12, 2013, 15:38

Hindustan Petroleum Corp (HPCL) on Tuesday reported an 86 percent drop in second-quarter profit after it received lower fuel subsidy and refining margins dropped.

Govt sanctions Rs 17,772 crore cash subsidy for oil companies

Last Updated: Thursday, November 7, 2013, 19:12

Government Thursday sanctioned Rs 17,772 crore cash subsidy to fuel retailers like IOC to cover for half of the revenues they lost on selling diesel and cooking fuels below cost in the September quarter.