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Hindustan Petroleum Corporation Ltd Slides 3.78%, BSE Oil & Gas index Drops 1.39%
Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX
Market Pulse: Key triggers to watch before the July 8 trading session
Indian investors will track the continuing attacks on tankers by Iranian forces, which are increasing concerns among shipowners. Oil marketing companies, including Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, may remain on investors’ radar amid developments in crude markets. Also, the government has decided to exercise the entire green shoe option in the Cochin Shipyard Offer for Sale (OFS) after strong investor response on the first day. Further, US markets are trading higher as investors rotate away from artificial intelligence-linked stocks. Oil prices remain in focus after vessel attacks in the Persian Gulf, with potential supply concerns keeping crude markets under watch.
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.
Zaggle Prepaid gains on partnering with HPCL for Drive Track Plus fleet programme
Zaggle Prepaid Ocean Services added 1.88% to Rs 210.85 after it has entered into a five-year agreement with Hindustan Petroleum Corporation (HPCL) for its flagship Drive Track Plus fleet programme.
Hindustan Petroleum Corporation Ltd up for third straight session
Hindustan Petroleum Corporation Ltd is quoting at Rs 400.85, up 1.03% on the day as on 12:49 IST on the NSE. The stock is down 1.79% in last one year as compared to a 4.99% slide in NIFTY and a 11.47% slide in the Nifty Energy index.
Can HPCL, BPCL And IOCL Make A Comeback? Brokerages See Margin Recovery Ahead — Check Revised Targets
Brokerages JPMorgan and Kotak Institutional Equities have both turned more constructive on the outlook for state-run fuel retailers, arguing that the sharp correction in oil prices has eased pressure on profitability for Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd.
HPCL's Rajasthan refinery restarts key crude unit after April fire
Hindustan Petroleum Corp Ltd's joint venture refinery in Rajasthan has restarted its crude distillation unit after a fire in April. This restart allows for a phased ramp-up of fuel production. Key products like diesel, LPG, and petcoke are already being produced. Petrol production is expected next week. The refinery is a significant project for India's energy sector.
Stocks to watch: Vedanta, Hindustan Petroleum, ONGC among shares in focus today after US-Iran peace deal - Mint
Stocks to watch: Vedanta, Hindustan Petroleum, ONGC among shares in focus today after US-Iran peace dealMint
India Restricts Sale Of High-Speed Diesel, Motor Spirit At Retail Outlets For 90 Days
Shares of oil marketing companies including Bharat Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. could be in focus following the development.
3i Infotech secures IT services contract from Hindustan Petroleum Corporation
3i Infotech has received an IT services contract worth Rs 37.05 crore from Hindustan Petroleum Corporation (HPCL), for providing Facility Management Services (FMS) across HPCL locations for three years.
3i Infotech gains after securing Rs 37-crore HPCL order
3i Infotech rallied 4.97% to Rs 17.32 after the company announced that it had secured a purchase order worth Rs 37.05 crore from Hindustan Petroleum Corporation (HPCL).
Agarwal Industrial jumps after bagging Rs 477.5 crore HPCL bitumen supply contract
Agarwal Industrial Corporation surged 20% to Rs 503.55 after the company announced that it has secured a major supply contract worth approximately Rs 477.5 crore from Hindustan Petroleum Corporation Limited (HPCL).