Hindustan Petroleum Corp Ltd

Saturday, Apr 20, 2024 | Last Update : 04:56 AM IST

Hindustan Petroleum Corp Ltd

Oil marketing companies shares drop 13%. (PTI Photo)

Oil marketing companies shares drop 13%, after hike in excise duty on petrol, diesel

Hindustan Petroleum Corporation Ltd shares tanked 13 percent, Bharat Petroleum plunged 9.99 percent and Indian Oil dropped 7.49 percent

07 May 2020 9:24 AM

In the revised shareholding, under the 'statement showing the shareholding pattern of the Promoter and Promoter Group', it listed ONGC as a promoter with 77.88 crore shares or 51.11 per cent stake just below President of India with 'zero' shares.

HPCL files revised shareholding; lists ONGC as promoter

Securities and Exchange Board of India had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019.

14 Aug 2019 3:32 PM

Supreme Court has mandated that you cannot sell petroleum coke and so to produce fuel without any such residue requires the use of best in class technology and will cost more, an official said. (Photo: Representational)

India looking at cutting west coast refinery capacity as cost escalates to USD 60 bn

Meeting stringent environment norms such as not producing petroleum coke, and relocation of the plant has jacked up the cost.

06 Aug 2019 6:25 PM

In a regulatory filing HPCL made to stock exchanges on July 21, in the shareholding for the quarter ending June 30, 2019, HPCL again listed ONGC as "public shareholder" and not as its promoter.

HPCL refuses to recognise ONGC as its promoter

Oil and Natural Gas Corp in January last year bought the government's entire 51.11 pc stake in HPCL for Rs 36,915 crore.

23 Jul 2019 12:33 PM

ONGC acquired the government's 51.11 percent stake in HPCL in January 2018 at Rs 473.97 per share. The same share of HPCL on Friday closed at Rs 282.60, a massive 40 percent loss in value in 15 months.

HPCL-MRPL merger hits cash hurdle; ONGC rules out share-swap

ONGC, India's biggest oil and gas producer, last year completed acquisition of Hindustan Petroleum Corp Ltd for Rs 36,915 crore.

28 Apr 2019 2:15 PM

ONGC bought govt's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. HPCL thereafter became its subsidiary but HPCL management has continuously refused to recognise ONGC as its promoter.

HPCL doesn't see ONGC as promoter, to face real test in selecting directors

In a regulatory filing, HPCL on April 18 listed 'President of India' as its promoter with 'zero' shareholding.

21 Apr 2019 1:29 PM

State-owned Oil and Natural Gas Corp (ONGC) has asked refiner Hindustan Petroleum Corp Ltd (HPCL) to rectify its stock exchange filings to reflect the true promoter after government exit.

ONGC asks HPCL to rectify promoter classification

HPCL still lists 'President of India' as the promoter even with 'zero' per cent shareholding.

05 Aug 2018 12:09 PM

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

Centre gets Cabinet’s nod for HPCL stake sale

ONGC to acquire stake in a potential Rs 28,000-crore deal.

20 Jul 2017 2:20 AM

HPCL decides to resume work on Rajasthan oil refinery

The work was resumed after board agreed on reduced fiscal incentives from the state government.

17 Apr 2017 8:19 PM

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Shobhaa De