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Tata Power on Thursday said it has inked MoU with state-run oil marketing company Hindustan Petroleum (HPCL) for setting up commercial-scale electric vehicle (EV) charging stations at latter's retail outlets and other locations across the country.

Tata Power, HPCL join hands to set up EV charging stations

Both the entities also intend to additionally explore areas of opportunities & collaboration in related fields like renewable energy.

27 Sep 2018 1:31 PM

State-owned Oil and Natural Gas Corp (ONGC) will not sell its stake in IOC and GAIL in the near future as it has used internal resources to repay close to a third of the Rs 24,881 crore loan it had taken to buy Hindustan Petroleum Corp Ltd (HPCL), people with direct knowledge of the matter said.

ONGC repays a third of loan taken to buy HPCL

ONGC had in January received government approval to sell its 13.77 per cent stake in Indian Oil Corp.

19 Aug 2018 3:58 PM

ONGC had in January this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore.

HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter

ONGC seeking recognition as the promoter of the company post-acquisition of majority stake in HPCL.

09 Aug 2018 1:16 PM

Iran piped Saudi Arabia to become the second largest supplier of crude oil as Indian firms took advantage of steeper discounts offered by Tehran.

Despite U.S. Pressure, Iran No. 2

State firms that buy oil from Iran include MRPL, Indian Oil and HPCL.

24 Jul 2018 5:59 AM

The battle over lucrative pipelines supplying jet fuel to Mumbai airport is hotting up with a powerful formation of Reliance Industries and private airlines Jet Airways and Emirates trying to break the stranglehold of PSU oil firms BPCL and HPCL. (Photo: PTI)

Reliance vs PSUs: Battle for pipelines to supply jet fuel in Mumbai hots up

Reliance, which produces a fourth of India's aviation turbine fuel, wants access to the pipelines.

15 Jul 2018 11:28 AM

The GST was controversial because of the high and multiple rates imposed on the businesses and the consumers, but the hope was that it would make tax collection easier and evasion more difficult.

Govt giving false hopes on economy

The government’s actions are around creating a feel good tactic rather than a serious economic effort.

05 Jul 2018 12:23 AM

Prior to the stake sale, the government made it clear that HPCL would continue to be a central public sector enterprise.

ONGC to nominate one govt director on HPCL board

Till now HPCL had two government nominee directors - Rath and Sandeep Poundrik.

29 May 2018 2:40 PM

Total expenses rose 13.8 per cent to 646.21 billion rupees, while income from operations rose 13 per cent to 663.51 billion rupees.

HPCL fourth-quarter profit falls nearly 4 per cent

Net profit was 17.48 billion rupees in the three months ended March 31, compared with 18.19 billion rupees.

23 May 2018 8:30 AM

As per the April agreement, Aramco is to supply half of the crude oil required for processing at the refinery that will be commissioned by 2025.

Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM

The government has not asked state-owned oil firms so far to avoid raising the retail price of petrol and diesel in view of next month's elections in Karnataka, heads of IOC and HPCL said on Wednesday.

Oil companies say no directive from govt to defer price hike

Shares of IOC fell as much as 7.6 per cent after the news of government asking oil firms to not raise prices broke.

11 Apr 2018 7:45 PM

At present, the HPCL is meeting the demand through sharing filling capacity from other LPG bottling plants/private bottlers. (Photo: PTI)

HPCL gets green nod to set up Rs 136 crore LPG plant in Bihar

Govt's aim is to increase LPG penetration to 75 pc by addition of 5.5 crore new LPG connections till 2019-20.

06 Apr 2018 2:51 PM

ONGC holds 13.77 per cent stake in nation's biggest refiner Indian Oil Corp (IOC), which at today's trading price is worth close to Rs 26,000 crore.

ONGC to sell OPaL stake to fund HPCL buy

ONGC had borrowed money from banks to buy government's 51.11 per cent stake in HPCL for Rs 36,915 crore.

09 Mar 2018 4:16 PM

The acquisition will bring synergies between both the companies.

ONGC seeks shareholder nod for HPCL deal

ONGC bought entire shareholding of the government of India in HPCL at Rs 473.97 per share.

01 Mar 2018 2:06 PM

Moody's expects that the company will not be asked to share fuel subsidies as long as the oil prices stay below USD 60-65 per barrel.

Moody's affirms ONGC's stable ratings following HPCL buy

Moody's Investors Service, affirmed ONGC 'Baa1' local and foreign currency issuer ratings.

31 Jan 2018 11:11 AM

ONGC holds 13.77 per cent stake in nation's biggest refiner Indian Oil Corp (IOC), which at today's trading price is worth over Rs 26,200 crore.

ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL buy

ONGC is funding the Rs 36,915 cr acquisition of govt's 51.11 pc stake in oil refining and marketing firm HPCL.

23 Jan 2018 2:23 PM

Oil Minister Dharmendra Pradhan. (Photo: PTI)

Pradhan justifies exempting ONGC from open offer for HPCL

HPCL will continue to remain a central public sector enterprise by virtue of govt holding majority stake in ONGC.

23 Jan 2018 10:14 AM

ONGC holds 71.63 per cent stake in MRPL, HPCL has 16.96 per cent.

HPCL may acquire MRPL in cash, share-swap deal

India's biggest oil and gas producer, last week announced acquisition of HPCL for Rs 36,915 crore.

22 Jan 2018 2:18 PM

Shares of ONGC opened on a bullish note at Rs 199, then surged 6.40 per cent to an early high of Rs 206 on BSE.

ONGC stock jumps 6 pc on 51.11 pc stake acquisition in HPCL

ONGC will pay Rs 473.97 per share for 77.8 crore shares of government in HPCL.

22 Jan 2018 11:24 AM

ONGC's share had closed at Rs 193.60 on BSE on Friday, down 0.23 per cent over its previous close.

ONGC to acquire govt stake in HPCL for Rs 36,915 crore

ONGC will pay govtRs 473.97 per share, a premium of over 10 per cent of 60-days weighted average of HPCL's scrip.

20 Jan 2018 5:22 PM

The HPCL justified the action based on the reports produced in the court.

No relief for Thane petrol pump owners

The HPCL issued show cause notices to the concerned petrol pumps.

14 Dec 2017 1:31 AM

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Shobhaa De