HPCL

Kaushal to be the first head of a state-owned oil major from the private sector, to take an 80 per cent pay cut

Public sector oil marketing firm HPCL on Wednesday launched a co-branded diesel exhaust fuel 'Genuine DEF' in collaboration with Tata Motors. The co-branded diesel exhaust fuel will be available across 23,000 fuel stations of the Hindustan Petroleum Corporation Limited (HPCL) pan-India as well as over 2,000 authorised outlets of Tata Motors. The high quality Diesel Exhaust Fluid (DEF) solution will drive optimal vehicle performance, boost drivetrain efficiency, and extend the vehicle's longevity. "Our partnership with Tata Motors for co-branded Diesel Exhaust Fluid is a significant step toward reducing emissions and supporting cleaner transportation solutions," said Amit Garg, Director of marketing at HPCL. An essential component for modern 856-compliant diesel vehicles, DEF helps in reducing harmful emissions by breaking down potentially harmful nitrogen into safer and cleaner nitrogen and water. By using the co-branded Genuine DEF, Tata Motors customers can conveniently enhance

US-based aircraft maker Boeing on Friday said it has partnered with state-owned oil marketing firm HPCL for a sustainable aviation fuel ecosystem in the country. As part of this partnership, the two companies will explore opportunities to scale SAF (sustainable aviation fuel) production in the domestic market, support the certification of domestically produced SAF, and advocate for policies to develop a robust SAF ecosystem in the country, Boeing said in a statement. According to global airlines body International Air Transport Association (IATA), India has the potential to be a key producer of SAF by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils. IATA represents around 340 airlines, including Indian carriers that account for more than 80 per cent of the global air traffic. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of SAF

Stocks to Watch on February 12, 2025: Investors will keep a watch on Berger Paints, Vi, SAIL after their Q3 numbers. They will also eye other stocks such as NBCC, NTPC and others

India is raising its crude processing capacity as the world's third-largest oil importer and consumer wants to be a major global refining hub while its fuel demand is expected to continue growing

Stocks to Buy Today, Jan 30: Nifty is recovering amid choppy conditions and approaching its critical resistance at 23,300 (20-DEMA)

Profit was also up quarter-on-quarter when compared with Rs 142.67 crore earning in July-September 2024

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

Stocks to Watch, Jan 10, 2025: TCS, IREDA, Tata Elxsi will be in focus post their Q3 results, also, Swiggy, Zomato, Vi and others will be on the radar

Amazon India on Monday said it has signed an initial pact with state-owned Hindustan Petroleum Corporation Ltd for pushing the development and adoption of Low Carbon Fuels (LCFs) for long-haul transportation in India. Under the collaboration, HPCL and Amazon will conduct a pilot to test fuels in the latter's long-haul transport vehicles and explore the possibilities of fuelling hubs and mobile refuelling stations for easy access to LCFs, Amazon India said. This alliance marks a significant step towards reducing carbon emissions in the transportation sector and also aligns with Amazon's global commitment to achieving net-zero carbon across its operations by 2040, contributing to India's national goal of net-zero carbon by 2070, Amazon India said. "Biofuels are key to India's energy transition and are set to contribute to jobs and economic growth. Amazon's collaboration with HPCL is a step toward empowering this transformational shift. "In line with The Climate Pledge's global goal t

State-owned Hindustan Petroleum Corporation Ltd (BPCL) on Friday reported a massive 97.5 per cent drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk. HPCL reported a consolidated net profit of Rs 142.67 crore in July-September -- the second quarter of the current 2024-25 fiscal year -- compared to a profit of Rs 5,826.96 crore a year back, according to a stock exchange filing by the company. Net profit also declined sequentially, when compared to an earning of Rs 633.94 crore in the April-June period. Pre-tax earnings from downstream fuel retailing businesses slumped to Rs 1,285.96 crore from Rs 6,984.60 crore in July-September 2023. The company and other state-owned fuel retailers -- Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (HPCL) -- had last year made extraordinary gains from holding petrol and diesel prices despite a drop in cost. The price freeze was justified in the name of recovering losses BPCL and the

Technical chart shows that the key momentum oscillators for these 5 NSE stocks have turned negative; In case of a pullback, here are the key resistance levels for these 5 stocks.

A fall in oil prices is beneficial to OMCs as their costs for acquiring crude oil for refining drop

HPCL share price today hit a record high of Rs 447.65 per share as it rallied 5 per cent on the BSE in Wednesday's intraday trade

The government on Wednesday named interim chairmen for top oil firms, Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL), as appointment of full-time heads is work in progress. Satish Kumar Vaduguri, Director (Marketing), IOC has been appointed interim chairman of the company for three months starting September 1, an oil ministry order said. He replaces Shrikant Madhav Vaidya who completes his extended term at month-end. In a separate order, the ministry appointed Rajneesh Narang, Director (Finance), HPCL as the chairman and managing director of the company for three-month period starting September 1. He would replace Pushp Kumar Joshi who superannuates on completion of 60 years of age on August 31. With government headhunter PESB not finding anyone suitable, three-member search-cum-selection committees are looking for heads at both IOC and HPCL. On August 11, the panel interviewed nearly a dozen candidates and is learnt to have zeroed in on Sandeep Gupta

Gross refining margins fell to $5.03 per barrel even as market sales rose

The government headhunter PESB has rejected all candidates it interviewed for the top job at Hindustan Petroleum Corporation Ltd (HPCL), the third instance in as many years that the board has not found any suitable candidate for the role in a state oil firm. The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd (IGL), but rejected them all. "The Board did not recommend any candidate for the post of chairman and managing director (CMD) HPCL and advised the Ministry of Petroleum & Natural Gas to choose an appropriate course of further action for selection, including the Search-Cum-Selection Committee (SCSC) or as deemed appropriate with the approval of the competent authority," the PESB panel said in a notification. The HPCL CMD post will fall vacant on September 1, 2024, when the incumbent Pushp Kumar Joshi retires on attaining a superannuation age of 60 years. The .

MG Motor India on Wednesday said it has joined hands with Hindustan Petroleum Corporation Ltd (HPCL) to expand EV charging infrastructure across the country. As per the collaboration, MG and HPCL will together install 50kW/60kW DC fast chargers at key locations covering highways and cities across India, the automaker said in a statement. The partnership focuses on providing convenience to EV users by increasing the availability of EV chargers during their long distance and intercity commutes, it added. "HPCL's vast network and significant presence in India will ensure that existing and prospective EV users across the country have convenient access to our charging solutions," MG Motor India Chief Growth Officer Gaurav Gupta said. HPCL Chief General Manager - Highway Retailing Rajdip Ghosh said the company has a nationwide network of over 22,000 fuel stations and is committed to a sustainable future by providing green fuel to the customers. Furthermore, HPCL aims to install 5,000 ..

State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd reported bumper profits totalling about Rs 81,000 crore in FY24, which far exceeded their annual earning in pre-oil crisis years. The combined standalone net profit of IOC, BPCL and HPCL in April 2023 to March 2024 (FY24) was better than their annual earning of Rs 39,356 crore in pre-oil crisis years, regulatory filings by them showed. All the three companies posted the highest ever standalone as well as consolidated net profit in FY24. The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that they needed to recoup losses incurred in the year when they kept rates lower than cost. IOC in 2023-24 posted a standalone net profit of Rs 39,618.84 crore, according to the company's regulatory filing. Thi