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HPCL resumes oil supplies to Kingfisher Airlines

09 Mar 2012 Evaluate

State-owned Hindustan Petroleum Corp (HPCL) has resumed oil supplies to Kingfisher Airlines after the debt laden airline agreed to pay for daily fuel off-take.

HPCL, which is Kingfisher’s biggest aviation fuel supplier, had stopped refueling Vijay Mallaya-run airline on March 7, 2012 evening. It decided to resume supplies after hectic negotiations.

Kingfisher, which owes Rs 515-520 crore in fuel bills along with interest, had not been honouring its daily fuel bills, prompting the state-owned oil firm to snap supplies. Kingfisher accounts for 47% of HPCL’s total jet fuel sales.

HPCL Share Price

396.25 -3.15 (-0.79%)
07-May-2026 16:01 View Price Chart
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Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 146.85
BPCL 307.60
HPCL 396.25
MRPL 155.40
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