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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1435.70 |
| Indian Oil Corp. | 146.85 |
| BPCL | 307.60 |
| HPCL | 396.25 |
| MRPL | 155.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: