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HPCL rises on plan to invest $3.8 billion to ramp up its refining capacity

21 Apr 2016 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 854.10, up by 8.05 points or 0.95% from its previous closing of Rs. 846.05 on the BSE.

The scrip opened at Rs. 850.00 and has touched a high and low of Rs. 861.00 and Rs. 844.65 respectively. So far 22153 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 991.00 on 10-Aug-2015 and a 52 week low of Rs. 556.65 on 07-May-2015.

Last one week high and low of the scrip stood at Rs. 875.00 and Rs. 838.65 respectively. The current market cap of the company is Rs. 28801.94 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 33.30% and 15.59% respectively.

HPCL is planning to invest around $3.8 billion to ramp up its refining capacity by two-thirds this decade, to meet cleaner fuel standards as the country's oil demand soars. The company aims to raise its capacity to process about 500,000 barrels per day (bpd) of crude.

The company is aiming to boost the capacity of its Mumbai refinery to 190,000 bpd by July 2019 from 130,000 bpd, while the Vizag refinery in India's south will ramp up to 300,000 bpd from 166,000 bpd by July 2020.

Further, the company will also revamp its gasoline and diesel production units to meet rules on producing cleaner fuels from 2020.

HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam (east coast).

 

HPCL Share Price

397.50 -1.90 (-0.48%)
07-May-2026 13:27 View Price Chart
Peers
Company Name CMP
Reliance Industries 1439.50
Indian Oil Corp. 147.25
BPCL 308.00
HPCL 397.50
MRPL 156.30
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