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HPCL gains on buzz to pick 25% stake in proposed 60 MT refinery on west coast

16 Nov 2016 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 449.10, up by 4.95 points or 1.11% from its previous closing of Rs. 444.15 on the BSE.

The scrip opened at Rs. 448.00 and has touched a high and low of Rs. 457.85 and Rs. 443.10 respectively. So far 1,12,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 471.00 on 30-Oct-2016 and a 52 week low of Rs. 211.79 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs. 466.85 and Rs. 403.65 respectively. The current market cap of the company is Rs. 45,592.77 crore.

The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 29.56% and 19.33% respectively.

HPCL, one of the leading petroleum products retailers in the country, is reportedly willing to take 25% equity stake in the proposed 60 million tonnes (MT) refinery on the west coast that the state oil companies plan to build. The proposed refinery-cum-petrochemicals complex will cost about Rs 150,000 crore.

Indian Oil Corporation (IOC), the largest of the three oil companies partnering for the project, will take 50% stake in the proposed refinery. Bharat Petroleum Corporation (BPCL) will take another 25%.

HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.

HPCL Share Price

387.00 -9.25 (-2.33%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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