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HPCL soars on raising $500 million through overseas bond sale

10 Jul 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 509.15, up by 8.50 points or 1.70% from its previous closing of Rs. 500.65 on the BSE.

The scrip opened at Rs. 501.00 and has touched a high and low of Rs. 509.95 and Rs. 501.00 respectively. So far 170264 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 584.45 on 14-Feb-2017 and a 52 week low of Rs. 341.33 on 08-Jul-2016.

Last one week high and low of the scrip stood at Rs. 524.90 and Rs. 498.70 respectively. The current market cap of the company is Rs. 51667.75 crore.

The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 26.46% and 22.43% respectively.

HPCL has raised up to $500 million with its first ever overseas bond sale. The company has sold a 10-year, fixed-rate, unsecured dollar bond with a 4 percent coupon payable semi-annually and a maturity date of July 2027.

The notes are rated Baa3 by Moody's and BBB- by Fitch. India's third biggest state-owned refiner will use the proceeds to fund capital expenditure.

HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

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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