MoneyWorks4Me

HPCL enters into strategic pact with Airtel Payments Bank

02 Aug 2017 Evaluate

Hindustan Petroleum Corporation (HPCL) has entered into a strategic pact with Airtel Payments Bank, a subsidiary of Bharti Airtel, to enable its customers to avail banking services such as opening new accounts and making cash withdrawals at HPCL’s 14,000 fuel stations.

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.


Peers
Company Name CMP
Reliance Industries 1223.30
Indian Oil Corpn. 128.55
Bharat PetroleumCorp 293.55
HPCL 348.40
MRPL 174.85
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