Hindustan Petroleum Corporation’s (HPCL) board is going to consider share buyback plan on November 4, as the company management feels the share price is lower than the value it deserves. HPCL, a subsidiary of state-owned Oil and Natural Gas Corp (ONGC), has no immediate history of a share buyback.
Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.
