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HPCL inks pact to acquire stake in HPCL Shapoorji Energy from S P Ports

30 Mar 2021 Evaluate

Hindustan Petroleum Corporation (HPCL) has entered into a Share Purchase Agreement (SPA) for acquisition of shares of HPCL Shapoorji Energy, an Associate Unlisted Company of HPCL, from S P Ports, a Joint Venture Partner. The LNG Terminal Project of the Target Entity is expected to bring long-term value to the company being a growing segment of the energy basket of the nation. The acquisition is expected to be completed by March 31, 2021.

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.

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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