SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HPCL to invest up to Rs 700 crore for setting up second LPG storage facility: Report

30 Jan 2013 Evaluate

State-run oil marketing firm Hindustan Petroleum Corporation (HPCL) is reportedly planning to invest Rs 600-700 crore for establishing its second underground liquefied petroleum gas (LPG) storage facility in Mangalore. The company could appoint its partner, Total SA of France, to build the cavern.

Among the three oil marketing companies (OMCs), IndianOil Corp holds 48 per cent of LPG market share, while Bharat Petroleum Corporation and HPCL’s market share stand at 26 per cent each.

HPCL Share Price

396.25 -3.15 (-0.79%)
07-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1435.70
Indian Oil Corp. 146.85
BPCL 307.60
HPCL 396.25
MRPL 155.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×