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HPCL surges on the buzz to invest up to Rs 700 crore for setting up second LPG storage facility

30 Jan 2013 Evaluate

HPCL is currently trading at Rs. 336.25, up by 3.35 points or 1.01% from its previous closing of Rs. 332.90 on the BSE.

The scrip opened at Rs. 334.15 and has touched a high and low of Rs. 339.90 and Rs. 333.05 respectively. So far 69099 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 381.40 on 18-Jan-2013 and a 52 week low of Rs. 275.00 on 27-Feb-2012.

Last one week high and low of the scrip stood at Rs. 366.35 and Rs. 329.35 respectively. The current market cap of the company is Rs. 11462.53 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 32.16% and 16.73% respectively.

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

377.70 6.75 (1.82%)
20-Apr-2026 12:31 View Price Chart
Peers
Company Name CMP
Reliance Industries 1370.10
Indian Oil Corp. 146.20
BPCL 314.85
HPCL 377.70
MRPL 180.55
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