HPCL shines on inking MoU with Rajasthan Government for setting up an oil refinery

Hindustan Petroleum Corporation Ltd. | Refineries | Oil & Gas | BSE: 500104 | NSE: HINDPETRO

06 Mar 2013 Evaluate

Hindustan Petroleum Corporation is currently trading at Rs 303.25, up by 2.75 points or 0.92% from its previous closing of Rs 300.50 on the BSE.

The scrip opened at Rs 301.55 and has touched a high and low of Rs 303.50 and Rs 301.50 respectively. So far 12807 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 275.30 on 26-Nov-2012.

Last one week high and low of the scrip stood at Rs 309.00 and Rs 287.20 respectively. The current market cap of the company is Rs 10175.75 crore.

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

Hindustan Petroleum Corporation (HPCL) would sign a memorandum of understanding (MoU) with Rajasthan Government on March 13, 2013 for setting up an oil refinery in the state. The decision to set up the refinery was taken at the board meeting of HPCL in Delhi on March 05, 2013.The Petroleum Minister M Veerappa Moily would also remain present on the occasion.

For a long time the decision to setup the oil refinery was pending and this would sum up as the biggest investment in the state that will accelerate economic development besides generating employment opportunities. Last month the state government had given its nod in principal to provide a financial package of Rs 3,376 crore to set up the refinery.

HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam, (east coast) with a capacity of 7.5 MMTPA.

HPCL Share Price

399.40 25.75 (6.89%)

06-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1437.85
Indian Oil Corp.	148.15
BPCL	314.15
HPCL	399.40
MRPL	156.85
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