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HPCL spurts on unveiling its investment plans

08 Mar 2013 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs 310.75, up by 7.85 points or 2.59% from its previous closing of Rs 302.90 on the BSE.

The scrip opened at Rs 303.00 and has touched a high and low of Rs 311.50 and Rs 303.00 respectively. So far 113070 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 307.50 and Rs 291.00 respectively. The current market cap of the company is Rs 10531.31 crore.

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

State-owned Hindustan Petroleum Corporation (HPCL) is planning to invest Rs 37,000 crore in setting up a nine million tonne oil refinery and a petrochemical complex at Barmer in Rajasthan. In this regard, the company is likely to sign Memorandum of Understanding (MoU) with the Rajasthan government March 13.

The company’s board earlier this week approved setting up of the complex costing Rs 37,000 crore. Also, it approved expansion of the Bhatinda refinery in Punjab from 9 million tonne to 11.2 million tonnes.

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

373.85 -0.75 (-0.20%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1462.95
Indian Oil Corp. 142.30
BPCL 301.80
HPCL 373.85
MRPL 159.50
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