HPCL gains on inking JVA for setting up 9 MMTPA grass root refinery cum petrochemical complex

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

12 Jul 2013 Evaluate

HPCL is currently trading at Rs. 231.65, up by 1.20 points or 0.52% from its previous closing of Rs. 230.45 on the BSE.

The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 233.25 and Rs. 229.50 respectively. So far 23948 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. 228.10 on 10-Jul-2013.

Last one week high and low of the scrip stood at Rs. 253.00 and Rs. 228.10 respectively. The current market cap of the company is Rs. 7785.04 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 32.87% and 16.02% respectively. Hindustan Petroleum Corporation (HPCL) has inked a joint venture agreement (JVA) with Government of Rajasthan on July 11, 2013 for setting up a 9 MMTPA grass root refinery cum petrochemical complex at an estimated cost of Rs 37,230 crores at Pachpadra in Barmer district in the state of Rajasthan. HPCL and Government of Rajasthan will hold equity of 74% and 26% respectively.

A memorandum of understanding has already been signed between the company and Government of Rajasthan on March 14, 2013 stipulating broad parameters for the implementation of the project. Detailed Feasibility Study, Financial appraisal, Economic Impact assessment study, etc have been completed.

The proposed 9 MMTPA grass root refinery cum petrochemical complex will source crudes from Rajasthan Oil fields and other imported crudes. This refinery is expected to be completed in 4 years and will have substantial positive impact on the economy of Rajasthan state. This refinery will produce various petroleum and petro-chemical products.

HPCL Share Price

374.30 0.45 (0.12%)

05-May-2026 14:33 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1460.30
Indian Oil Corp.	142.30
BPCL	299.30
HPCL	374.30
MRPL	156.60
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