HPCL soars as its arm plan to acquire stakes in two gas fields in Australia

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

29 Jan 2014 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 231.75, up by 4.30 points or 1.89 % from its previous closing of Rs. 227.45 on the BSE.

The scrip opened at Rs. 229.90 and has touched a high and low of Rs. 233.40 and Rs. 227.00 respectively. So far 22365 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 343.85 on 29-Jan-2013 and a 52 week low of Rs. 158.45 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 239.20 and Rs. 225.60 respectively. The current market cap of the company is Rs. 7729.17 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 32.71% and 16.18% respectively.

HPCL’s subsidiary Prize Petroleum has reportedly inked an agreement to buy stakes of Australian major AWE in two fields of that country. Prize Petroleum will acquire 11.25% interest in T/L1, part of BassGas infrastructure and Yolla field, and a 9.75% interest in T/18P of Trefoil field in Australia for $85 million. The field is held by a consortium in which Origin Energy, AWE and Toyota Tsusho are the major partners.

The fields are located in shallow water in Bass basin between mainland Australia and Tasmania offshore Victoria. In addition, the acquisition will also entail a stake in offshore platform, gas processing plant and a 147 kilometre subsea pipeline.

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

380.85 7.20 (1.93%)

06-May-2026 12:03 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1445.60
Indian Oil Corp.	144.15
BPCL	305.45
HPCL	380.85
MRPL	153.10
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