HPCL News

The government has appointed interim chairmen for Indian Oil Corp and HPCL for three months as the current chairmen are retiring at the end of August. Satish Kumar Vaduguri and Rajneesh Narang will take over as interim heads of Indian Oil and HPCL, respectively, starting September 1.

Issue of Unsecured, Redeemable, Non-Convertible, Non-Cumulative, Taxable Debentures on Private Placement Basis

Investment in the project, which will convert crude oil into chemicals, underscores attempts at ramping up petrochemical capacities in India as it provides building blocks for everything from consumer goods to car parts.

Intimation regarding Issuance of Duplicate Share Certificate(s)

Intimation regarding Issuance of Duplicate Share Certificate(s)

Intimation regarding Loss of Share Certificate(s)

​​ Stock exchanges BSE and NSE have slapped fines on oil refining and fuel marketing giants Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), explorer Oil India Ltd (OIL), gas utility GAIL (India) Ltd, and refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) for not meeting the listing requirement in the April-June quarter.

Proceedings of 72nd Annual General Meeting of the Company

Voting results - 72nd Annual General Meeting (AGM) of the Company

Voting Results - 72nd Annual General Meeting (AGM) of the Company

Proceedings of 72nd Annual General Meeting of the Company

The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Clarification/ Confirmation on News item appearing in "Media/Publication"

Intimation regarding Issuance of Duplicate Share Certificate(s)

Intimation regarding Loss of Share Certificate(s)

The Exchange has sought clarification from Hindustan Petroleum Corporation Ltd on August 20, 2024, with reference to news appeared in https://www.livemint.com dated August 20, 2024 quoting " Indian Oil Corp, HPCL and BPCL consortium in talks with Equinor to secure LPG contract"

The reply is awaited.

Intimation regarding Loss of Share certificate

Intimation regarding Loss of Share Certificate(s)

The government is seeking applications for the HPCL CMD position via a search-cum-selection committee after previous candidates were rejected. Applications are open until September 14, targeting experienced engineers, chartered accountants, and cost accountants with advanced management degrees. The role will be vacant from September 1, 2024, following Pushp Kumar Joshi's retirement

Amid concerns over PSU valuations, both MFs and FIIs reduced their stakes in at least 13 PSU stocks in the June quarter, while small retail investors bought these stocks. Q1 data shows MFs sold stakes in 28 PSU stocks and FIIs in 30. Notably, retail investors increased their stake in HAL, a favorite defense PSU, despite MFs and FIIs reducing theirs.

The company is considering building an integrated refinery-cum-petrochemicals complex of 9-12 million tonnes per annum (mtpa) capacity in Andhra Pradesh. Based on the refinery's configurations, a 9 mtpa capacity would require about 800-1,000 acres of land.

On Sunday, a search-cum-selection panel interviewed nearly a dozen candidates to appoint a new chairman for Indian Oil Corporation (IOC). One unexpected candidate, Sandeep Gupta, joined the list of contenders. The current chairman, Shrikant Madhav Vaidya, is set to retire after his extension ends on August 31, 2024.

Prime Minister Narendra Modi has approved the extension of the Pradhan Mantri JI-VAN Yojana for another five years. The scheme supports bio-ethanol projects using lignocellulosic biomass. Union Minister Ashwini Vaishnaw highlighted upcoming plans for ethanol blending in aviation fuel. The scheme's financial outlay stands at Rs. 1969.50 crore until 2023-24.

Intimation regarding Loss of Share Certificate(s)

Life Insurance Corporation of India's equity portfolio has nearly doubled in three years to Rs 15.72 lakh crore. In the June quarter, LIC reduced stakes in 95 stocks, including Bank of Maharashtra, while increasing investments in firms such as Infosys and TCS. Fund managers advise rotating into value sectors for optimal returns.

Intimation regarding Issuance of Duplicate Share Certificate(s)

BHEL, REC, HPCL, Ceat, and BPCL, among others, have set August 9 as the record date for dividend eligibility. Today is the last day to purchase shares to qualify for these dividends.

Intimation regarding Loss of Share Certificate

Union Minister Hardeep Singh Puri discussed the ongoing Barmer, Rajasthan petroleum refinery project. A significant milestone was achieved with the installation of a massive dome roof for a Propylene Double Wall Tank. The joint venture by HPCL and the Rajasthan government aims to boost crude processing and reduce petrochemical imports, enhancing India's energy sector.

JSW MG Motor India announced new initiatives to support EV adoption, such as a charging platform and a battery reuse project. Collaborations with firms like Adani Total Energies aim to improve infrastructure. The 'eHUB by MG' and EVPEDIA platforms were introduced for EV education. Future MG cars will feature the MG-Jio Interactive Connectivity Platform.

Intimation regarding Loss of Share Certificate(s)

The Indian market was projected to open higher on Tuesday, driven by global optimism. The Nifty Future fell by 2.50% to 24,094 on Monday. Analysts outlined key trading ranges and provided stock recommendations, including ITC, Tata Motors, and HPCL, with target prices and stop losses for short-term investors.

Schedule of Analysts/ Institutional Investors Meet/ Conference

Schedule of Analysts/ Institutional Investors Meet/ Conference

Transcript- Conference Call

During the June quarter, retail investors increased their holdings in PSU stocks while mutual funds and FIIs reduced theirs. Stocks like Bharat Electronics Ltd, HAL, and RITES saw higher retail ownership. Analysts noted potential overvaluation in some sectors but highlighted the overall reasonable valuation of PSUs, driven by strong earnings growth and government reforms.

Hindustan Petroleum Corporation Ltd (HPCL) posted 90 per cent drop in profit to Rs 633.94 crore as compared to an earning of Rs 6,765.50 crore in April-June 2023 and Rs 2,709.31 crore in the preceding March quarter.

Intimation regarding Loss of Share Certificate(s)

Changes in Senior Management