Hindustan Petroleum Corporation Limited (HPCL) has delivered solid results for the first quarter of fiscal year 2024-25 (1QFY25), despite facing challenging market conditions. The company’s standalone revenue from operations for 1QFY25 was ₹1,20,859 crore, a slight increase from ₹1,19,044 crore recorded in the same period of the previous fiscal year. However, HPCL’s profit after tax […]
Hindustan Petroleum Corporation Limited (HPCL) has posted a groundbreaking revenue of ₹ 102,618 crore for the Jul-Sep 2023 quarter, further cementing its robust financial position with revenues reaching ₹ 2,21,662 crore for Apr-Sep 2023. Historic Profit After Tax Marked by HPCL in 2023 In an unparalleled financial upswing, HPCL reported its highest ever consolidated Profit […]
Indian state-owned Oil and Natural Gas Corporation (ONGC) has unveiled its latest strategic move, entering into an agreement to supply crude oil from its Mumbai offshore fields to Hindustan Petroleum Corporation Ltd (HPCL). Following its recent pact with Bharat Petroleum Corporation Limited (BPCL), ONGC now forges another significant partnership, reinforcing its commitment to term contracts […]
Hindustan Petroleum Corporation Limited (HPCL) has made headlines with its announcement of a Decadal High Quarterly Standalone Profit after Tax (PAT) of ₹6,204 crore for the period Apr-Jun 2023, an astonishing increase of 192% over ₹3,223 crore PAT reported during Q1 FY24. Compared to a Standalone Net Loss of ₹10,197 crore during the corresponding period […]
REC Limited, a Maharatna CPSU under the Ministry of Power, has extended a substantial loan of INR 4,785 crores to HPCL Rajasthan Refinery Limited (HRRL) to finance the establishment of a greenfield refinery and petrochemical complex in the Barmer district of Rajasthan. The loan constitutes part of a larger consortium arrangement amounting to INR 48,625 […]
Hindustan Petroleum Corporation Limited (HPCL) has posted a standalone profit after tax (PAT) of INR 3,223 crores during the fourth quarter of the fiscal year 2023 (Q4 2023), an increase of 80% compared to INR 1,795 crores during the corresponding quarter of the previous fiscal year. The consolidated profit after tax during the January to […]
Hindustan Petroleum Corporation Ltd. (HPCL) has entered into the petrochemicals business with pre-marketing of a new polymer brand called HP DURAPOL. According to the Indian government-owned Indian oil and gas refining company, this is a pre-cursor to the marketing of the petrochemical products to be produced at HPCL Rajasthan Refinery Limited (HRRL). HPCL said that […]
3i Infotech Limited has won a digital infrastructure managed services (DIMS) contract worth around INR 51 crores from Hindustan Petroleum Corporation Limited (HPCL). Under the three year-contract, 3i Infotech will be responsible for managing and supporting the IT Infrastructure of the Indian government-owned refiner. The contract covers HPCL’s refinery, offices, and retail units in more […]
Hindustan Petroleum Corporation Ltd (HPCL) said that Dr. Pushp Kumar Joshi has taken over as the company’s new chairman and managing director (MD). Previously, Dr. Pushp Kumar Joshi was the HR director of the Indian state-owned petroleum company since August 2012. He also has the additional charge of the director of marketing of HPCL. Throughout […]
Gulshan Polyols Limited said that it entered into a long-term offtake agreement with oil marketing companies (OMCs) such as IOCL, BPCL, and HPCL for the supply of 3.96 crores litres per annum of indigenous denatured anhydrous ethanol for Assam under the Ethanol Blending Petroleum Program. As per the offtake agreement, the supply will begin within […]