Tag Archives: HPCL

Rajasthan government to sign new MoU with HPCL for Barmer refinery

JAIPUR: The Rajasthan government is all set to sign a new Memorandum of Understanding (MoU) with HPCL by next month for the much awaited oil refinery in Barmer. Replying to the Finance and Appropriation Bill, 2017 in the Assembly, Chief … Continue reading

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GAIL seeks ethane import from US for $5-billion petrochemical plant

NEW DELHI: State-owned gas utility GAIL India plans to import ethane from countries like the US for a USD 5 billion petrochemical plant it is setting up in Andhra Pradesh jointly with Hindustan Petroleum Corp Ltd ( HPCL ). GAIL … Continue reading

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Oil to stay below $70/bbl if Iran sanctions lifted: HPCL

NEW DELHI: Indian state refiner Hindustan Petroleum Corp said on Friday it expects global oil prices to ease and stay below $70 per barrel if the United States lifts sanctions against Iran. India, the world’s third largest oil consumer and … Continue reading

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HPCL, Mittal ready $3 billion to set up Bhatinda petchem unit

NEW DELHI: State-owned Hindustan Petroleum Corporation Ltd ( HPCL ) and its partner Lakshmi N Mittal will invest about USD 3 billion in setting up a petrochemical complex at their Bhatinda refinery in Punjab. HPCL-Mittal Energy Ltd (HMEL), a joint … Continue reading

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Indefinite strike by HPCL contractual workers

MORIGAON (ASSAM): Contractual workers of Hindustan Paper Construction Limited ( HPCL ) today resorted to indefinite strike to protest against non-payment of their due salaries. More than 200 contractual workers of HPCL’s Jagiroad Paper Mill today began their strike to … Continue reading

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EIL officials took 2,549 overseas trips in 3 years

Officers of Engineers India, a relatively smaller company among the state-owned firms under the oil ministry, have taken the most number of trips abroad in the last three years. As many as 2,549 trips by engineering consultancy firm’s officers between … Continue reading

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ONGC repays a third of loan taken to buy HPCL

NEW DELHI: State-owned Oil and Natural Gas Corp ( ONGC ) will not sell its stake in IOC and GAIL in the near future as it has used internal resources to repay close to a third of the Rs 24,881 … Continue reading

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ONGC board gives nod to explore group restructuring options

The board of state-owned Oil and Natural Gas Corp ( ONGC ) has given in-principle approval for exploring options for a restructuring of the group firms including the merger of subsidiaries MRPL and HPCL . The India’s largest oil and … Continue reading

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HPCL relents, govt recognises ONGC as company promoter

Hindustan Petroleum Corp Ltd ( HPCL ) has for the last 15 months refused to recognise its majority shareholder ONGC as its promoter but the government has now for all practical purposes started giving the company its due recognition. Government … Continue reading

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