This project will increase the lube oil base stocks (LOBS) production from the current 475 KTPA to 764 KTPA, with the production of superior-grade Group II+ and Group III LOBS. Additionally, bitumen production will rise by approximately 487 KTPA with the upgrade of fuel oil to bitumen. The estimated cost of this project is Rs 4,679 crore with a mechanical completion schedule of 36 months and 3 months for commissioning from the date of board approval. HPCL is engaged in the business of refining crude oil and marketing petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons. The company's standalone net profit tumbled 87.67% to Rs 631.18 crore in Q2 FY25 as against Rs 5,118.16 crore posted in Q2 FY24. Net sales (excluding excise duty) grew by 4.29% year on year (YoY) to Rs 99,413.16 crore in the September 2024 quarter. Shares of Hindustan Petroleum Corporation shed 0.38% to Rs 405.45 on the BSE. Powered by Capital Market - Live

Hindustan Petroleum Corporation announced that consequent upon completion of tenure of office on 15 November 2024, Vimla Pradhan (DIN 09398793), Vivekananda Biswal (DIN 00977767), Bechan Lal (DIN 09397116) & Ramdarshan Singh Pal (DIN 09400298) have ceased to be Independent Directors of the Company effective 16 November 2024. Powered by Capital Market - Live

Net profit of Hindustan Petroleum Corporation declined 97.55% to Rs 142.67 crore in the quarter ended September 2024 as against Rs 5826.96 crore during the previous quarter ended September 2023. Sales rose 4.29% to Rs 99464.42 crore in the quarter ended September 2024 as against Rs 95371.27 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales99464.4295371.27 4 OPM %2.338.64 - PBDT1877.738690.31 -78 PBT348.197443.00 -95 NP142.675826.96 -98 Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd rose 3.18% today to trade at Rs 436.5. The BSE Oil & Gas index is up 0.63% to quote at 30321.23. The index is down 1.4 % over last one month. Among the other constituents of the index, Indian Oil Corporation Ltd increased 1.55% and Bharat Petroleum Corporation Ltd added 1.39% on the day. The BSE Oil & Gas index went up 58.31 % over last one year compared to the 22.93% surge in benchmark SENSEX. Hindustan Petroleum Corporation Ltd has added 6.4% over last one month compared to 1.4% fall in BSE Oil & Gas index and 1.6% drop in the SENSEX. On the BSE, 70965 shares were traded in the counter so far compared with average daily volumes of 3.92 lakh shares in the past one month. The stock hit a record high of Rs 457.2 on 05 Sep 2024. The stock hit a 52-week low of Rs 159.5 on 26 Oct 2023.Powered by Capital Market - Live

Hindustan Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd gained 4.08% today to trade at Rs 406.8. The BSE Oil & Gas index is up 0.9% to quote at 30428.39. The index is down 2.44 % over last one month. Among the other constituents of the index, Bharat Petroleum Corporation Ltd increased 2.64% and Indian Oil Corporation Ltd added 2.49% on the day. The BSE Oil & Gas index went up 63.77 % over last one year compared to the 23.82% surge in benchmark SENSEX. Hindustan Petroleum Corporation Ltd has lost 3.45% over last one month compared to 2.44% fall in BSE Oil & Gas index and 0.32% rise in the SENSEX. On the BSE, 60789 shares were traded in the counter so far compared with average daily volumes of 4.78 lakh shares in the past one month. The stock hit a record high of Rs 457.2 on 05 Sep 2024. The stock hit a 52-week low of Rs 159.5 on 26 Oct 2023.Powered by Capital Market - Live

This project is expected to provide strategic advantage for evacuation of products for the expanded capacity of Visakh Refinery after implementation of Visakh Refinery Modernisation Project in optimizing placement costs and enable product movements to eastern, central and northern parts of the country. Further, the company said that it has also revised the cost of Visakh Refinery Modernisation Project (VRMP) to Rs 30,609 crore with a mechanical completion by October 2024. The major units of VRMP are already commissioned and the Resid Upgradation facility will be commissioned shortly. With the completion of the VRMP project, Visakh refinery will operate to its full capacity of 15 million metric tonnes per annum (MMTPA) including bottom upgradation facilities,' the company stated in the press release. Meanwhile, HPCL has appointed K Vinod as the chief financial officer (CFO) of the company, effective from 11 September 2024. K Vinod is a Chartered Accountant and has held senior positions in the company and handled various areas of finance covering refinery finance, corporate strategy & planning, international trade, oil price risk management, integrated margin management, SBU commercial, corporate finance & treasury etc. and has over three decades of experience. HPCL is engaged in the business of refining of crude oil and marketing of petroleum products. It operates through two segments: downstream, and exploration and production of hydrocarbons. The company reported a standalone net profit of Rs 355.80 crore in Q1 FY25, registering a de-growth 94.26% as against with Rs 6,203.90 crore posted in Q1 FY24. Revenue from operations (excluding excise duty) rose 1.56% to Rs 1,13,303.57 crore in the quarter ended June 2024 as against with Rs 1,11,567.43 crore posted in the corresponding quarter previous year. Shares of Hindustan Petroleum Corporation added 0.34% to Rs 411 on the BSE. Powered by Capital Market - Live

The Board of Hindustan Petroleum Corporation at its meeting held on 11 September 2024 has approved the following - 1. Approval of Visakh Raipur Pipeline Project Investment Approval for construction of Pipeline from Visakh to Raipur and allied facilities including Depot at Kantabanji at an estimated cost of Rs.2212 Crore. This project is expected to provide strategic advantage for evacuation of products for the expanded capacity of Visakh Refinery after implementation of Visakh Refinery Modernisation Project in optimizing placement costs and enable product movements to eastern, central and northern parts of the country. 2. Visakh Refinery Modernization Project (VRMP) revision in Cost and completion schedule Revision in the cost of VRMP to Rs. 30,609 crore with a mechanical completion by October 2024. The major units of VRMP are already commissioned and the Resid Upgradation facility will be commissioned shortly. With the completion of the VRMP Project, Visakh Refinery will operate to its full capacity of 15 MMTPA including bottom upgradation facilities. Powered by Capital Market - Live