Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 410.10, up by 3.95 points or 0.97% from its previous closing of Rs. 406.15 on the BSE.
The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 413.80 and Rs. 400.30 respectively. So far 65296 shares were traded on the counter.
The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 32.76% and 16.13% respectively.
Hindustan Petroleum Corporation (HPCL) is planning to ink fresh memorandum of understanding (MoU) with the Rajasthan Government to revive its Rs 37,230-crore refinery-cum-petrochemical complex plan in Rajasthan’s Barmer district.
Earlier in December 2013, Rajasthan Government had raised objections to the fiscal concessions proposed for the nine-million-tonne project.
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.
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