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HPCL share zooms 8% after firm logs Rs 3,018-crore profit in Q4 Average Gross Refining Margin during the year ended March 31, 2021, was $ 3.86 per barrel as against $ 1.02 per barrel during the corresponding previous year BusinessToday.In | May 21, 2021 | Updated 11:36 IST Representative Image Share of HPCL rose 8 per cent in the morning session to hit a fresh 52-week high of Rs 288.15 on BSE after the state-run oil retailer reported better than expected operating performance. The company reported a standalone net profit of Rs 3,017.96 crore for the quarter ended March 31. Profit in the December quarter stood at Rs 2,354.64 crore. The stock opened 5.8 per cent higher at Rs 282.00 against the previous close of Rs 266.45. The stock has gained 53 per cent in one year and risen 27 per cent since the beginning of this year. HPCL s share stands higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 39 ....
The company, which runs refineries at Mumbai and Visakhapatnam, earned USD 8.11 on turning every barrel of crude oil into fuel in January-March period. This is compared with a negative gross refining margin (GRM) of USD 1.23 per barrel ....
MUMBAI: Shares of Bharat Petroleum Corporation ( BPCL) were down 4.5% at Rs 433.25 at 1.30 pm on Wednesday after the oil marketer announced its second interim dividend, which was lower than analysts expectations. The state-owned company s board at its meeting on Tuesday declared an interim dividend of Rs 5 per share at a face value of Rs 10 per share. The record date for the dividend is March 27. We had believed a higher payout was possible considering stake sale in Numaligarh Refinery, sale of BPCL Trust Shares, which after adjusting for increased stake in Bina refinery implied Rs60/share of net proceeds, said Morgan Stanley, which has an overweight rating on BPCL with a target price of Rs 480. ....
URL copied Bharat Petroleum to sale its equity in Numaligarh Refinery Privatisation bound public sector refiner Bharat Petroleum Corporation Ltd (BPCL) said on Monday that its board has approved the proposal for sale of the company s equity shares in the Numaligarh Refinery Ltd (NRL) to a consortium of Oil India Limited and Engineers India Limited, along with the government of Assam. BPCL is selling its entire shareholding of 61.65 per cent in NRL to the consortium as part of its sell-off process that mandated separation of the Assam-based refinery before the strategic sale. As per the information shared with the stock exchanges, BPCL said that in case the government of Assam doesn t participate in the purchase of shares in NRL, its entire shareholding will be sold to the consortium. ....