Hindustan Petroleum Corporation

J V operation from Feb 2011

Posted by : rvk41
Price when posted : BSE: Rs 222.80 ( -2.47 % ), NSE: Rs. 222.85 ( -2.56 % )

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Guru Gobind Singh Refineries, being commissioned at Bathinda by a HPCL-Mittal Energy joint venture (JV), is expected to be operational by February, 2011 instead of 2012.

The 9 million metric ton per annum refinery would be a zero bottoms, energy efficient, environmentally friendly, high distillate yielding complex refinery that would be producing clean fuels and 80 units of polypropylene by processing heavy and acidic crudes.

The project, which would make Bathinda one of the major petrochemical hubs in Asia, would generate adequate employment in Punjab besides, realizing massive economic and vocational synergies for the region.

The refinery would also produce high value added products such as polypropylene, food - grade hexane and solvents in addition to LPG, naphtha, petrol, diesel aviation, fuel etc

For information,with regards
rvk41...

Crude Oil Falls to 19-Month Low as IEA May Cut Demand Forecast

Posted by : My Multibaggers
Price when posted : BSE: Rs 200.30 ( -6.25 % ), NSE: Rs. 200.30 ( -6.18 % )

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By Mark Shenk

Nov. 11 (Bloomberg) -- Crude oil fell below $59 a barrel in New York for the first time since March 2007 on speculation the International Energy Agency will lower its 2009 oil-demand forecast as slowing economic growth cuts fuel consumption.

The IEA, which coordinates energy policy in 28 developed countries, will reduce the estimated growth in global demand for a third month in a report tomorrow, according to four former IEA analysts. The euro-area economy will probably contract 0.7 percent next year, Morgan Stanley said in a report.

``It all comes back to the economy and how deep folks think the recession will be,`` said Rick Mueller, director of oil markets at Energy Security Analysis Inc. in Wakefield, Massachusetts. ``Demand is poor and should get worse as the recession deepens.``

Crude oil for December delivery declined $3.32, or 5.3 percent, to $59.09 a barrel at 10:40 a.m. on the New York Mercantile Exchange. Futures touched $58.83, the lowest since March 20, 2007. Prices, which have tumbled 60 percent since reaching a record $147.27 on July 11, are down 39 percent from a year ago.

``The view of the market is very pessimistic,`` said Addison Armstrong, director of market research for Tradition Energy in Stamford, Connecticut. ``The only news I foresee that can move prices higher is a cold spell, which would boost heating oil demand, and that would have only limited impact.``

The IEA already has cut its 2008 forecast about 1.3 million barrels a day in seven revisions this year. Last week, it published a summary of its annual World Energy Outlook, slashing its 2030 projection by 9.4 percent to 106 million.

OPEC Concerns

The Organization of Petroleum Exporting Countries cited falling demand for its Oct. 24 decision to reduce production by 1.5 million barrels a day. OPEC ministers will discuss the market situation when they meet next on Dec. 17 and may agree to another supply cut then, the group`s president, Chakib Khelil, said on Nov. 8 in Algiers.

``This is a tough time for OPEC because of the demand picture,`` Mueller said. ``Every time they cut production they are building up spare capacity. There`s also a risk that they may make cuts and prices still won`t rebound.``
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BSE Announcements on HPCL

Posted by : WhatsUP
Price when posted : BSE: Rs 191.25 ( 0.21 % ), NSE: Rs. 192.15 ( 0.81 % )

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Vishwas:

how can you make that out from the quarterly report?

Thanks
=happy investing....

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BSE Announcements on HPCL

Posted by : vishwas1979.

result do not show the true picture because the oil bond is not consider for last two qutar

BSE Announcements on HPCL

Posted by : vishwas1979.
Price when posted : BSE: Rs 190.85 ( -0.21 % ), NSE: Rs. 190.60 ( -0.57 % )

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result do not show the true picture because the oil bond is not consider for last two qutar...

In reply to:

BSE Announcements on HPCL

Posted by : MMB Messenger

Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Un-Audited results for the quarter ended September 30, 2008:

The Company has posted a Net loss the period of Rs (32189.20) million for the quarter ended September 30, 2008 as compared to net profit of Rs 8530.30 million for the quarter ended September 30, 2007. Total Income has increased from Rs 245158.70 million for the quarter ended September 30, 2007 to Rs 356198.70 million for the quarter ended September 30, 2008.

BSE Announcements on HPCL

Posted by : MMB Messenger
Price when posted : [HPCL - BSE:Rs. 190.85 NSE:Rs. 190.60 when posted]

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Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Un-Audited results for the quarter ended September 30, 2008:

The Company has posted a Net loss the period of Rs (32189.20) million for the quarter ended September 30, 2008 as compared to net profit of Rs 8530.30 million for the quarter ended September 30, 2007. Total Income has increased from Rs 245158.70 million for the quarter ended September 30, 2007 to Rs 356198.70 million for the quarter ended September 30, 2008....

NSE Announcements on HPCL

Posted by : MMB Messenger
Price when posted : [HPCL - BSE:Rs. 190.85 NSE:Rs. 190.60 when posted]

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Hindustan Petroleum Corporation Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 7021154 lacs for half year ending on 30-SEP-2008 against Rs. 4611614 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. (410704) lacs for the half year ending on 30-SEP-2008 against Rs. 76610 lacs for the half year ending on 30-SEP-2007....

NSE Announcements on HPCL

Posted by : MMB Messenger
Price when posted : [HPCL - BSE:Rs. 190.85 NSE:Rs. 190.60 when posted]

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Hindustan Petroleum Corporation Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 3546222 lacs for quarter ending on 30-SEP-2008 against Rs. 2423444 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. (321892) lacs for the quarter ending on 30-SEP-2008 against Rs. 85303 lacs for the quarter ending on 30-SEP-2007....

HPCL maintains its march ahead

Posted by : vishwas1979.
Price when posted : BSE: Rs 224.20 ( -6.45 % ), NSE: Rs. 223.70 ( -6.64 % )

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todat hpcl was down due to rumers which is given to the by owner of market bhavishya com these kind of pepole take short position and give romuer to market i consider for legel apporch for owner of this site as a shares holder of this company. because the sebi said earller ...

In reply to:

BSE Announcements on HPCL

Posted by : MMB Messenger

Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Un-Audited results for the quarter ended September 30, 2008:

The Company has posted a Net loss the period of Rs (32189.20) million for the quarter ended September 30, 2008 as compared to net profit of Rs 8530.30 million for the quarter ended September 30, 2007. Total Income has increased from Rs 245158.70 million for the quarter ended September 30, 2007 to Rs 356198.70 million for the quarter ended September 30, 2008.