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Major fire breaks out at HPCL Visakhapatnam plant- Business News

Major fire breaks out at HPCL Visakhapatnam plant The fire department has reached the plant and efforts to douse the fire are currently underway BusinessToday.In | May 25, 2021 | Updated 17:57 IST Efforts to locate six HPCL workers who were at the spot when the fire started are taking place A major fire has broken out at the Hindustan Petroleum Corporation Ltd (HPCL) plant in Visakhapatnam. The fire department has reached the plant and efforts to douse the fire are currently underway. The fire has been brought under control. DCP Aishwarya Rastogi has stated that the cause of the incident is yet to be determined. As per information, a blast reported at Unit-3 plant in HPCL. Five fire tenders are present at the spot. More fire tenders are being rushed, Rastogi told ANI.

hpcl: Buy HPCL, target price Rs 404: Prabhudas Lilladher

Explore Now Prabhudas Lilladher has a buy call on Hindustan Petroleum Corporation (HPCL) with a target price of Rs 404. The current market price of HPCL is Rs 282.85. Hindustan Petroleum Corporation Ltd, incorporated in the year 1952, is a Large Cap company with a market cap of Rs 39946.32 Crore, operating in Gas & Petroleum sector. Hindustan Petroleum Corporation Ltd s key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2019. Investment Rationale Prabhudas Lilladher tweaked its FY22/23E estimates for HPCL, as it incorporates actual FY21 numbers and share buyback. In FY21, core standalone EBIDTA adjusted for inventory and forex gains was at Rs71.2 billion (-30 per cent YoY), due to weak marketing and refining profits.

Hindustan Petroleum Corporation Ltd Spurts 6 42%, S&P BSE Oil&Gas index Gains 1 54%

Read more about Hindustan Petroleum Corporation Ltd Spurts 6.42%, S&P BSE Oil&Gas index Gains 1.54% on Business Standard. Hindustan Petroleum Corporation Ltd has added 21.88% over last one month compared to 10.63% gain in S&P BSE Oil&Gas index and 4.64% rise in the SENSEX

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