Read more about Hindustan Petroleum Corporation Ltd gains for third straight session on Business Standard. Hindustan Petroleum Corporation Ltd is quoting at Rs 243.9, up 4.03% on the day as on 12:49 IST on the NSE. The stock is up 7.71% in last one year as compared to a 24.68% jump in NIFTY and a 24.4% jump in the Nifty Energy index.
Read more about Oil and Gas stocks jump on Business Standard. Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 392.8 points or 2.62% at 15369.87 at 09:48 IST.
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Saksham celebrations come to a close
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The month-long Saksham 2021, oil and gas conservation month celebrations in the State, came to a close with Governor Banwarilal Purohit distributing prizes to winners of various competitions conducted for schoolchildren.
Speaking on the occasion, the Governor said that oil was like time, once consumed, it won’t replenish. This thought should resonate in all our actions to ensure a sustainable energy future. ”
P. Jayadevan, Executive Director & Indian Oil Corporation Ltd., Inderjit Singh, Head (Retail) Southern Region, Bharat Petroleum Corporation Ltd, Sandeep Maheshwari, Zonal Head, South Zone, Hindustan Petroleum Corporation Ltd, and K. Ashok, DGM (Petrochemical Marketing), Gas Authority of India Ltd and senior officials from PCRA and oil industry were present at the event, said a press release.
Fitch lowers risk for credit metrics of Indian oil marketing firms ANI | Updated: Feb 16, 2021 15:13 IST
Mumbai (Maharashtra) [India], February 16 (ANI): The sustained strength of marketing margins and recovering demand for petroleum products is supporting the profitability of India s oil marketing companies against weak gross refining margins (GRMs), thereby lowering downside risks for their credit metrics, according to Fitch Ratings.
Petroleum product sales at Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) surged by 22 to 23 per cent in the third quarter of the financial year ending March 2021 (3Q FY21) from the previous quarter with domestic transportation fuel demand recovering to near-normal levels, barring aircraft fuel, and marketing margins on auto fuel sustained at above pre-pandemic levels.