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Massive fire at HPCL plant in Visakhapatnam, rescue operations underway as six workers go missing

Officials revealed that no loss of life has been reported yet, but six workers have gone missing post the fire ....

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Major fire breaks out at HPCL's Visakhapatnam facility - The Hindu BusinessLine

Major fire breaks out at HPCL’s Visakhapatnam facility
May 25, 2021
The project is expected to bring long-term value to HPCL×
Workers have been moved out, and the cause is yet to be ascertained.
A major fire has broken out at a Hindustan Petroleum Corporation Limited (HPCL) facility near the port city of Visakhapatnam on Tuesday afternoon.
Efforts are on to bring the major fire under control. The local administration has rushed fire tenders to douse the fire. The cause of the fire is not known. Other details are awaited.
Workers at the HPCL unit have been moved out of the plant. ....

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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. ....

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We do not see crude price going much beyond $70: MK Surana, HPCL

We do not see crude price going much beyond $70: MK Surana, HPCL
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Last Updated: May 21, 2021, 02:52 PM IST
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Synopsis
We have posted a record profit of Rs 10,664 crore. It is the first time HPCL has crossed the 10K mark in that and the highest ever profit earlier was in the range of Rs 6,356 crore.
Agencies
NSE
I must congratulate and compliment all the team members of
HPCL and each and every employee of HPCL that showed resilience and determination to perform in challenging times to come off with really excellent results, wherein we have posted a record profit of Rs 10,664 crore, said ....

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hpcl: HPCL surges 8% on multi-fold rise in Q4 profit

JM Financial said that the company s standalone Ebitda and profit were significantly ahead of consensus estimates due to stronger-than-expected crude inventory gains. ....

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