Hindustan Petroleum Corporation is currently trading at Rs. 566.10, up by 8.70 points or 1.56% from its previous closing of Rs. 557.40 on the BSE.
The scrip opened at Rs. 559.00 and has touched a high and low of Rs. 568.60 and Rs. 559.00 respectively. So far 73295 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 569.35 on 07-Feb-2017 and a 52 week low of Rs. 211.79 on 25-Feb-2016.
Last one week high and low of the scrip stood at Rs. 569.35 and Rs. 536.20 respectively. The current market cap of the company is Rs. 57524.30 crore.
The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 27.74% and 21.15% respectively.
HPCL has received Environment Clearance (EC) for expansion of its Mumbai refinery in Maharashtra, entailing an investment of Rs 3,846 crore. With the proposed expansion, the company’s Mumbai refinery will be able to produce gasoline and diesel meeting Euro IV quality specifications, besides other petroleum products like LPG, Naphtha, Kerosene, ATF, Fuel oil and Sulphur and can meet the current market demands.
The proposal is to expand the refining capacity of Mumbai refinery located in Chembur district from 7.5 million tonnes per annum (MTPA) up to 9.5 MTPA including Propylene Recovery Unit (PRU) and revamp of existing Captive Power Plant (CPP).
HPCL is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.