Home » crude

Tag: crude

Post
HPCL Q3 net up 53percent at Rs.1,590 crore

HPCL Q3 net up 53percent at Rs.1,590 crore

Hindustan Petroleum Corporation Ltd (HPCL) has reported a 53 per cent rise in net profit for the October-December 2016 quarter owing to better operational performance. For the December 2016 ended quarter, HPCL's net profit was Rs 1,590.31 crore, 53 per cent higher from Rs 1,041.25 crore reported last year.

Post
HPCL Q3 net up 53percent at Rs 1,590 crore

HPCL Q3 net up 53percent at Rs 1,590 crore

Hindustan Petroleum Corporation Ltd (HPCL) has reported a 53 per cent rise in net profit for the October-December 2016 quarter owing to better operational performance. For the December 2016 ended quarter, HPCL's net profit was Rs 1,590.31 crore, 53 per cent higher from Rs 1,041.25 crore reported last year.

Post
HPCL Visakh Refinery processes 9.2 MT crude in FY16

HPCL Visakh Refinery processes 9.2 MT crude in FY16

Hindustan Petroleum Corporation Limited´s (HPCL) Visakh Refinery processed 9.2 million tonnes (MT) of crude oil during 2015-16, which was nearly 111 per cent of its installed capacity of 8.3 million metric tonne per annum (MMTPA).

Post
Stocks & Barrels

Stocks & Barrels

It´s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.

Post
Iran demanded $5 lakh to free Indian oil tanker

Iran demanded $5 lakh to free Indian oil tanker

Authorities at Iran's Bandar Abbas port are said to have demanded $5,00,000 from India to release the tanker Desh Shanti, which was carrying crude from Iraq. Desh Shanti was held to ransom by Iranian authorities — spearheaded by the dreaded Iranian Revolutionary Guard Corps (IRGC) — for 26 days.

Post
Foreign firms eye refinery, LNG projects in India

Foreign firms eye refinery, LNG projects in India

According to media reports, British Gas and British Petroleum are interested to set up oil refineries and LNG terminals in India. It may be noted that recently, government allowed 100 per cent FDI in oil refineries thro­ugh the automatic rou­te and this removes the need for a foreign company to tie-up w