Bid & Tender
Hindustan Petroleum Gains on Plan to Raise Rs 60bn via Bonds

Date : Nov 18, 2016

According to the report, Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 444.85, up by 0.60 points or 0.14 % from its previous closing of Rs. 444.25. The scrip opened at Rs. 445.00 and has touched a high and low of Rs. 453.85 and Rs. 440.80 respectively. So far 206914 shares were traded on the counter. 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 471.00 on 30-Oct-2016 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. 466.85 and Rs. 403.65 respectively. The current market cap of the company is Rs. 449.3753 billion. The promoters holding in the company stood at 51.11%, while Institutions and Non-Institutions held 29.56% and 19.33% respectively. HPCL, one of the leading petroleum products retailers in the country, has received its board’s approval to raise up to Rs 60 billion by issue of secured/unsecured Redeemable non-convertible bonds/debentures from domestic as well as overseas market. The company’s board gave approval for the same at the meeting held on November 15, 2016.

 

HPCL is a Government of India Enterprise with a Navratna Status, and a Forbes 2000 and Global Fortune 500 company. It owns & operates 2 major refineries producing a wide variety of petroleum fuels & specialties, one in Mumbai of 6.5 MMTPA capacity and the other in Visakhapatnam, with a capacity of 8.3 MMTPA.