Hpcl

  • IOCL, BPCL, HPCL move SC for modification of Aadhaar order October 6, 2013

    Three oil PSUs have moved the Supreme Court seeking modification of its earlier order that Aadhaar card is not mandatory and no person should suffer for want of it in getting benefits of government schemes. IOCL, BPCL and HPCL would mention the matter on Monday for urgent hearing before a bench...
  • Probe into HPCL fire case on as death toll reaches 25 September 6, 2013

    Visakhapatnam: With one more victim succumbing to his burns Friday, the death toll in last month's fire at the Hindustan Petroleum Corporation Limited's complex rose to 25. A probe is on into the accident, though prima facie a gas leak in the sea cooling water system was attributed to the fire. Appala...
  • Death toll in HPCL refinery fire in Visakhapatnam rises to 19 September 1, 2013

    The toll in last week's blast at the Hindustan Petroleum Corporation Ltd (HPCL) refinery in Visakhapatnam rose to 19 with one more injured succumbing to burns on Saturday. Varun Kumar (20) died at New Care Hospital, police said. Sixteen injured are still undergoing treatment at various hospitals in the coastal city while...
  • RBI opens new window for daily dollar requirements of oil companies August 28, 2013

    Mumbai: As a measure to stabilise the falling rupee, the Reserve Bank of India on Wednesday opened a special window to meet the daily dollar requirements of IOC, HPCL and BPCL. The RBI will buy and sell dollars for a fixed tenure through a designated bank. "On the basis of...
  • Death toll in Visakhapatnam HPCL refinery fire mounts to nine August 26, 2013

    The death toll in the massive fire at state-run Hindustan Petroleum (HPCL) refinery-cum-petrochemical complex in Visakhapatnam has risen to nine with one more worker succumbing to burn injuries on Monday, a PSU official said. 50-year-old S Sanyasi Rao who was undergoing treatment at the Old Care hospital in Visakhapatnam died on Monday, the official...
  • Vizag HPCL fire: Employees go on strike demanding safety measures August 26, 2013

    Visakhapatnam: Two days after a fire broke out at the Vizag Hindustan Petroleum Corp refinery, employees have gone on a strike demanding better safety measures and compensation. One person was killed and 30 others were injured after a fire had engulfed an under-construction building in the Vizag plant. HPCL has...
  • HPCL refinery fire: Chandrababu Naidu demands high-level probe August 24, 2013

    TDP president N Chandrababu Naidu on Saturday demanded a high-level probe into the fire at state-run Hindustan Petroleum (HPCL) refinery complex in Visakhapatnam in which eight persons were killed. "A high-level expert committee should probe into the mishap," Naidu said after visiting the site on Saturday. He also visited various hospitals in...
  • Death toll in HPCL refinery fire in Visakhapatnam rises to 10 August 24, 2013

    The death toll in the major fire that broke Friday in the state-owned Hindustan Petroleum Corporation Ltd (HPCL) refinery in Andhra Pradesh's coastal city of Visakhapatnam rose to 10, police said on Saturday. Six charred bodies were recovered from the mishap site on Saturday, taking the toll to 10. Two bodies...
  • One killed, 35 injured in major fire at HPCL refinery in Visakhapatnam August 24, 2013

    A major fire broke out at the state-owned HPCL refinery-cum-petrochemical complex in Visakhapatnam this evening, in which one person was killed and as many as 35 others were injured, police said. The fire broke out at 4 pm and has been brought under control, Visakhapatnam Police Commissioner B Shivadhar Reddy said. "The...
  • Govt to pay state fuel retailers Rs 550 cr oil subsidy November 9, 2012

    New Delhi: India will pay Rs 30,000 crore to state-owned fuel retailers forced to sell at cheaper government-set rates in the first half of the year, said three sources who saw the finance ministry's confirmation letter. The government fixes retail prices of liquefied petroleum gas, kerosene and diesel to protect...
  • Diesel still cheaper in India than in US, Pak September 16, 2012

    New Delhi: The steepest ever Rs 5.63 a litre hike in price not withstanding, diesel in India is still cheaper than its neighbours Pakistan and Bangladesh as also the US and the European countries. Diesel prices were on September 14 raised by Rs 5.63 per litre to Rs 46.95 a...
  • Mumbai: Terror threat looms over oil refineries September 6, 2012

    Mumbai: The eastern belt of Mumbai is one of India's most sensitive zones. Adjacent to the Bhabha Atomic Research Centre are the HPCL and BPCL oil refineries - one of India's most important fuel supply hub. While BARC is now on a high alert after an inter-state terror module was busted,...
  • Terror threat to Mumbai refineries, police on alert September 6, 2012

    Mumbai: Mumbai's oil refineries have been put on a high alert after an intelligence warning of a possible terror attack. The security at the oil refineries has been stepped up. This comes after an intelligence alert about a plot to target HPCL and BPCL oil depots. The alert specifies the number...
  • CAG to audit under-recoveries of oil companies September 2, 2012

    New Delhi: After oil and gas field contracts, the Comptroller and Auditor General (CAG) wants to audit huge under-recoveries or revenue losses reported by state-run oil retailers on sale of diesel and cooking fuels. Indian Oil Corp (IOC), Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) sell diesel, domestic cooking gas (LPG)...
  • BPCL, HPCL, IOC rally on petrol price hike May 24, 2012

    Mumbai: State-run oil companies rallied after the government allowed them to raise the prices of petrol, though the action was more mixed for auto stocks. BPCL gained 3 per cent, HPCL added 2.3 per cent, while IOC advanced 2.7 per cent. The impact on auto stocks was more mixed given the proportion...
  • Oil cos may hike petrol prices by Rs 3 per litre March 30, 2012

    New Delhi: State-owned oil firms are pushing for at least Rs 3 per litre hike in petrol price from April 1 to cover part of the spike in cost of raw material. "We are losing Rs 6.43 per litre on petrol and after adding 20 per cent sales tax, the...
  • Is Kingfisher Airlines close to shutting down? November 11, 2011

    New Delhi: Cash strapped Kingfisher Airlines is in trouble. Top sources say the airline may have to shut down if they don't secure working capital loans soon. The airlines grounded one third of its 66 aircraft fleet cancelling over 80 flights over the last two days. The Director General of...
  • Kingfisher flights cancelled to cut losses: Mallya November 10, 2011

    New Delhi: Kingfisher Airlines is going through troubled times as over 100 pilots have quit after they were not paid their salaries even as the company cancelled over 80 flights in the last two days. The cancellation of 80 flights in the past couple of days left thousands of passengers...
  • Over 100 Kingfisher pilots quit: Sources November 10, 2011

    b>New Delhi: Over 100 Kingfisher pilots have submitted their resignations, sources said on Thursday. It is reported that the reason behind the mass resignation is because employees are yet to get their salary for the month of October. The cash-strapped airline cancelled almost 80 flights saying it had to drop flights...
  • Kingfisher to cancel 31 flights daily till Nov 19 November 8, 2011

    Mumbai: India's No 2 carrier Kingfisher Airlines, controlled by liquor baron Vijay Mallya, plans to cancel 31 flights daily till November 19, including four international flights to Bangkok. The cash-strapped carrier, which has not reported a profit ever since it got listed and has undergone debt restructuring Once, has decided to...
  • Cannot roll back fuel prices: HPCL November 8, 2011

    New Delhi: As the UPA allies pressurise the Centre to roll back the petrol price hike, oil companies fear that they may have to bear the brunt of coalition politics. HPCL Chairman S Roy Choudhury said, "We are not facing any pressure from the government for prices. We haven't got...
  • Oil Min calls for EGoM meet on fuel price hike November 2, 2011

    New Delhi: Oil Minister S Jaipal Reddy on Wednesday called for a meeting of the Empowered Group of Ministers (EGoM) to decide on revising the prices of diesel and LPG. "I have asked for a meeting of the Empowered Group of Ministers (EGoM)," Reddy told reporters after a meeting with Finance...
  • Oil companies press for Rs 1.82/litre petrol hike November 1, 2011

    New Delhi: New Delhi: Less than two months after raising fuel prices by a whopping Rs 5 per litre, the State-owned oil companies are pressing for a Rs 1.82 per litre increase in petrol prices. Oil company officials say this is because of rupee depreciation and hardening of crude oil prices. They...
  • HPCL resumes fuel supply to Kingfisher October 14, 2011

    New Delhi: State-owned oil marketer Hindustan Petroleum Corporation Ltd (HPCL) has resumed fuel supplies to Vijay Mallya-promoted Kingfisher Airlines. Sources say Kingfisher owes HPCL approximately Rs 100-130 crore and a non-payment of due had resulted in the fuel stoppage. Nearly six Kingfisher flights (KFA) out of Delhi airport were delayed on...
  • HPCL fuel cut hits Kingfisher flights from IGI October 13, 2011

    New Delhi: The state-owned Hindustan Petroleum Corporation Ltd (HPCL) on Thursday cut off Aviation Turbine Fuel (ATF) supply to Kinfisher Airlines leading to cancellation of Kinfisher flights flying out of Delhi. Kingisher has stopped check-ins at the T-3 of Indira Gandhi International (IGI) Airport after six flights were delayed due to...
  • How the volatile rupee has fallen October 12, 2011

    A sudden wave of volatility in the Indian rupee has increased the degree of risk for companies and the financial system as a whole. Over the past three months, the rupee has fallen 12 per cent against the dollar and could even slip to the 52 mark if European debt...
  • Oil retailers move ahead in slippery market August 5, 2011

    Mumbai: Shares of oil marketing companies Indian Oil, HPCL and BPCL recorded smart gains in early morning trade on Friday, despite an overall downward move on the bourses. Analysts said that the stocks have added value amid reports that the government was moving in direction of...
  • Iranian Foreign Minister to visit India July 24, 2011

    Tehran: The Iran's Foreign Minister will visit India in the coming weeks, news agency ISNA quoted an official on Saturday as saying, as the two countries seek a way of ending a standoff over unmet payments for oil exports. Ali Akbar Salehi will hold talks with his Indian counterpart on bilateral...
  • One lakh litre diesel spills at Mundra port June 21, 2011

    Ahmedabad: Around one lakh litres of diesel spilled off Mundra coast in Kutch district of Gujarat from the oil jetty of a private port on Tuesday, when a consignment of Hindustan Petroleum Corporation Limited (HPCL) was being off-loaded from a ship. "The incident took place when a diesel consignment of HPCL...
  • Inflation likely to ease further: Pranab May 16, 2011

    New Delhi: Encouraged by the marginal decline in inflation, Finance Minister Pranab Mukherjee on Monday said he was hopeful prices would come down further in the coming months amidst increase in foodstocks and decline in costs of manufactured items. "The April prices have come down both on the manufacturing sector and...