HPCL gains on collaborating with Petromin Express to set up vehicle service centres

Hindustan Petroleum Corporation is currently trading at Rs. 275.30, up by 1.25 points or 0.46% from its previous closing of Rs. 274.05 on the BSE.

hpcl moves up on the bse

The scrip opened at Rs. 271.10 and has touched a high and low of Rs. 275.70 and Rs. 270.70 respectively. So far 29975 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 279.60 on 14-Jun-2023 and a 52 week low of Rs. 200.00 on 20-Oct-2022.

Last one week high and low of the scrip stood at Rs. 275.80 and Rs. 268.80 respectively. The current market cap of the company is Rs. 39059.73 crore.

The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 35.77% and 9.33% respectively.

Hindustan Petroleum Corporation (HPCL) and Petromin Express India have entered into a partnership to set up around 1,000 vehicle service centres at HPCL retail outlets in India. Petromin Express-HPCL Co-branded outlets will provide a world-class vehicle ownership experience to customers at affordable price points.

Petromin Corporation – KSA, a mobility solutions leader will work with HPCL to set up around 1,000 co-branded quick service outlets to offer a wide range of solutions under one roof – including HP lube change, light repairs, periodical maintenance, battery, tires, AC and eco car wash services at Retail Outlets of HPCL across India. This partnership aims to address the needs of customers across segments of two, three and four-wheeler vehicles.

Hindustan Petroleum Corporation operates two major refineries producing a wide variety of petroleum fuels and Specialties. The Company also owns and operates the largest lube refinery in the country producing lube base oils of international standards.

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