Latest news with #HindustanPetroleum
Economic Times
6 hours ago
- Business
- Economic Times
Reliance, HPCL, 17 other stocks to go ex-dividend on Thursday. Last chance to qualify for eligibility
Investors have a final opportunity to buy shares of top Indian firms like Reliance Industries and Hindustan Petroleum today to qualify for dividends. Investors have a final opportunity to buy shares of top Indian firms like Reliance Industries and Hindustan Petroleum today to qualify for dividends. REC and Bharat Electronics are also offering dividends. Several other companies including Action Construction Equipment and Astral are closing in on their record dates. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In addition to these large-cap names, several other companies are also closing in on their record dates tomorrow. Here's a list of notable dividend-paying stocks for which today is the last trading day for eligibility: Action Construction Equipment – Rs 2 per share – Rs 2 per share Alkali Metals – Rs 0.50 per share – Rs 0.50 per share Amal Ltd – Rs 1 per share – Rs 1 per share Anuh Pharma – Rs 1.50 per share – Rs 1.50 per share Astral – Rs 2.25 per share – Rs 2.25 per share Bandhan Bank – Rs 1.50 per share – Rs 1.50 per share Denta Water and Infra Solutions – Rs 2.50 per share – Rs 2.50 per share Electrosteel Castings – Rs 1.40 per share – Rs 1.40 per share Emcure Pharmaceuticals – Rs 3 per share – Rs 3 per share Exxaro Tiles – Rs 13.75 per share – Rs 13.75 per share Five-Star Business Finance – Rs 2 per share – Rs 2 per share Gland Pharma – Rs 18 per share – Rs 18 per share Godawari Power & Ispat – Rs 1 per share – Rs 1 per share HUDCO – Rs 1.15 per share – Rs 1.15 per share Maharashtra Seamless– Rs 10 per share Investors looking to secure upcoming dividend payouts from some of India's most prominent companies — including Reliance Industries Ltd RIL ), Hindustan Petroleum Corporation Ltd HPCL ), REC Ltd , and Bharat Electronics Ltd BEL ) — have one last chance August 14, 2025, is the record date for determining eligible shareholders , making today the final day to purchase these stocks to qualify for the declared has announced a final dividend of Rs 9 per share, continuing its track record of rewarding shareholders while maintaining a strong operational outlook. HPCL has declared a final dividend of 105% at Rs 10.50 per REC Ltd , a key player in power sector financing, has announced a robust 47.6% final dividend at Rs 4.76 per share and BEL is rewarding investors with a 90% final dividend at Rs 0.90 per note that these dividend declarations highlight the companies' confidence in their earnings stability and cash reserves. However, they caution that share prices generally adjust downward by the dividend amount on the ex-dividend date, meaning short-term traders should factor in price adjustments before making buy the deadline approaching, market watchers expect increased trading activity as income-focused investors position themselves to capture these payouts before the window closes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Yahoo
2 days ago
- Business
- Yahoo
Indian Government allocates Rs300bn to compensate oil marketing companies
The Indian Government has sanctioned Rs300bn ($3.4bn) to three state-run oil marketing companies (OMCs), Indian Oil, Bharat Petroleum and Hindustan Petroleum, to cover losses from under-recoveries on domestic liquid petroleum gas (LPG) sales. This financial support will be distributed in 12 tranches and aims to ensure the OMCs can continue to provide LPG at regulated prices despite high international rates, according to a report by The Ministry of Petroleum and Natural Gas is tasked with the allocation of funds among the OMCs. International prices of LPG have remained high and the government has chosen not to transfer the increased costs to consumers, leading to significant under-recoveries by the OMCs. Despite these losses, Indian Oil, Bharat Petroleum and Hindustan Petroleum have maintained a steady supply of LPG cylinders throughout the nation. The compensation is seen as a crucial step in enabling the OMCs to manage essential expenditures including crude oil and LPG procurement, debt servicing and capital investments. This move is also aligned with the government's commitment to providing clean cooking fuel to all households, including those under the Pradhan Mantri Ujjwala Yojana scheme, and to uphold the financial health of public sector oil companies amidst global energy market fluctuations. India has recently reiterated its plan to continue oil imports from Russia, despite potential repercussions suggested by US President Donald Trump. The US has threatened a 25% tariff on Indian exports and additional sanctions should India persist in acquiring Russian arms and oil. However, Indian Government sources have indicated that there are no immediate plans to alter the standing long-term contracts with Russia. "Indian Government allocates Rs300bn to compensate oil marketing companies" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
India's State Refiners Buy Oil Elsewhere After Russia Pause
(Bloomberg) -- India's state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies' procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs. All Hail the Humble Speed Hump Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Major Istanbul Projects Are Stalling as City Leaders Sit in Jail PATH Train Service Resumes After Fire at Jersey City Station Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to skip spot purchases of the crude in the upcoming buying cycle, until there's clear government guidance, said the people, who asked not to be identified as they aren't authorized to speak publicly. On Thursday, IOC bought five million barrels of oil from the US, Brazil and Libya, the latest in a string of purchases for relatively quick delivery. The global oil market has zeroed in on India's crude purchasing after President Donald Trump doubled the levy on all Indian exports to the US as a direct punishment for the country's refiners taking Russian crude. The escalation — which hasn't yet been matched by similar action against China, another major buyer — is meant to put pressure on Moscow to end the war in Ukraine. The tension has swung futures this week as traders assess the odds of disruption to flows, as well as Moscow's ability to find alternative buyers should Indian refiners opt to take fewer barrels. Brent was little changed near $67 a barrel on Thursday, following a five-day drop. Officially, New Delhi hasn't given any direction to refiners to stop buying Moscow's crude, with Prime Minister Narendra Modi's government pushing back against Trump's tariffs. Bloomberg earlier reported that refiners had been asked to draw up plans for buying non-Russian crude. An oil ministry spokesman didn't immediately reply to an email seeking comment. Separately, IOC, BPCL and HPCL didn't reply to messages from Bloomberg seeking comment. Beyond term contracts, oil producers and refiners typically deal with purchases in short-run cycles, with cargoes booked about one-and-a-half to two months ahead of loading. That planned-ahead pattern allows users to ensure they have enough on hand to meet their requirements. The pause will affect buying of Russia's Urals cargoes for October-loading, they added. While overall purchases of October-loading Urals by India's refiners are unlikely to drop to zero, a dip could prompt a rush for other grades, with US, Middle Eastern and African cargoes as alternatives, said traders, who buy and sell across the region. Discussions for October cargoes have not yet started, though traders foresee deeper Russian discounts and more offers to China, which doesn't typically take much of the variety. In late-July, purchases of September-loading Urals concluded with India taking fewer barrels due to pricey offers. Since then, state-owned refiners have issued a slew of tenders, soaking up spot cargoes from other regions. Private processors Reliance Industries Ltd. and Nayara Energy Ltd., meanwhile, have been quiet, with the latter grappling with a steep drop in run rates following sanctions imposed by the European Union. Cargoes of Urals — Russia's benchmark crude grade from the west of the country — for August- and September-loading are likely to be delivered as planned, unless New Delhi advises otherwise, the people said. In recent days, tankers have offloaded some cargoes at Indian ports, albeit with some slight delays. At its peak, India imported more than 2 million barrels a day of Russian oil, up from almost zero purchases before the Ukraine war. 'There would be some operational disruptions for a period, but the crude supply-demand would balance out,' said R. Ramachandran, former director of refineries at Bharat Petroleum. If Russian supplies are more difficult, 'Middle East crudes — with the geographical advantages and a wide range of quality will be a prime substitute, especially from Saudi and Iraq,' he said. --With assistance from Sudhi Ranjan Sen, Lucia Kassai and Alex Longley. (Updates with new purchases in second paragraph. Lowers reference to October-loading cargoes to eighth paragraph.) The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay A High-Rise Push Is Helping Mumbai Squeeze in Pools, Gyms and Greenery Government Steps Up Campaign Against Business School Diversity ©2025 Bloomberg L.P. Sign in to access your portfolio
Reuters
04-08-2025
- Business
- Reuters
India's IOC buys 7 million barrels US, Mideast crude after Russian oil pause
SINGAPORE/NEW DELHI, Aug 4 (Reuters) - Indian Oil Corp (IOC) ( opens new tab, the country's top refiner, has bought 7 million barrels of September-arrival crude from the United States, Canada and the Middle East via a tender, several trade sources said on Monday. IOC's large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts. U.S. President Donald Trump has warned countries not to purchase oil from Moscow, which is under sanctions over its February 2022 full-scale invasion of Ukraine. IOC bought 4.5 million barrels of U.S. crude, 500,000 barrels of Canada's Western Canadian Select (WCS) and two million barrels of Das oil produced in Abu Dhabi, the sources said. They declined to be named because they were not authorised to speak to the media. The higher-than-normal purchases are partly to replace Russian barrels, two of the sources said. India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude. Indian state refiners - IOC, Hindustan Petroleum Corp ( opens new tab, Bharat Petroleum Corp ( opens new tab and Mangalore Refinery Petrochemical Ltd ( opens new tab - had not sought Russian crude in the past week or so, Reuters reported last week. In IOC's tender that closed on Friday, P66 and Equinor ( opens new tab will each ship 1 million barrels of U.S. West Texas Intermediate Midland crude while Mercuria will ship 2 million barrels of the same grade, the sources said. Vitol will deliver 1 million barrels of WTI Midland and WCS, they added. Trafigura will deliver 2 million barrels of Das. Prices for the deals were not immediately available. The purchases also came amid additional sanctions by the European Union on the Russian energy trade.
India Today
02-08-2025
- Business
- India Today
Have no reports of Indian oil firms halting Russian imports: Government sources
A day after reports claimed that state-run Indian oil companies halted crude purchases from Russia, government sources dismissed the claims, reaffirming that India's energy imports are driven by market forces and national remark came as US President Donald Trump welcomed the reports of the halt in Russian oil purchases, calling it a "good step"."The government's position was made clear yesterday (Friday) that the country's energy purchases were driven by market forces and national interests and that they had no reports of Indian oil firms halting Russian imports," sources On Friday, in response to a question on India's energy needs amid the evolving global dynamics and threats from US President Donald Trump, Ministry of External Affairs spokesperson Randeep Jaiswal said that India's position on the matter remains clear and is guided by market dynamics and national interest."On the specific question of energy, you are well aware of our position, what is our approach towards sourcing energy requirements. It is based on what is there on offer in the markets and also on the prevailing global situation," Jaiswal is the biggest buyer of seaborne Russian crude and the report said the country's state refiners -- Indian Oil Corp, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery Petrochemical Ltd -- have not sought Russian crude in the past week or so. This came as the US exerted geopolitical pressure on countries continuing to purchase Russian government has defended New Delhi's long-standing ties with Moscow, describing it as a 'time-tested partnership,' while also reaffirming the strength of the India-US relationship.'India and Russia share a steady and time-tested partnership,' said Jaiswal, and expressed confidence that bilateral relations with the US would continue to move forward despite current July 30, US President Donald Trump announced a 25 per cent tariff on Indian goods and warned of potential penalties over India's purchase of Russian arms and oil. Immediately after the tariff announcement, Trump launched a blistering attack on New Delhi's ties with Moscow, dismissing both countries as 'dead economies' and bluntly stating that he 'does not care' what India does with Russia.- EndsTune InMust Watch IN THIS STORY#Russia#Donald Trump
