Hindustan Petroleum Corporation announced the nomination of Vinod Seshan, (DIN 07985959) Director, Ministry of Petroleum & Natural Gas (MoP&NG) as a Government Director on the Board of HPCL vice Sujata Sharma, Joint Secretary, MoP&NG (DIN 07775238) with immediate effect for a period of three years on co-terminus basis or until further orders, whichever is earlier.Powered by Capital Market - Live News

Net profit of Hindustan Petroleum Corporation declined 24.91% to Rs 2709.31 crore in the quarter ended March 2024 as against Rs 3608.32 crore during the previous quarter ended March 2023. Sales rose 5.96% to Rs 114086.83 crore in the quarter ended March 2024 as against Rs 107665.51 crore during the previous quarter ended March 2023.For the full year,net profit reported to Rs 16014.61 crore in the year ended March 2024 as against net loss of Rs 6980.23 crore during the previous year ended March 2023. Sales declined 1.63% to Rs 432034.69 crore in the year ended March 2024 as against Rs 439200.34 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales114086.83107665.51 6 432034.69439200.34 -2 OPM %4.284.76 -5.77-1.64 - PBDT4756.515950.70 -20 26096.70-5423.77 LP PBT3124.284712.87 -34 20500.27-9983.92 LP NP2709.313608.32 -25 16014.61-6980.23 LP Powered by Capital Market - Live News

Hindustan Petroleum Corporation announced that the Board of Directors of the Company at its meeting held on 9 May 2024, inter alia, have recommended the final dividend of Rs 16.5 per equity Share (i.e. 165%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Hindustan Petroleum Corporation at its meeting held on 09 May 2024 has approved bonus issue in ratio of 1:2 (one share for every two shares held). The record date for bonus issue is 21 June 2024. The company will utilise free reserves of Rs 709.27 crore for implementing the bonus issue. The post bonus issue paid up share capital of the company will increase to Rs 2127.82 crore from pre-issue paid up share capital of Rs 1,418.55 crore. The bonus shares will be credited on or before 08 July 2024. Powered by Capital Market - Live News

The Board of Hindustan Petroleum Corporation will meet on 09 May 2024 to consider a proposal for bonus issue of equity shares. Powered by Capital Market - Live News