Summary: New Delhi [India], July 12 (ANI): Oil marketing companies such as Oil and Natural Gas Corporation (ONGC) and Hindustan Petroleum Corporation Limited (HPCL
) on Wednesday gained around three percent intraday amid investors celebrating over the buzz of a merger likely to happen in the days to come.
Halan explains that the two-notch uplift reflects HPCL
's strategic importance to the Indian government (Baa3 positive) because of the company's position as the country's third-largest state-owned refiner of crude oil and the third-largest distributor of petroleum products.
Kesavan was earlier Executive Director of HPCL
's Corporate Finance division for over four years.
As part of the collaboration with HPCL
, the Ghassan Aboud Group will market an impressive range of products including auto lubricants, industrial lubricants, asphalt, solvents and others, it said.
had setup TEL for establishing a 330-megawatts of mine-mouth lignite-fired power plant and had signed an agreement with Fauji Fertilizer Company Limited (FFCL) and CMEC Tel Power Investments Limited (CMEC Dubai) for an equity investment of 30 percent and 10 percent respectively.
HMEL's IDR could benefit from an additional one-notch uplift should our standalone assessment of HMEL deteriorate, provided HPCL
's standalone rating remains intact, or if our assessment of HPCL
's standalone rating improves, provided HMEL's standalone rating remains intact.
The contract encompasses work on HPCL
's Sulphur Recovery Unit (SRU) Block Package for the Visakh Refinery Modernisation project at Visakhapatnam in the Indian state of Andhra Pradesh.
In a regulatory filing, ONGC said it bought 77.88 crore shares in Hindustan Petroleum Corp Ltd (HPCL
) for Rs 473.97 per share.
Oil and Natural Gas Corp (ONGC), an Indian state-owned oil company, has said that it will appoint investment bankers to assist it in buying the government's 51.11 percent stake in Hindustan Petroleum Corp Limited (HPCL
), The Asian Age has reported online.
As successful project management and delivery are crucial responsibilities to the workshop audience, the Learning and Development team at HPCL
identified the need to train this leg of the workforce on stakeholder management as the most relevant skills for them.
During her two-year stint as Chairman and Managing Director of HPCL
, Nishi Vasudeva's ability to steer the public sector oil company through periods of uncertainty and make hay of the positive developments helped the company reap the benefits over the long term.