Hindustan Petroleum Corporation Limited (HPCL) has issued a clarification regarding recent news reports about LPG procurement negotiations. The company’s statement comes in response to a news item titled “Indian Oil Corp, HPCL and BPCL Consortium in Talks with Equinor to Secure LPG Contract.”
In its clarification, HPCL stated that discussions for procuring LPG from Equinor India are being conducted in the ordinary course of business. The company emphasized that these talks are part of its regular operational activities.
Furthermore, HPCL provided additional details about the nature of the procurement under discussion. The company revealed that it is specifically discussing the procurement of LPG on an ex-tank basis at Mundra.
Today, HPCL’s stock showed positive movement. The stock opened at ₹391.10 and reached a high of ₹404.80, with a low matching the opening price. This represents a significant intraday gain from the previous close of ₹387.35. The average price for the day stood at ₹398.73. Trading volume was robust at 1,63,00,789 shares, indicating strong investor interest. The open interest was reported at 10,14,78,825.
