May 22, 2013, 09.32 AM IST | Source: Reuters

HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit

The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit.

HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit

Hindustan Petroleum Corp Ltd ( HPCL ) aims to restart a 60,000 barrels-per-day fire-hit crude unit at its Visakhapatnam (Vizag) refinery by the end of June, a company source said.

Also read: Near-term top pick HPCL; long-term BPCL: Quant Capital

The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit.

"The first assessment is scheduled for mid-June. After that, we will get a clear picture," said the source, adding that the aim is to restart the unit by the last week of June.

HPCL stock price

On April 17, 2014, Hindustan Petroleum Corporation closed at Rs 311.65, up Rs 9.35, or 3.09 percent. The 52-week high of the share was Rs 324.80 and the 52-week low was Rs 158.45.


The company's trailing 12-month (TTM) EPS was at Rs 141.86 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 2.2. The latest book value of the company is Rs 405.34 per share. At current value, the price-to-book value of the company is 0.77.

READ MORE ON  HPCL, crude, Vizag, pipeline
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