You are here: Home >> English News & Features >> BUSINESS & ECONOMY

‘Volatile crude, GRM fall hit HPCL’

DNMUM441052 | 8/12/2019 | Author : Zee Media Newsroom | WC :546

Q & A Mukesh Kumar Surana, chairman & managing director, HPCL LTD
Zee Media Newsroom
Mukesh Kumar Surana, chairman & managing director, Hindustan Petroleum Corporation Ltd (HPCL), spoke about the quarterly results and things that impacted the company’s performance in the first quarter of fiscal 2020 in an interview with Sandeep Grover and Devanshi Ashok Ashar.
HPCL numbers have been under pressure, especially profit, which has dropped 74%. What was the reason behind this fall and what were the pressure points?
Three things are responsible for it, crude price volatility, sharp fall in GRM (gross refining margin) cracks, which was low on maximum products, and shutdown of a plant at a refinery. These three things had a net impact in the form of inventory loss, lower cracks and power pla
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Work your way to financial freedom
DNMUM441565 | 8/21/2019 12:00:00 AM | Author : Arun Thukral | WC :489

Wouldn’t it be nice to have a life without money worries - a life, where the money is aplenty and even major money hurdles don’t disrupt our lives? This is what financial freedom is all about. Money may not buy happiness, but it can surely buy one fr
Add To LightboxCalculate Price

How ULIP will become better with changes in new regulations
DNMUM441566 | 8/21/2019 12:00:00 AM | Author : Balwant Jain | WC :1046

The Insurance Regulator Irda (Insurance Regulatory and Development Authority) has notified fresh rules for governing Linked Life insurance products on July 8, 2019. In this article, I will discuss the major beneficial changes proposed in the new regu
Add To LightboxCalculate Price

Why investing in markets without knowledge can lead to losses
DNMUM441567 | 8/21/2019 12:00:00 AM | Author : Amar Pandit | WC :718

Lured by the stock market and several success stories, many of us want to dive right in and invest in the most lucrative stock. In our haste, we miss out on a few important factors. We do not realise the importance of understanding our financial need
Add To LightboxCalculate Price

These short-term investments can fetch you better returns
DNMUM441568 | 8/21/2019 12:00:00 AM | Author : Abeer Ray | WC :755

Almost everyone wants to become rich. However, cynics claim that it takes years of prolonged savings and shrewd investment strategies to create wealth. The need for an adequate amount of cash in the near future may necessitate you to invest in financ
Add To LightboxCalculate Price