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HPCL in $8 billion drive to boost oil refining margins

India’s fastest-growing fuel seller will spend $8 billion over the next five years to help its 60-year-old refineries earn profit margins closer to modern processors such as billionaire Mukesh Ambani’s Reliance Industries Ltd. “You can…

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HPCL inventory gains should lead to higher dividend payout

Inventory gains are becoming a norm for refining companies’ June quarter results. We saw Reliance Industries Ltd’s financials benefit from inventory gains. Hindustan Petroleum Corp. Ltd’s (HPCL) results too show the same trend. The state-run…