HPCL to rent space in its retail outlets for Petromin Express Station

Petromin Corporation, Saudi Arabia a part of the AI-Dabbagh group, is a leading multi-national organization in Saudi Arabia. They are in the business of automotive services, vehicle distribution, fuel retailing , lube manufacturing and distribution, and advance mobility solutions with operations spread over more than 40 countries.

HPCL will be renting out space in the retail outlets for each Petromin Express Station. The state of art Petromin Express Centres will provide vehicle care services through technology driven ecosystem and would provide value for money to customers. While servicing vehicles at these HPCL - Petromin cobranded garages, genuine HP Lubes will be used by the trained technicians.

The first set of 16 Petromin Express Stations in Sengaluru and Chennai were launched on 16th Oct, 2023. Petromin will be setting up 1000 Petromin Express Stations (Quick Service Vehicle Care) at HPCL Retail outlets across India in 5 years.

Shares of Hindustan Petroleum Corporation Limited was last trading in BSE at Rs. 262.00 as compared to the previous close of Rs. 256.65. The total number of shares traded during the day was 155758 in over 2934 trades.

The stock hit an intraday high of Rs. 266.50 and intraday low of 255.45. The net turnover during the day was Rs. 40952701.00.

Source : Equity Bulls

Keywords

HindustanPetroleumCorporation INE094A01015 HPCL RetailOutlets Petromin ExpressStation