HPCL and Thermax sign MoU for clean energy collaboration

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹432.30

prior close

₹425.90

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.0%-1.5% vs market

Refineries & Marketing peers, median of 11sector-0.2%-1.3% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 1.3 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.5+0.0-1.5-0.2-1.3

Next day

+4.9-1.1+6.0+0.0+4.9

+4.2+1.8+2.4+1.3+2.9

+6.4+2.4+4.0+3.5+2.9

+5.9+2.1+3.9+2.3+3.6

+7.0+2.1+4.9+3.7+3.3

+6.4+4.1+2.3+5.0+1.4

15d

-0.3+2.0-2.3+2.3-2.6

-1.6-0.0-1.6+4.6-6.3

-22.4-9.6-12.9-2.8-19.7

-13.3+2.4-15.7+3.4-16.7

UpDownMarket · Nifty Midcap 150Sector · Refineries & Marketing peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HPCL and Thermax signed an MoU at India Energy Week 2026 in Goa to collaborate on clean and new energy technologies. The partnership will focus on developing and commercializing HP AEM Electrolyzers, CO2 capture solutions, and bio-pyrolysis oil processing. HPCL brings R and D strengths while Thermax contributes engineering and industrial implementation. The collaboration supports India's energy transition and the Make in India initiative.

Likely market impact

Strategic MoU signals HPCL push into clean energy; positive for long term growth narrative with no immediate financial impact.