 "RIL to sign pact with Israeli big data and smart city tech provider")
Reliance Industries Ltd, which operates the world's largest single-location refinery, is facing certain difficulties. While the gross margin of its refining business hit a multi-year low, the petcoke gasification plan is stuck with a ‘scaling up’ hurdle.
Also, part of its margin upside prospects hinges on timely implementation of new regulations for bunker fuel.
For the September 2018 ended quarter, RIL reported a gross refining margin (GRM) of $9.5 per barrel. The company last reported a single digit GRM in the December 2014 ended quarter.
“A tight crude market has reduced RIL’s competitive advantage of sourcing difficult-to-process cargoes as the premium on these
