Fitch has also revised the outlook on Hindustan Petroleum Corporation to negative from stable and affirmed the long-term IDR at BBB-minus
All that happened in the markets today
Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT
All that happened in the markets today
The SGX Nifty is up around 170 points from yesterday's close and is indicating an open at around 9,980 levels for the Nifty today
SGX Nifty is also down around 40 points, indicating a flat to lower opening for the Indian indices
State-run refiner had initially planned to complete the Rs 209.28 billion expansion in July.
In comparison PSU refiners were able to achieve 60%; RIL's oil-to-chemical biz can shift quickly from fuel to chemicals, domestic to exports
Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling
Traders can benefit from price volatility in the months to come
An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.
HPCL may benefit more from improvement in marketing margins
HPCL, with higher proportion of retail sales, may benefit more from improvement in marketing margins
One of the biggest challenges has been to execute the change in outlets situated in remote areas with lower off-take
What happened in China is, to some extent, related to COVID-19, but (the fall in oil price) is independent in its own ways
On Friday the Indian rupee slipped below 74 to the dollar for the first time in over 16 months.
A consortium of eight public sector banks held 34.56 per cent stake in Petronet MHB Ltd, where ONGC and HPCL held 32.72 per cent apiece
HMEL's credit metrics were also impacted by its ongoing expansion into petrochemicals
IOC and BPCL to also gain from lower working capital requirement and firm marketing margins, but weak GRMs may limit the upside
HPCL had a foreign exchange gain of Rs 82 crore in the December quarter as compared to a forex gain of Rs 557 crore a year back