Brokerages are bullish on IOC's performance going ahead. Here are the reasons:
8(a) GRMs are on track for a US$ 2/bbl improvement from Q1FY18, as Paradip utilisation improves to >95% (from 85% now); (b) marketing EBITDA is guided to hold steady at Rs 20bn per quarter on cost reduction; and (c) future investments will mostly cater to efficiency gains across the value chain (refinery, marketing), while greenfield investments have peaked out.
Paradip to bump up GRMs by ~US$ 2/bbl: IOCL’s Paradip refinery is on track to attain >95% utilisation levels in Q1FY18. Expectation is for ~US$ 11/bbl GRMs for Paradip considering its product slate advantage (80% output comprises diesel and petrol). With operating costs at ~US$ 2/bbl, this refinery would prove more efficient than peers Bina (BPCL-Oman Oil JV) and Bhatinda (HPCL-Mittal Energy JV)...http://goo.gl/WNluOb
8(a) GRMs are on track for a US$ 2/bbl improvement from Q1FY18, as Paradip utilisation improves to >95% (from 85% now); (b) marketing EBITDA is guided to hold steady at Rs 20bn per quarter on cost reduction; and (c) future investments will mostly cater to efficiency gains across the value chain (refinery, marketing), while greenfield investments have peaked out.
Paradip to bump up GRMs by ~US$ 2/bbl: IOCL’s Paradip refinery is on track to attain >95% utilisation levels in Q1FY18. Expectation is for ~US$ 11/bbl GRMs for Paradip considering its product slate advantage (80% output comprises diesel and petrol). With operating costs at ~US$ 2/bbl, this refinery would prove more efficient than peers Bina (BPCL-Oman Oil JV) and Bhatinda (HPCL-Mittal Energy JV)...http://goo.gl/WNluOb
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