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Indian Oil Corporation: Will the bull ride be derailed?
Oct 05: Just when Indian Oil Corporation is on a roll after the successful commissioning of the 15 MMTPA Paradip refinery, the sharp flare up in crude prices has evoked fears of a rollback of deregulation by a government fearful of the political fallout of high retail prices.
8The website carries here a series of projections on the company's fundamentals over the next two years
8But that is assuming nil under-recoveries
8Any potential imposition of subsidies will act as a drag on earnings
8Regulatory change in the form of a reduction in duty protection will lower refining margins.
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