Disappointing Q-2 performance: HPCL will make up going ahead
Nov 15:
HPCL registered a disappointing GRM in Q2 2017-18. 8The GRM was at least $3/bbl lower than estimate 8Sub-optimal GRM was attributed to monsoon-related lower offtake of bitumen, which led to higher production of fuel oil. 8Since this was a weather-related problem, the expectation is that the performance will improve going ahead. Go to Reports for a detailed analysis of the company and where it is going from here