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HPCL says it is on a good wicket
Nov 16: Here are the reasons why everyone is bullish on the company:
8The Kochi refinery expansion is on track and full benefits will be reflected from Q4FY18 when the secondary units operate at around 90%. When fully commissioned, incremental benefit of US$2/bbl on full capacity and opex increase of US$0.5/bbl can be expected.
8HSD market share increase: BPCL has increased HSD market to 27.05% in Q2 against 26.31% in Q1. The company remains confident of defending market share and plans new marketing strategies to counter competitive threats.
8Capex guidance: BPCL expects capex of Rs78/81bn for FY18/19E.
8Subsidiaries record healthy GRM: For H1, Bina refinery had profits of Rs 4.5bn and GRMs were at US$10.6/bbl. The Numaligarh refinery had a PAT of Rs 8.4bn for H1 and GRMs of an unbelievable US$28/bbl including excise duty benefits
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