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IOC: Good times are over
May 23:
IOC has posted a record post tax profit of Rs 21,346 crore in 2017-18
8But the good times are over.
8Crude prices are unlikely to come down soon and the government will eventually have no option but reimpose price caps.
8Excise duty cuts and other concessions will eventually have to give way to sharing of subsidies between upstream and downstream companies as India heads towards an election year.
8Expect considerably pruned profits going ahead
Click on Reports to know more about what is going on with IOC as of now.
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8But the good times are over.
8Crude prices are unlikely to come down soon and the government will eventually have no option but reimpose price caps.
8Excise duty cuts and other concessions will eventually have to give way to sharing of subsidies between upstream and downstream companies as India heads towards an election year.
8Expect considerably pruned profits going ahead
Click on Reports to know more about what is going on with IOC as of now.
