Downstream

As part of 'Project Aspire', BPCL will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, G Krishnakumar said at its 70th annual general meeting

Hindalco to gain from higher cash flows, finds Morgan Stanley

Morgan Stanley is overweight on Hindalco Industries with a target price of Rs 147. The brokerage house believes improved cash flows from higher aluminium price and volume growth should drive deleveraging for the company.

JSW Steel Q4 misses estimates, net tanks 87% at Rs 62 cr

During the period, its operating profit declined 33.5 percent at Rs 1682.6 crore versus Rs 2528.7 crore (Y-o-Y). Operating profit margins (OPM) was at 13.4 percent versus 17.6 percent on yearly basis. Profit before tax loss stood at Rs 112 crore versus gain at Rs 483 crore (Y-o-Y).

Downstream oil cos in 'bright spot' in energy: Goldman

"With diesel/ gasoline prices now adjusting to international levels every fortnight and direct transfer of subsidy to LPG consumers kicking in, we continue to see better cash flows and returns among OMCs," a Goldman Sachs report says.

IOC to invest more than Rs 30000 cr in petrochemical sector

According to sources, IOCL is planning to establish an ethylene oxide purification unit in its Panipat refinery, a Rs 5000 crore greenfield project for acrylic and acetic acid production in Gujarat, and a polymer polypropylene unit in Paradip, making the total cost of these projects more than Rs 30,000 crore.