Refining

Lohum is eyeing a $200 million fundraise and IPO by 2027 as it builds India’s first rare-earth refining hub.

More demand needs to be created for green hydrogen mission to be successful: Report

India can achieve its 5 MMT target through blending, strategic sector selection and leveraging public procurement, Bain & Company, CII and Rocky Mountain Institute say in the report

Indian Oil included 36 new grades in FY23 to expand crude basket

The move allows Indian Oil to enhance its crude basket, to deliver a wider range of feedstocks and optimise its refining processes to produce high-quality petroleum products efficiently, the company said in its annual report for financial year 2022-23.

India may need additional 2 million bpd refining capacity by 2030: IOC chair

India, the world’s third-biggest oil importer and consumer, currently has 5 million barrels per day of refining capacity. IOC controls about a third of that.

Here are some stock ideas from Deven Choksey

In an interview to CNBC-TV18, Deven Choksey of KRChoksey Investment Managers shared his reading and outlook on the market and specific stocks.

Reliance Q2 profit rises 18%; GRM at $10.1/bbl, petchem shines

Petrochemical major Reliance Industries' quarterly earnings beat analysts' estimates on Thursday with standalone profit rising 17.9 percent year-on-year (up 2 percent quarter-on-quarter) to Rs 7,704 crore, driven by petchem as well as refinery businesses.

RIL stock has 15% upside post Q1: IIFL

In an interview with CNBC-TV18, he said that operational performance of refining segment was much better and refining; petrochemical could see better times ahead.

Hope to clock GRMs of $5-6/ bbl in Q4: BPCL

P Balasubramanian, director-finance at BPCL, says the December quarter was a good one, especially on the refining side

IOC to invest Rs 1.75tn in 7 yrs, eyes 100mt output

State-run Indian Oil will more than treble its capex to Rs 1.75 trillion over the next seven years against what it spent in the past five years, with a view to expand refining output by 54 percent to around 100 mt tonnes, investing Rs 50,000 crore in brownfield expansion alone.

RIL's Rs 2 lakh cr investment adds heft to consumer biz

Reliance Industries is in transformation mode. At the end of this transformation, the group will have a more customer-centric approach, with retail and telecom playing a much bigger role in the group's business.

RIL Q4 strong but in line; stock to outperform: Analysts

In an interview with CNBC-TV18‘s Menaka Doshi and Anuj Singhal, IIFL AVP – Research Prayesh Jain, Destimoney President Prayesh Jain and Angel Broking Fund Manager Mayuresh Joshi discussed Reliance Industries fourth-quarter earnings.

India rejects BP's request to market jet fuel

Demand for aviation fuel in India could rise by 2.2 percent in the financial year beginning in April, according to the Petroleum Planning and Analysis Cell in the federal oil ministry.

Refining, petrochemicals key drivers for Reliance: IIFL

Among other oil and gas companies, Prayesh Jain is bullish on BPCL and calls it the best oil marketing company in terms of financial management as well as operational performance.

RIL beats street with refining, petchem boost: JM Fin

Mehul Thanawala, vice-president – research, JM Financial Institutional Securities explains that the performance of the refining and petchem divisions aided Reliance to beat the street‘s estimates.

Going ahead what is expected of RIL?

Reliance Industries (RIL) posted a second consecutive drop in its quarterly net profits due to a decline in refining margins and consistent fall in KG-D6 output.

India oil refining capacity to surge 46% by March 2017

India's oil refining capacity will exceed 6.2 million barrels per day (bpd) by March 2017 from about 4.26 million bpd now, Oil Secretary GC Chaturvedi said in a speech delivered to an industry function on Monday.

JP Morgan rates Reliance Industries at 'underweight'

JP Morgan's re-initiated coverage of Reliance Industries, India's biggest energy conglomerate, with an "underweight" rating and a price target of Rs 650 citing a lack of earnings growth and high valuations.

BPCL lines up Rs 50000cr investment; stock up

Bharat Petroleum Corporation (BPCL) touched an intraday high of Rs 674.05 and an intraday low of Rs 666.50. At 09:27 hrs the share was quoting at Rs 671.40, up Rs 4.95, or 0.74%.