IOC Archives - StockEasyNow

As a Russian term arrangement expires, Indian Oil Corp. plans to access the spot oil market

Ratnavali3 months ago3 months ago04 mins

Russian: Due to their inability to reach a price and volume agreement, Rosneft and Indian Oil Corp have not renewed their oil supply agreement, which ended in March. As a result, India’s largest refiner has been forced to turn to spot markets, according to three people with knowledge of the situation who spoke on Monday….

HPCL, and BPCL to make up 31% of FY24 Nifty profit growth; OMCs could hinder FY25 figures

9planetswebs5 months ago05 mins

HPCL: BPCL’s reported Gross Refining Margin (GRM) exceeded Kotak’s estimate, but its implied marketing margin fell short of expectations. On the other hand, HPCL’s Q3 results fell below Kotak’s EBITDA estimate, primarily due to a marketing margin lower than anticipated. According to Kotak Institutional Equities, BPCL, a Nifty constituent, and HPCL, a non-Nifty component with…