Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
Indian Oil Corporation Ltd (IOC) is considering setting up its eighth refinery in a western-coast State by 2021-22. The country's largest refiner aims to double its crude refining installed capacity from 65.7 to 123 million tonnes per annum (mtpa) in the next 10 years, through expansion and new greenfield units. At present, IOC is mulling to set up only a refinery — probably in Gujarat or Maharashtra — with an investment of nearly Rs 30,000 crore. However, a petrochemical plant may be set up later, along the lines of the Paradip refinery. The cost is being worked out. However, a timeline was not given for the project. The capacity of the proposed refinery would also be 15 mtpa, as in Panipat and Paradip. The upcoming Paradip refinery, India's most complex and IOC's biggest single investment of Rs 50,000 crore so far, is expected to be commissioned in the next Five-Year Plan. Earlier, the 2008 global economic meltdown had delayed the project's completion as IOC found funding difficult.
The Rs 349-crore, 217-km-long product pipeline from Viramgam to Kandla in Gujarat is expected to be commissioned in a couple of months. It would provide cost-effective link with the sea-route ex-Kandla for coastal movement of surplus products of Koyali refinery and enhance flexibility in the system for ensuring sustained operation of the refinery. Currently, IOC is importing 55 mtpa of oil and procuring 10 mtpa of indigenous crude for refining. It is exporting 1.5 mtpa of naphtha as a prelude to India's ambition to emerge as an exporter of petroleum products. India's installed refining capacity is 193 mtpa, with private sector majors RIL and Essar accounting for 16 and 18 mtpas, respectively, the rest being with public sector refiners. Indian Oil has also identified 75 acres near Koyali for acquisition. The refiner is setting up an Rs 160-crore reverse osmosis plant at Koyli for effluent treatment to make the refinery safer and environment-friendly. The plant, with a capacity to recycle 1,600 metre cubes of water per hour, will be completed in two years.
| Company Name | CMP |
|---|---|
| Reliance Industries | 2859.60 |
| Indian Oil Corp. | 162.40 |
| BPCL | 627.60 |
| HPCL | 537.05 |
| MRPL | 203.15 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
