Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Indian oil firms' profits to surge over 50% this year due to stable prices and strong margins.

flag Indian oil marketing companies (OMCs) are projected to see operating profits rise over 50% this fiscal year, reaching $18–20 per barrel from $12, driven by stable fuel prices and favorable crude oil conditions, according to Crisil Ratings. flag Stronger marketing margins, supported by a projected crude price of $65–67 per barrel and a $14 per barrel marketing margin, are expected to boost cash accruals to Rs 75,000–80,000 crore. flag This improved financial health will support a Rs 90,000 crore capital expenditure plan focused on domestic infrastructure and green energy, while the debt-to-EBITDA ratio is forecast to drop to 2.2 times from 3.6 times.

6 Articles