Indian Markets Saw Sharp Dip In Oil Demand In February And March: HPCL - Dollar Advisory Financial Services

Breaking

Tuesday 14 March 2017

Indian Markets Saw Sharp Dip In Oil Demand In February And March: HPCL

Indian market saw a big fall in fuel demand in January and February, said MK Surana, Chairman and Managing Director, HPCL.
However, he added that the negative figures are slowly tapering off and demand for the month of March is almost comparable to last year figures.

When asked about the potential Rs 44,000 crore ONGC-HPCL merger deal, Surana declined to offer any comment.

On the financial front, the company’s standalone specialty chemical business is valued at Rs 5,000 crore, while its market capitalisation is seen at Rs 6,500 crore.

The company, a part of the INOX Group, holds 63 percent stake in INOX Wind which is valued at Rs 2,500 crore. Simultaneously, it also holds 48 percent stake in INOX Leisure, which is valued at Rs 1,150 crore.

For more information Call us ✆ +91 7400-734000 or Visit Dollar Advisory

No comments:

Post a Comment