|Bid||130.40 x 0|
|Ask||130.60 x 0|
|Day's range||128.55 - 132.40|
|52-week range||71.15 - 132.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||214.41|
Indian Oil Corp has deferred a maintenance shutdown at the 160,000 barrel-per-day (bpd) Haldia refinery by at least 15 days to mid-November to meet higher local fuel demand during the festival season, two sources familiar with matter said. The country's top refiner had planned to shut an about 80,000 bpd crude unit and some secondary units at its eastern India plant from Nov. 1, they said. The refiner plans to shut a crude unit and a vacuum distillation unit for 40 days, a fluidised catalytic cracker for 50 days and a diesel hydro desulphuriser for 25 days, one of the sources said.
Asia’s role as the global center for oil demand will only increase over the next decade, and two Asian nations are working together to ensure they are ready to take advantage of that trend
India state refiners are set to invest 2 trillion rupees ($26.96 billion) to boost oil refining capacity by 20% in Asia's third-largest economy by 2025, junior oil minister, Rameswar Teli, told lawmakers on Wednesday. India, the world's third-biggest oil importer and consumer has refining capacity of about 249 million tonnes a year, equivalent to about 5 million barrels per day (bpd). Refining capacity is expected to climb to 298 million tonnes a year by 2025, Teli said in a written reply.