As the government prepares to present the budget for 2017-18 in next few weeks, all eyes would be on whether it tries for fiscal consolidation or gets into a populist mode. One of the items facing considerable attention is outgo on subsidies which has risen sharply from little over Rs 70,000 crore in FY08 to … Continue reading Government Subsidy – Where Does the Money Go..??
Declaration of results for June’16 quarter by Indian Oil (IOC) and Bharat Petroleum (BPCL) earlier this week completed the results season for the sector. The sector had a good run with 21% increase in profits even though sales came down marginally by 2% as per the standalone financials of listed companies. Aggregate revenue for the … Continue reading Results Analysis – Petroleum Refining sector..
India has nearly 24,000 mw of natural gas based power plants. Till about a year back, about 14,000 mw of them were lying completely idle whereas the remaining 10,000 mw were running at an average PLF (capacity utilization) of 30-40% due to high price of gas. (My Second in the series on Power sector … Continue reading Gas Pricing – Another Power Sector achievement..