Tycoons Keep Stock Market Chemistry Alive
Despite sluggish business, most promoters added wealth.
Despite sluggish business, most promoters added wealth.
Indian state-owned oil and gas companies are investing significantly to increase capacities to boost the country's petrochemical supply.
A study of more than 70 listed Indian chemical firms says overall revenues grew from ₹87,600 crore in FY13 to ₹2,18,400 crore by FY23 with a CAGR of 10%.
Mandaviya says the chemicals industry can form a special purpose vehicle (SPV) and join hands with the central and state govts
From petrochemicals to petroleum refining and further onto telecom and retail, Mukesh Ambani has built multiple business empires in the last two decades.
Company looks to convert 15% of crude into petrochemicals, foray into textile fibre business in a big way.
Expansions at Mumbai, Vizag, Barmer and Bathinda refineries to help increase refining capacity by 17.7 MMTPA to 45 MMTPA by 2024.
Profit from RIL’s digital services, retail, and refining helped offset weakness in its petrochemicals business.
The Mukesh Ambani-led company reported in-line earnings, with retail and telecom helping offset weakness in the petrochemicals business. No signs of deleveraging yet
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.