India's refining capacity to double : Dharmendra Pradhan

Capacity to reach 600 million tonnes

by Dolly Basantani

According to Petroleum Minister, Dharmendra Pradhan, India’s refining capacity is to be doubled to meet the growing need of petroleum products. At present, India has a capacity of more than 235 million metric tonnes. The refining capacity is targeted to touch 600 million metric tonnes.

In line with PM Narendra Modi’s aim of reducing oil imports by 10 per cent by 2022, Pradhan said that about 75 per cent of the domestic demand would be fulfilled by indigenous production by 2040.

References
1. http://economictimes.indiatimes.com/news/industry/energy/oil-gas/india-to-double-its-refining-capacity-petroleum-minister-dharmendra-pradhan/articleshow/58286723.cms
CMIE STATISTICS
Unemployment Rate
Per cent
4.3 -0.1
Consumer Sentiments Index
Base September-December 2015
94.7 +0.2
Consumer Expectations Index
Base September-December 2015
94.5 0.0
Current Economic Conditions Index
Base September-December 2015
95.0 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 16 Dec 16 Mar 17 Jun 17
New projects 2.38 1.50 2.97 1.68
Completed projects 2.23 0.95 1.86 1.12
Stalled projects 0.65 1.01 0.35 2.66
Revived projects 0.91 0.18 0.62 0.29
Implementation stalled projects 0.38 0.82 0.33 0.67
Updated on: 21 Sep 2017 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 16 Dec 16 Mar 17 Jun 17
All listed Companies
 Income 2.1 6.2 10.3 10.2
 Expenses 1.9 6.4 11.9 10.5
 Net profit 14.6 40.3 17.0 -18.4
 PAT margin (%) 6.9 6.1 6.1 5.4
 Count of Cos. 4,500 4,502 4,423 4,199
Non-financial Companies
 Income 0.6 6.0 11.8 10.8
 Expenses -0.2 7.3 15.6 11.0
 Net profit 26.6 24.6 -1.9 -23.7
 PAT margin (%) 6.9 6.2 6.3 5.3
 Net fixed assets -9.2 7.6
 Current assets 8.1 2.2
 Current liabilities 11.6 8.6
 Borrowings 3.1 5.0
 Reserves & surplus 8.4 6.5
 Count of Cos. 3,481 3,487 3,435 3,281
Numbers are net of P&E
Updated on: 21 Sep 2017 8:30PM
Annual Financials of All Companies
(% change) FY13 FY14 FY15 FY16
All Companies
 Income 12.6 10.0 5.0 1.0
 Expenses 12.8 9.9 5.1 1.2
 Net profit 1.0 -2.2 1.1 -15.2
 PAT margin (%) 3.5 3.2 3.2 3.0
 Assets 14.3 12.3 9.4 8.8
 Net worth 9.6 9.6 8.8 7.7
 RONW (%) 6.8 6.2 6.1 5.3
 Count of Cos. 25,932 23,621 23,131 19,375
Non-financial Companies
 Income 11.9 9.7 4.1 0.0
 Expenses 12.3 9.3 4.3 -0.6
 Net profit -8.4 -2.4 -6.3 6.5
 PAT margin (%) 2.4 2.2 2.1 2.7
 Net fixed assets 12.9 11.6 13.1 13.9
 Net worth 7.9 8.2 7.3 7.0
 RONW (%) 5.5 5.1 4.9 5.6
 Debt / Equity (times) 1.1 1.1 1.1 1.0
 Interest cover (times) 2.1 2.0 1.9 2.0
 Net working capital cycle (days) 72 69 67 67
 Count of Cos. 20,312 18,893 18,620 15,945
Numbers are net of P&E
Updated on: 21 Sep 2017 10:15AM

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