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Rollover Completed Now...
Hold All Given Positions Now In September And Above Months...
Hold Bhai Hold, Araam Se Hold...
Har Samay Rone Se Kaam Nahi Chalta Hai...
Hold Tightly With Patience...
No Change...
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Thursday, August 31, 2023
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Krishnakumar highlighted the company's aim to enhance refining capabilities, with a particular focus on northern India, where a predicted product deficit of approximately 10 MMT per annum by 2030 looms.
The merger of Bharat Oman Refineries (BORL) into BPCL during the year has provided a significant boost to refining capabilities of the company.
Krishnakumar also said that BPCL is expanding the capacity of its Bina Refinery from 7.8 MMTPA to 11 MMTPA, thereby securing its markets in northern and central India.
The capacity of Bina refinery after the expansion will be around 220,000 barrels per day (bpd).
BPCL is also building a Rs 490-billion ethylene cracker at the 156,000 barrels per day (bpd) at its Bina refinery. The ethylene cracker will raise the Bina refinery's share of petrochemicals in its business to 8 percent.
The second-largest downstream oil company in India will also invest Rs 10 billion to set up 50 megawatts of captive wind power plants for its 240,000 barrels per day (bpd) Mumbai refinery and Bina refinery in central India.
In addition, BPCL is considering adding a Polypropylene project to its 310,000 bpd Kochi refinery in Southern India.
In the gas sector, BPCL is expanding its city gas distribution networks with a capital outlay plan of over Rs 375 billion. The merger with Bharat Gas Resources (BGRL) strengthens BPCL's gas portfolio.
In the marketing sector, BPCL plans to elevate its brand value and customer experience by harnessing technology and analytics. Investments of approximately Rs 27.53 billion will be directed towards setting up petroleum oil & lubricants and lube oil base stock installations at Rasayani to ensure seamless product supplies.
BPCL also plans to expand its presence in the FMCG sector, particularly in rural markets, with in & out stores operational in rural India.
The company is creating village eco-centers, training rural women to become village-level entrepreneurs.
BPCL's green energy initiatives include providing electric vehicle charging facilities at 7,000 energy stations, progressing towards achieving higher ethanol blending, setting up renewable energy projects, and producing compressed bio-gas (CBG) from various sources.
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Bharat Petroleum Corp (BPCL) on August 28 announced that in the next five years, it will spend around Rs 1.5 lakh crore (Rs 1.5 trillion) towards its transformative initiative, 'Project Aspire'.
As part of Project Aspire the state-owned oil marketing company (OMC) will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, Chairman and Managing Director G Krishnakumar said at its 70th annual general meeting.
"The company has set a planned capex outlay of around Rs 1.5 trillion in the next five years, which will enable BPCL to create long-term value for our stakeholders while preserving our planet for future generations," Krishnakumar said at the meeting.
Krishnakumar also said BPCL would invest Rs 1 trillion between now and 2040 for projects including green hydrogen, carbon capture, utilisation, and storage (CCUS) and on improving energy efficiency to cut emissions.
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Wednesday, August 30, 2023
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Reliance Industries Ltd (RIL) has become India’s largest bio-energy producer based on the company’s indigenously developed technology, Chairman Mukesh Ambani recently said at the company’s annual general meeting (AGM).
In North India, stubble burning is a major cause of air pollution. During the onset of winter, farmers set agricultural waste on fire to get rid of it and prepare the fields for sowing again. This causes pollution levels to rise and the air quality index to reach severe levels.
Reliance has commissioned its first commercial-scale compressed bio-gas (CBG) plant at Barabanki in Uttar Pradesh in 10 months, Ambani had informed the AGM.
It had earlier set up two demo units for CBG at Jamnagar.
Reliance now plans to rapidly scale this up to 25 CBG plants across India.
Ambani said RIL targets to establish 100 compressed bio-gas (CBG) plants in the next five years, consuming 5.5 million tonnes of agro-residue and organic waste.
The company said the move would help in mitigating nearly 2 million tonnes of carbon emissions, and producing 2.5 million tonnes of organic manure annually. Reliance expects that this would also result in a reduction of about 0.7 MMTPA (million metric tonnes per annum) of imported LNG.
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SRF has a presence across fluorochemicals, specialty chemicals, packaging films, technical textiles, and coated and laminated fabrics. However, it is the company's fluorochemicals and specialty chemicals segments that are expected to emerge as the key drivers, fuelling its long-term growth.
Banking on the recent phase of high growth for the specialty chemicals space, SRF has reported revenue/EPS growth at 22 percent and 35 percent CAGR (Compounded Annual Growth Rate), respectively, in the last five years. But that's not all, the company has also been dedicated to a phase of rapid capacity expansion as it aims to present itself as an alternative to China within the specialty chemicals suppliers space.
The underlying aspect of SRF's strong growth prospects is its management's confidence. Despite the recent slowdown within the chemicals industry due to high-cost inventory destocking, the management has continued to stick to its capacity expansion plans, securing its future even if the present looks a bit bleak.
For context, projects worth about Rs 3,200 crore are expected to get capitalised in FY24. They include Rs 1,100 crore capex for fluorochemicals and Rs 1,400 crore for specialty chemicals.
With the exit or clamp down in production by several European players due to environmental restrictions in Europe, the company has also managed to fill the void and gain some market share within the global specialty chemicals market, especially in fluorine-related products.
Adding to that, brokerage firm Nirmal Bang Institutional Equities also highlighted that China's chemicals industry focuses mainly on bulk chemicals and lacks a player with a strong presence in the organic fluorospecialty space, whereas India has the relevant skill sets and could be a big beneficiary.
"US, EU and Japan are aggressively looking at India as the alternative supply destination to China and hence are also ready to pay the premium as Indian companies have better capabilities in the organic fluoro specialty business," the firm stated.
Moreover, considering that most domestic chemicals companies are investing heavily in expanding their capabilities in the backdrop of the large opportunity size, the firm believes that pure-play fluorine companies like SRF are preferred options when fluorination is the core chemistry in the molecule being developed by the customer.
Moreover, SRF is also making a full-fledged foray into Active Pharmaceutical Ingredients (APIs), set to materialise over the next two years, which will open more avenues of revenue generation.
Besides, the government is also pushing towards reducing India's reliance on Chinese imports for chemicals that can be made domestically. A likely production-linked incentive scheme might also be on the cards for the chemicals sector which will only add to the multiple growth boosters for SRF.
Sharekhan also sees SRF as a quality player and believes that its investment in the specialty chemicals space provides strong long-term earnings growth prospects.
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#A3RT ``TRUST AND TRADE``
All Levels Rocked Given By Me.. Check My Previous All Twits .. Rollover Completed, If Not Then Finish This Work On Immediate Basis... Hold Tightly With Patience.. Bola Tha Na Aise Aise Technical Bhida Kar Market Down Kar Rahe Hain Jaise Baap Re...Tuesday, August 29, 2023
Monday, August 28, 2023
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India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in over a century, two weather department officials told Reuters on Monday.
The summer rainfall deficit could make essentials such as sugar, pulses, rice and vegetables more expensive and lift overall food inflation, which jumped in July to the highest since January 2020.
The monsoon, vital for India's $3 trillion economy, delivers nearly 70% of the rain the country needs to water crops and refill reservoirs and aquifers. Nearly half of the farmland in the world's most populous nation lacks irrigation.
"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD). They declined to be identified since they were not authorised to brief the media.
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Friday, August 25, 2023
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📢 Fed Chair Powell's Jackson Hole speech highlights:
📷 Inflation remains too high for the Fed.
📷 Rates may be raised further if necessary.
📷 The Fed will exercise caution in decision-making.
Immediate market reaction:
📷 Bond yields jump
📷 Stocks take a hit.
#jacksonhole2023 #powell #fed #inflation #interestrates
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All the sectoral indices ended in the red with capital goods, FMCG, PSU Bank, metal, realty, power down 1 percent each.
Benchmark indices ended lower on August 25 with Nifty around 19,250 amid selling across the sectors.
At close, the Sensex was down 365.83 points or 0.56 percent at 64,886.51, and the Nifty was down 120.90 points or 0.62 percent at 19,265.80. About 1446 shares advanced, 2079 shares declined, and 110 shares unchanged.
Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC and Bharti Airtel are among the top gainers on the Nifty, while losers are Dr Reddy's Laboratories, Adani Ports, JSW Steel, Power Grid and Larsen and Toubro are among the major losers on the Nifty.
All the sectoral indices ended in the red with capital goods, FMCG, PSU Bank, metal, realty, power down 1 percent each.
BSE Midcap index down nearly 1 percent and Smallcap index down 0.2 percent.
@arbindtiwariT
Thursday, August 24, 2023
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Majority of the members of the Monetary Policy Committee (MPC) expressed caution on the pickup in retail inflation in the near-term, showed the minutes of the monetary policy meeting held on August 8-10.
RBI Governor Shaktikanta Das cautioned that headline inflation is expected to harden significantly in July-August, driven by the spike in tomato and other vegetable prices, the minutes showed.
Another member Rajiv Ranjan noted that the forecast of continuation of uneven monsoon in the next two months together with an El Nino event, amid volatile global food prices, makes the food price outlook uncertain.
Ashima Goyal, another member in the six-member MPC panel, said important factors including the progress of the rest of the monsoon and possible supply-side action needs to be watched while deciding future rate course.
Also, further pass through of past rate hikes, the behavior of food prices and the evolution of core inflation, have all to be carefully observed, Goyal said.
As expected, the Monetary Policy Committee (MPC), which sets interest rates in India, on August 10 kept the repo rate unchanged, citing the continuing threat from inflation in Asia's third-largest economy.
The decision came in the wake of a recent spike in inflation triggered by high prices of food items. One basis point is one-hundredth of a percentage point. The MPC kept the repo rate, or the rate at which the central bank lends short-term funds to banks, at 6.5 percent.
The language of the monetary policy suggested that the RBI is clearly on a wait-and-watch mode as inflationary fears continue to loom large over the economy despite a decline in the recent months.
Since May 2022, the RBI has hiked the rates by 250 bps as part of its fight against inflation. India's headline retail inflation rate crashed past the upper bound of the RBI's 2-6 percent tolerance range in July and shot up to a 15-month high of 7.44 percent, spurred on by a massive increase in vegetable prices.
Retail inflation had hit 4.81 percent in June from 4.31 percent in May, pushed up by a rise in vegetable prices and fading away of the favourable base effect.
At 7.44 percent, the Consumer Price Index (CPI) inflation print for July was a huge 257 basis points (Bps) higher than the revised June number of 4.87 percent and is the 46th month in a row that it has come in above the RBI's medium-term target of 4 percent.
One basis point is one-hundredth of a percentage point.
In August monetary policy, the central bank made an upward revision to its inflation forecast for 2023-24, raising it by 30 bps to 5.4 percent.
The RBI latest CPI inflation projections for 2023-24, assuming a normal monsoon, was revised to 5.4 per cent, with Q2 at 6.2 per cent, Q3 at 5.7 per cent and Q4 at 5.2 per cent. CPI inflation for Q1:2024-25 is projected at 5.2 per cent.
"Given the likely short-term nature of these shocks, monetary policy can look through high inflation prints caused by such shocks for some time," RBI Governor said during monetary policy address on August 10.
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Investors with short position on Nvidia lost $826 million in mark-to-market losses on Thursday, data from analytics firm S3 Partners showed, as the world's largest chipmaker's shares surged after a strong revenue forecast.
Bearish bets on the chip designer, which is the biggest beneficiary of AI boom, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst-performing short bet, S3 Partners said.
Nvidia shares rose 7.4% to $506.30 before the opening bell.
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