Indian Oil Corporation Ltd: Ramp-up at Paradip Drives 18% Growth in EBITDA for 4Q FY 2017 - A Credit Positive
CORPORATES ISSUER COMMENT 29 May 2017 Contacts Vikas Halan 65-6398-8337 VP-Sr Credit Officer [email protected] Sweta Patodia 65-6398-8317 Associate Analyst [email protected] Laura Acres 65-6398-8335 MD-Corporate Finance [email protected] Indian Oil Corporation Ltd Ramp-up at Paradip Drives 18% Growth in EBITDA for 4Q FY 2017 - A Credit Positive On May 25, Indian Oil CorporatIndian Oil is engaged in the sale of imported crude oil; and exploration of petrochemicals, and oil and gas. Co.'s products include liquefied petroleum gas, natural gas, petrol/gasoline, diesel/gas oil, aviation turbine fuel/jet fuel, lubricants and greases, marine fuels and lubricants, kerosene, bulk/industrial fuels, bitumen, petrochemicals, and crude oil. Co. also provides other products, which comprise benzene, carbon black feed stock, food grade hexane, jute batching oil, micro crystalline wax, mineral turpentine oil, paraffin wax, propylene, raw petroleum coke, sulphur, and toluene.
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