Stockrabit · Analysts
Questions across 13 calls

Mayank Maheshwari

Morgan Stanley

GAIL (India) Limited

GAIL (India) Limited CC-Feb26.pdf · 2026-02-02
Sir, thank you for doing the call. Just a question around CAPEX now. Considering your petrochemicals projects are getting completed this year, and if you can give us a timeline of when they kind of start up on each of them, how much are you thinking about CAPEX for fiscal 27? Thank you.
Got it. So, a very clear answer. The timeline on the completion of the petrochemical plants this year, like when are you thinking which starts up, PTA, Mangalore, PP, PDH, like when do they start up now from your timeline perspective?
GAIL (India) Limited CC-Dec24.pdf · 2025-01-30
Good evening, sir. My first question was related to the marketing side of the business. In terms of volumes for next year considering the deallocation of gas for City Gas, do you think GAIL will be able to kind of take market share in terms of marketing next year considering the requirements for City Gas on even LNG now?
So, sir, a follow-up on that considering the requirements are reasonably big over the next three to five years, correct, I am not talking about this next year. How are you kind of thinking about tying it up in terms of sourcing of volumes as well? Does that mean that you will have to kind of now be a bit more aggressive next year in tying up another 5-10 year volumes?

Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited CC-Jan26.pdf · 2026-01-22
Thank you for the great introduction. Just 2 questions. First, on Visakh in terms of the scale -up of the RUF unit. When do you think you can run to full utilization? And can you just give us an idea of what percentage of the HPCL group will basically be sourcing diesel after the RUF coming through and after the Rajasthan coming through in terms of -- coming from outside your ecosystem?
Got it. So one, Rajasthan plus MRPL, your stake plus HMEL plus HP all put together, you'll be pretty much completely neutral on diesel in terms of refining plus -- how much you are refining as marketing, correct? Is that right thinking?

Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited CC-Jun25.pdf · 2025-08-14
Sir, thank you for the call. A few questions more from a marketing perspective on fuels. One in terms of diesel, especially on retail diesel, can you just tell us how your market share has trended on retail diesel? And the second question was in terms of industrial side, obviously, I think there is a reasonable amount of competition. Can you just say what is going on subjectively from a competition perspective? And how does the recent regulatory changes on ATF pipelines impact you from a market share perspective on jet fuel? Thank you.
And sir, does this change in the opening of the pipeline network impact you in terms of competition at all on ATF?
Bharat Petroleum Corporation Limited CC-Mar25.pdf · 2025-05-02
Two questions from my end. One was related to fuel marketing. If you look at over the last year or so, you have seen a bit of a decline in your market share on retail fuel market, especially on diesel and gasoline and even on industrial side as well, I suppose you have lost some market share. How are you kind of thinking about from a strategy perspective in terms of the next few years on the market share? And where do you think you kind of settle it on the transportation side, specifically in terms of market share for fuel, sir?
And the second question was in terms of Kochi refinery on the petrochemical side. Can you just give us details around how much EBITDA and earnings you made on the Kochi side on petrochemicals?
Bharat Petroleum Corporation Limited CC-Jun24.pdf · 2024-07-20
Two questions from my end. First was more on market share. I think especially on an overall basis, you have grown a bit slower this quarter compared to the industry growth. So can you just comment in terms of how you are trying to defend your position cons idering the impact of private player's demand -- competition that's coming through? Any things that you're seeing there that you can kind of help us out?
So you think your diesel market share comes back to you? Or do you think this will be a new normal that you kind of expect now?
Bharat Petroleum Corporation Limited CC-Sep24.pdf · 2024-07-20
Two questions from my end. First was more on market share. I think especially on an overall basis, you have grown a bit slower this quarter compared to the industry growth. So can you just comment in terms of how you are trying to defend your position cons idering the impact of private player's demand -- competition that's coming through? Any things that you're seeing there that you can kind of help us out?
So you think your diesel market share comes back to you? Or do you think this will be a new normal that you kind of expect now?
Bharat Petroleum Corporation Limited CC-Mar24.pdf · 2024-05-10
Two questions from my. First was in terms of the petrochemical project at Kochi, can you just talk us of how has been the progress in terms of margin contributing in this year in this quarter and any improvement in terms of the overall profitability of that project? And the second one was more related to renewables. You are talking about 10 -gigawatt target in terms of renewable capacity. Can you just walk us through how it will lower your operating costs at the refinery level once you have this 10 gigs of capacity coming in in terms of renewables?
Sir, just to follow up on that point, can you just tell us what is your total power requirement across the BPCL overall today, across three refineries and everything else that you use power for?
Bharat Petroleum Corporation Limited CC-Dec23.pdf · 2024-01-30
Thank you for the call and the detailed comments earlier . Couple of questions, first was in terms of on the Kochi side, can you just talk to us in terms of the contribution on the petrochemical side and the chemical side and how has been the operations looking like now going forward?
Okay and can you just talk to us in terms , is it the industry which is leading to th ese losses still after m ultiple years or it is something more related to your exports of propylene that you have to do?
Bharat Petroleum Corporation Limited CC-Sep23.pdf · 2023-10-30
A couple of questions from my end. I'll just start with a bit on the capital allocation side. If you can kind of give us a bit of a big picture view around how are you thinking over the next 3 years in terms of total capital and the capex deployment. You talked about the petrochemical complex. You talked about the new energy side. Can you just give us a sense of how we will be deploying the capex over the next 3 years? And what kind of returns are you kind of expecting out of that?
And sir, I think just on the focus on the petrochemical side. Obviously, you talked about last time in the conference call of integrating and how it will work with the Bina side. But now we are starting to see even Petronet today basically come out and sai d that they are trying to do a PDH plant as well. So, from a timing perspective, execution perspective as well as how will you differentiate as BPCL in your petrochemical side? Can you just give us a bit of a subjective around that?

Indraprastha Gas Limited

Indraprastha Gas Limited CC-Sep23.pdf · 2023-11-02
Thank you for the call, sir. A couple of questions on the strategic side. One was in terms of when you think about elasticity of demand, considering your margins are pretty healthy right now, do you think you will be able to see some demand el asticity if the spreads versus petrol and diesel were to go up higher? Like, how are you thinking about that? And the second thing was in terms of capex allocation, considering all the policy changes, how are you thinking about capital allocation for the next five years? Thank you. Sanjay kumar: So, your first part of the question was related to price elasticity. So, if you see last one year, the conversions had gone to around 12,500, 13,000 per month level. And we had previously seen a peak of around 17,000, 18,000 when the price gap was substantially large. So, history says that there is price elasticity. And if we are able to increase it, it should give us more conversions, which will result in higher volume growth. So, that fact remains that price elasticity is there. People are mindful of the economic benefits. And if they are able to reap that, they will switch to CNG as a fuel, given that it's also environmental friendly. So, price elasticity, your point is valid that it is there. And if given an opportunity, we'll have to basically see for a longer period of time at what level we are in terms of EBITDA and how further growth is expected. Based on that, we'll take pricing decisions, whether to reduce or increase or take some hit on EBITDA and increase the gap. So, that is an ongoing process.
But nothing right now that you are thinking that will help the demand, correct?

Petronet LNG Limited

Petronet LNG Limited CC-Sep23.pdf · 2023-10-30
I have two questions from my side. First on the project itself, on petrochemical, have you kind of done something around the experience of the PDHs in China and where does Petronet actually kind of stack up better or any competitive advantage that you have, anything that we have done in terms of study relative to China?
And sir, the second question on more related to like the competitiveness of your project versus let us say, BPCL is starting up around a similar time and some of the others are actually starting up in around 1 or 2 years here and there, so what is the competitiveness of this project that you could kind of highlight to us versus all the others that are coming up in the country?