Indian Oil Corporation, Hindustan Petroleum Corporation, GAIL, Bharat Petroleum Corporation, and Oil and Natural Gas Corporation exceeded their capex targets, investing in projects such as the Barmer refinery, biofuel production, and gas marketing network.
Speaking regarding Return on Equity (ROE), proposed norms suggest existing assets at 15.5 per cent and setting 15 per cent for new projects after April 1, 2024, he said discussions were on with the Central Electricity Regulatory Commission (CERC) and power grid was optimistic that final norms won t adversely affect the company s revenue or profitability.
The article sheds light on the key focus areas of the Budget from a legal standpoint, such as macroeconomic measures; infrastructure, FDI investments, Green economy, affordable housing, MSMEs and technology.
Despite a robust launch pipeline, unsold inventory inched up to ₹16,000 crore by the end of December. The company also has big capex plans, looking to spend ₹14,600 crore to develop its office, retail and hospitality assets.
Ashwini Agarwal says “booms and busts all produce extraordinary gains and extraordinary losses and this is part and parcel of it. I do not think it damages the underlying story for India or the global sentiment on India in any way. That is how I look at it. So it is not such a big deal in my personal opinion.”