The Central Bureau of Investigation (CBI) has filed a case against Gujarat-based Jaihind Projects Ltd (JPL) over allegations of fraud involving loans amounting to Rs 627 crore taken from five banks, including IDBI.The case has been filed .
The Central Bureau of Investigation (CBI) has filed a case against Gujarat-based Jaihind Projects Ltd (JPL) over allegations of fraud involving loans amounting to Rs 627 crore taken from five banks, including IDBI.
We see earnings of gas giant GAIL IndiaLtd. and oil marketing company behemoth Indian Oil Corporation Ltd. surging by 82%/46.2% YoY while the remaining seven companies will see marginal to material decline in earnings in Q3 FY22E. All companies will see material topline growth based on a significant spike in underlying oil/gas prices YoY. Q3 FY22 average Brent crude oil price is up 76.3% YoY at $78.5/barrel of oil while the price of domestic gas/Japan Korea Marker liquefied natural gas one million futures is up - 62%/3.3 times in Q3 FY22 YoY.