The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: Sir, first, my question is, we have been saying that when Paradip Refinery gets over, our CapEx will decline. But still, we are consistently maintaining
like INR 25,000 crores, INR 36,000 crores of CapEx every year. So don't you think that we need to take a pause here and rethink about our strategy?
And maybe refurbish our thought process on the projects, which we should take and maybe sharpen the skin share? Because we have not been
able to add any value by completing these projects.
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: So don't you think that in the given environment, where the challenges and uncertainty prevails, we should take a pause on the CapEx plans going
ahead? Or you think that we'll keep on investing the way we have been investing in all the projects everywhere have the segment?
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: And sir, my second question relates to the opening of CGD by the regulator PNGRB. So currently, we are selling gas through our fuel stations. But
they are branded like IGL stations and Mahanagar Gas stations. So do you think to enter this market when the regulator brings open access in the
existing CGD? Do you have any plan for this business as well?
Question: Amit Rustagi - UBS Investment Bank, Research Division - Analyst
: Sir, your guidelines are yet to be notified, but do we have any plans for the gas business per se, for IOC from like maybe 5 to 7 years perspective?
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