India market today paid Iran $ 400 million to clear part of its past dues for crude oil and its buys from the Persian Gulf nation and will pay another $ 500 million by the month end.
South east Mangalore Refinery and Petrochemicals Ltd (MRPL) paid about $ 183 million (Rs 1,129 crore), Essar Oil $ 171 million, Indian Oil Corp (IOC) $ 41 million and Hindustan Petroleum Corp Ltd ( HPCLBSE 0.54 %) $ 5 million, industry sources said.
India today: Another $ 500 million are due to be paid within this month, they said.
The $ 900 million payment will be on top of $ 1.66 billion the refiners had paid in June/July. Cumulatively, refiners owe about $ 6 billion to Iran.
South east Mangalore Refinery and Petrochemicals Ltd (MRPL) paid about $ 183 million (Rs 1,129 crore), Essar Oil $ 171 million, Indian Oil Corp (IOC) $ 41 million and Hindustan Petroleum Corp Ltd ( HPCLBSE 0.54 %) $ 5 million, industry sources said.
India today: Another $ 500 million are due to be paid within this month, they said.
The $ 900 million payment will be on top of $ 1.66 billion the refiners had paid in June/July. Cumulatively, refiners owe about $ 6 billion to Iran.
TODAY LEVELS:-
BUY NIFTY ABOVE 8020 S/L 7990 TRG
8060/8080
LEAD (31 OCT.) TREND: CONSOLIDATE
ReplyDeleteRES 1: 125.50
RES 2: 126.50
SUPP 1: 122.50
SUPP 2: 121.50
STRATEGY: SELL ON HIGH
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