Tuesday, June 2, 2015

RIL Q4 Refining Rev (-) 41.6%, Profit Up 23.7% GRM $10.1
June02, 2015 (C) Ravinder Singh progressindia008@yahoo.com

Even as RIL Q4 results 45% Decrease in per tone Exports Price of Refined Products and at this rate also reported $10.1 per barrel Gross Refinery Margin and $0.800m profits, Minister of PETROLEUM SAID there is No Decrease in Refining Cost.

Most Shocking he said – GoI saved the Profits to Make Roads & Highways when Reduced Cost of Fuel would have reduced Cost of All Products & Services etc.

Differential Price Index – 7.6% [CPI –WPI]

When Petroleum Products prices ought to have reduced by 45%, actual reduction was 13.0% on YOY Basis and difference between CPI and WPI was 7.6% thus Consumers, Industry and Services SUFFERED due Clandestine Working of MoP, MoRH and MoF.http://rbidocs.rbi.org.in/rdocs/Wss/PDFs/09T_WSS290515FL3C4CCDC4014540A385DFB75DC6E5E3AB.PDF

9. Major Price Indices
Item
2014
2015
Percentage Variation over
Mar.
Apr.
Mar.
Apr.
Month
March
Year
1
2
3
4
5
6
7
1 Consumer Price Index (2012=100)
114.2
115.1
120.2
120.7
0.4
0.4
4.9
1.1 Rural
114.6
115.4
121.1
121.6
0.4
0.4
5.4
1.2 Urban
113.7
114.7
119.1
119.7
0.5
0.5
4.4
2 CPI for Industrial Workers (2001=100)
239.0
242.0
254.0
--
--
--
--
3 Wholesale Price Index (2004-05=100)
180.3
180.8
176.1
176.0
-0.1
-0.1
-2.7
3.1 Primary Articles
239.4
242.4
239.6
241.8
0.9
0.9
-0.2
3.2 Fuel and Power
214.2
211.8
187.3
184.2
-1.7
-1.7
-13.0
3.3 Manufactured Products
154.2
154.6
153.9
153.8
-0.1
-0.1
-0.5

REFINING & MARKETING BUSINESS http://goo.gl/1ObdI6
4Q FY15 revenue from the Refining and Marketing segment decreased by 41.6% Y-o-Y to Rs.56,442 crore ($ 9.0 billion). Refining segment recorded highest ever quarterly EBIT of Rs.4,902 crore, up 23.7% Y-o-Y. This was achieved despite lower crude throughput on account of a planned turnaround during the quarter. GRMs for the quarter were robust at $ 10.1/bbl, supported by lower flat prices resulting in lower fuel costs and firm gasoline, gasoil and naphtha cracks.

RIL’s exports of refined products from India was at $ 5.2 billion during the 4Q FY15 as compared to $ 9.9 billion in 4Q FY14. In terms of volume, exports of refined products were 9.7 MMT during 4Q FY15 as compared to 10.1 MMT in 4Q FY14.

HIGHLIGHTS OF QUARTER’S PERFORMANCE (STANDALONE)
• Revenue (turnover) decreased by 39.7 % to Rs.59,013 crore ($ 9.4 billion)
• Exports decreased by 44.0% to Rs. 37,480 crore ($ 6.0 billion)
• PBDIT increased by 3.8 % to Rs. 10,762 crore ($ 1.7 billion)
• Profit Before Tax increased by 12.8 % to Rs. 8,226 crore ($ 1.3 billion)
• Cash Profit increased by 7.7 % to Rs. 8,658 crore ($ 1.4 billion)
• Net Profit increased by 10.9 % to Rs. 6,243 crore ($ 1.0 billion)
• Gross Refining Margin of $ 8.6/bbl for the year and $ 10.1/bbl for the quarter
• Dividend of 100%, payout of Rs.3,559 crore ($ 569 million)

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Dear friend

Take action to free Htin Lin Oo! He is a writer jailed for criticising religious extremism in Burma.
Htin Lin Oo at his court hearing
No Political Prisoners must be left behind in Burma’s jails!

Today, the military-backed government in Burma sentenced writer Htin Lin Oo to two years in prison with hard labour for criticising religious extremism in Burma.

Htin Lin Oo is a writer and a former information officer from the National League for Democracy (NLD). On 23rd October 2014, he gave a speech at a literary event in Chaung-U Township in Northern Burma. During his speech he criticised the use of Buddhism to promote discrimination and prejudice in the country.

He was arrested on 4th December 2014 after township officials filed a complaint against him. The NLD removed him from his position as information officer after the criminal charges were filed against him.

After being detained for more than six months, he was sentenced to two years in Monywa Prison in Northern Burma.

Email Foreign Secretary Philip Hammond urging him to pressure the Burmese government to ensure the immediate release of Htin Lin Oo and the remaining political prisoners in Burma.

You can also write a letter to Htin Lin Oo to express your solidarity. Please write to the following address:

Htin Lin Oo
C/O The governor of Monywa Prison
Monywa Prison
Sagaing Division
Myanmar

                       

 
For Immediate Release

AIRASIA X AND FLIGHT CENTRE FORGE KEY SUPPLIER AGREEMENT

Inline image 1

SEPANG, 2nd June 2015 – AirAsia X, the long-haul low-cost carrier, an affiliate of AirAsia Group has signed an agreement with The Flight Centre Travel Group (FLT) to strengthen its distribution channel in Australia. 

The agreement is the airline's first in Australia and will see FLT and AirAsia Group work together proactively to promote the airline's fares, create new and unique offerings for customers and grow the outbound travel market.

Benyamin Ismail, acting CEO of AirAsia X said, "AirAsia X sees solid growth opportunities in Australia and is focussed on reinforcing the benefits of the strength of our network across Asia to over 100 destinations including Malaysia, Indonesia, Thailand, China, Japan, South Korea, India and many more."

"By working more closely with FLT, we can highlight our offerings to the company’s extensive customer database and proactively promote to travellers across all of the company's brands and sales channels, particularly its 1000 retail travel shops.

"This brand diversity is important because the traditional low cost carrier (LCC) model is evolving and gaining popularity among a broader customer base.

"While budget conscious travellers often look to LCCs, we are also seeing increased interest from other demographics, including those who are looking to save on the flight component of their holidays and spend more on accommodation."

AirAsia Group co-founder and AirAsia X Group CEO, Datuk Kamarudin Meranun said, ”AirAsia and AirAsia X’s low cost model has provided direct access for many first time travellers to experience overseas travel, but we also recognise the importance of entering strategic partnerships with established retail leaders like FLT in countries such as Australia.”

Executive General Manager of Flight Centre Australia, Melanie Waters Ryan said "AirAsia Group has a strong network and its key destinations - including Bali, Phuket, Kuala Lumpur and Krabi - are among the most popular holiday destinations for FLT's customers and Australian travellers in general," Flight Centre Australia executive general manager Melanie Waters-Ryan said.

"We look forward to working more closely with the AirAsia team and believe this relationship will deliver tangible benefits to both companies and to the travelling public in general.

The agreement will see FLT gain access to AirAsia's full product range via an application programming interface (API) into the Global Distribution System.

April core infra grows at (-) 0.4%


The core infrastructure grows to (-)0.4% (Y-O-Y) in April 2015 as compared to (-)0.1% (Y-O-Y) in March 2015. The combined index of Eight Core Industries stands at 162.4 in April 2015 with a growth rate of (-) 0.4% in April 2015 as compared to 5.7% in April 2014. Crude oil and Natural gas registered a growth rate of (-)2.7% and (-)3.6% respectively in the month of April 2015.

   Sector wise trend in monthly production                                                            (% growth)
Sector
Weight in IIP
April’15
March’15
Crude Oil
5.22
(-)2.7
1.7
Natural Gas
1.71
(-)3.6
(-)1.5
Petroleum Refinery Products
5.94
(-)2.9
(-)1.3
Coal
4.38
7.9
6.0
Fertilizer
1.25
(-)0.04
5.2
Electricity
10.32
(-)1.1
1.7
Cement
2.41
(-)2.4
(-)4.2
Steel
6.68
0.6
(-)4.4
Overall
37.90
(-)0.4
(-)0.1
  Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

In cumulative terms, core infrastructure industries registered a growth of 3.6% during April- March 2014-15 as against 4.2% during the corresponding period of the previous year.

    
    Sector wise trend in production                                                                                   (% growth)  
Sector
Weight
Apr-Mar 2014-15
Apr-  Mar 2013-14
Crude Oil
5.22
(-)0.9
(-)0.2
Natural Gas
1.71
(-)5.2
(-)13.0
Petroleum Refinery Products
5.94
0.4
1.5
Coal
4.38
8.4
1.3
Fertilizer
1.25
(-)0.1
1.5
Electricity
10.32
8.1
6.0
Cement
2.41
5.7
3.1
Steel
6.68
0.8
11.5
Overall
37.90
3.6
4.2
   Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

Electricity generation grew by 8.1% during Apr–March 2014-15 as against 6.0% growth during Apr– March 2013-14, while steel production grew by 0.8% during Apr– March 2014-15 as against 11.5% during Apr- March 2013-14. The production in crude oil grew by (-)0.9% during Apr– March 2014-15 as compared to its growth at (-)0.2% during Apr–March 2013-14, whereas petroleum refinery production registered a growth of 0.4% during Apr–March 2014-15 as compared to 1.5% during Apr– March 2013-14. Fertilizer production grew by (-)0.1% during Apr– March 2014-15 compared to its growth at 1.5% during Apr– March 2013-14 and cement production grew by 5.7% during Apr– March 2014-15 compared to its growth at 3.1% during Apr– March 2013-14.


 Trend in growth of steel, cement, electricitycoal and overall                                 (%)
Source: PHD Research Bureau, compiled from the office of the economic advisor to the Govt. of India

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