The main take away is : Hon’ble Supreme Court of India
formally passed further action on the imports of petroleum coke into the
Country to the Committee for Air Quality Management (or CAQM), which
was established to address these areas of environmental regulations.
We await an official ruling from CAQM and are hopeful that there may
be some relaxation on import of GPC that will likely result in increased
capacity utilization of Indian CPC capacities. As a reminder, we are
currently limited to running our facilities in India at about 45% of capacity
because of the import restrictions.
Apart from this, there is price lag due to sudden dropped finish product. some debt reduction has happened. Interest rate have increased that is real pain, but as and when debt reduction will happen rerate of stock price might happen… I think min 1-2 year wait should give real good results. Its not quarterly story playing here.
I’m heavily invested in this stock up to 50% weightage and I prefer to wait.
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