News Release Details
IndianOil’s share as “the safest bet”
New Delhi 21-Aug-2007
<b>3rd Bankers Meet of International lenders</b> IndianOil had organised the 3rd Banker’s Meet of international lenders in Mumbai on 17th August’07 to share the experiences of the recent developments in oil sector and IndianOil’s strategies to face the challenges of the emerging environment. The meet, presided by Mr. S.V. Narasimhan (Director), Finance, was well attended by the senior bankers from 15 foreign as well as domestic banks. Mr. Narasimhan in his welcome address shared the milestones achieved by the organisation amid tough competitive environment, spiraling crude oil prices and interest rates. He also expressed his gratitude to the banking sector for their unflinching support in the hours of need. Mr. Satish Chand Jain(ED), Corporate Finance, made a presentation to the delegates sharing the performance review of the company and the strategic business plans of the organisation. Mr. Somshankar Sinha (Investment Analyst), CLSA India Ltd, made a presentation on the oil sector. CLSA considers IndianOil’s share as “the safest bet” in the light of diversified earnings profile, sustained dividend support, organic growth, forward & backward integration and valuable investments. Mr. K Ravichandran (Vice President & Co-Head), Corporate Rating, ICRA Limited, made a SWOT analyses on refining & marketing businesses of IndianOil. ICRA projected the financial and operational strength of IndianOil to continue considering the liquidity and financial flexibility provided by its investment portfolio, upcoming petrochemical projects, significant sovereign ownership and its strategic importance to the Government. The regular sharing of achievements of IndianOil along with the future plans with the bankers at a common platform facilitates in maintaining harmonious and enduring relationship with them.
New Delhi 21-Aug-2007
<b>3rd Bankers Meet of International lenders</b> IndianOil had organised the 3rd Banker’s Meet of international lenders in Mumbai on 17th August’07 to share the experiences of the recent developments in oil sector and IndianOil’s strategies to face the challenges of the emerging environment. The meet, presided by Mr. S.V. Narasimhan (Director), Finance, was well attended by the senior bankers from 15 foreign as well as domestic banks. Mr. Narasimhan in his welcome address shared the milestones achieved by the organisation amid tough competitive environment, spiraling crude oil prices and interest rates. He also expressed his gratitude to the banking sector for their unflinching support in the hours of need. Mr. Satish Chand Jain(ED), Corporate Finance, made a presentation to the delegates sharing the performance review of the company and the strategic business plans of the organisation. Mr. Somshankar Sinha (Investment Analyst), CLSA India Ltd, made a presentation on the oil sector. CLSA considers IndianOil’s share as “the safest bet” in the light of diversified earnings profile, sustained dividend support, organic growth, forward & backward integration and valuable investments. Mr. K Ravichandran (Vice President & Co-Head), Corporate Rating, ICRA Limited, made a SWOT analyses on refining & marketing businesses of IndianOil. ICRA projected the financial and operational strength of IndianOil to continue considering the liquidity and financial flexibility provided by its investment portfolio, upcoming petrochemical projects, significant sovereign ownership and its strategic importance to the Government. The regular sharing of achievements of IndianOil along with the future plans with the bankers at a common platform facilitates in maintaining harmonious and enduring relationship with them.