Oil India

Internet crude realisations have been in keeping with our assumption at $59.8/bbl and fuel realisation remained regular q-o-q at $2/mn BTU. OIL’s EBITDA was sharply under our expectations in Q4FY21 led by decrease oil and fuel volumes and better working bills; internet earnings was boosted by larger dividend earnings. We elevate our FY2022-23 estimates factoring
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