{"id":373686,"date":"2020-09-15T11:19:58","date_gmt":"2020-09-15T05:49:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373686"},"modified":"2020-09-15T12:07:19","modified_gmt":"2020-09-15T06:37:19","slug":"indian-oil-targets-textiles-in-hunt-for-margins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-targets-textiles-in-hunt-for-margins\/","title":{"rendered":"Indian Oil targets textiles in hunt for margins"},"content":{"rendered":"<p>NEW DELHI\/SINGAPORE : Indian Oil Corp will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India&#8217;s largest refiner said on Monday.<\/p>\n<p>&#8220;We see petrochemical integration as the way forward&#8230;Petrochemicals gives us that ability to de-risk from low cracks (refining margins),&#8221; S.M. Vaidya said at the online Asia Pacific Petroleum Conference (APPEC).<\/p>\n<p>India&#8217;s per capita consumption of petrochemicals is one of the lowest in the world, but consumption is expected to rise with rising income levels. <\/p>\n<p>&#8220;Over the long term, (the) focus will be on capacity augmentation, getting into the areas of niche petrochemicals with further forward integration into textiles,&#8221; Vaidya said, describing this as &#8220;key for sustaining our competitiveness margins and growth trajectory&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI\/SINGAPORE : Indian Oil Corp will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India&#8217;s largest refiner said on Monday. &#8220;We see petrochemical integration as the way forward&#8230;Petrochemicals gives us that ability to de-risk from low cracks (refining margins),&#8221; S.M. Vaidya said at the online Asia Pacific Petroleum Conference (APPEC). India&#8217;s per capita consumption of petrochemicals is one of the lowest in the world, but consumption is expected to rise with rising income levels. &#8220;Over the long term, (the) focus will be on capacity [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-373686","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=373686"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373686\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}