Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

India to account for over 50% of upcoming crude oil refinery projects in Asia by 2025, says GlobalData

10/26/2021 | 08:56am EST
26 Oct 2021
India to account for over 50% of upcoming crude oil refinery projects in Asia by 2025, says GlobalData
Posted in Oil & Gas

India is likely to start the operations of 85 crude oil refinery projects, accounting for about 52% of the upcoming crude oil refinery projects in Asia between 2021 to 2025 driven by rising consumption of oil and economic growth, according to GlobalData, a leading data and analytics company.

GlobalData's latest report, 'Global Crude Oil Refinery Projects Outlook, 2021-2025', reveals that out of the 85 projects, two projects are new-build and 83 represent expansions of existing projects.

In India, 44 upcoming refinery projects are in the approval stage and likely to start operations between 2021 and 2025. Construction and feasibility are the other major project stages with 22 and 19 projects, respectively.

Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: "India, being one of the leading consumers of petroleum products in the world, continues to add substantial refining capacity to meet the ever-growing demand. In July 2021, India approved 100% foreign direct investment in government-owned refineries to facilitate the privatization of Bharat Petroleum Corporation, one of the leading refiners in the country."

The two new build projects that are expected to start operations by 2025 are Barmer and Nagapattinam II, each with a capacity of 180 thousand barrels per day (mbd). Among CDU expansion projects, Vadinar CDU expansion is one of the key projects with a refinery capacity of 515 mbd and costing of US$1,010m. The project is expected to start operations in 2024. Nayara Energy Ltd is the operator while Rosneft Oil Co and Trafigura Group Pte hold major stakes with 49.1% and 24.1% of equity, respectively.

The Panipat CDU expansion project stands second with a refinery capacity of 200 mbd and costing US$346m. Indian Oil Corp Ltd is the operator as well as 100% equity holder of this project which is expected to start operations in 2024.

Disclaimer

GlobalData plc published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 12:55:08 UTC.


ę Publicnow 2021
All news about GLOBALDATA PLC
11/29GlobalData reveals top 10 most mentioned airline operators on social media in 2021
AQ
11/23Amazon's Visa block called out as tactic to promote Mastercard
AQ
11/18GLOBALDATA : Global deal activity down by 5.7% in October 2021, finds GlobalData
PU
11/18GLOBALDATA : AMETEK's job adverts double in 2021 as it prepares to expand into new markets..
PU
11/18Slovenia could become the adventure tourism capital of Europe, says GlobalData
AQ
11/18GLOBALDATA : Thailand's hot drinks sector to reach US$2.2bn by 2025, says GlobalData
PU
11/18GLOBALDATA : South Korean hot drinks market to reach US$3bn by 2025, forecasts GlobalData
PU
11/18GLOBALDATA : Hot drinks sector of Philippines to reach US$2.4bn by 2025, forecasts GlobalD..
PU
11/18GLOBALDATA : Psilocybin has potential to become a breakthrough therapy for treatment-resis..
PU
11/18GLOBALDATA : Hot drinks market of Malaysia to reach US$2bn by 2025, says GlobalData
PU
More news
Financials
Sales 2021 190 M 251 M 251 M
Net income 2021 26,3 M 34,8 M 34,8 M
Net Debt 2021 64,8 M 85,8 M 85,8 M
P/E ratio 2021 68,7x
Yield 2021 1,40%
Capitalization 1 640 M 2 168 M 2 173 M
EV / Sales 2021 8,98x
EV / Sales 2022 8,24x
Nbr of Employees 3 472
Free-Float 30,8%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | DATA | GB00B87ZTG26 | MarketScreener
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1 355,00 GBX
Average target price 1 735,00 GBX
Spread / Average Target 28,0%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Sally Kate Miranda Johnson Chief Financial Officer
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GLOBALDATA PLC-0.73%2 128
S&P GLOBAL INC.36.60%111 036
RELX PLC30.77%60 166
THOMSON REUTERS CORPORATION48.41%58 797
MSCI INC.40.99%51 907
EQUIFAX INC.50.90%35 502