Whalesbook
Yaar, government chahti hai ki humare liye gas cylinder sasta rahe, isliye woh tel companies ko bolti hai ki rates mat badhao, chahe bahar kitna bhi mehenga ho jaye. Isi wajah se Indian Oil Marketing Companies (IOCL, BPCL, HPCL) ko kaafi nuksan ho raha hai. Ab jo ₹17,500 Crore ka pending paisa tha, woh bhi ekdum se nahi milega, balki march 2027 tak saat installments mein milega. Yeh deal companies ke cash flow par lambi running tension bana degi.
Asal mein, LPG ki international prices itni tezi se badh rahi hain na, ki companies ko har 14.2 kg wale cylinder par lagbhag ₹380 ka nuksan ho raha hai! Saudi Contract Prices ekdum bhag gaye hain aur kuch global issues (jaise Strait of Hormuz mein problems) ki wajah se import bhi mehenga ho raha hai. Government chahti hai humein sasta mile, toh yeh nuksan bharne ka compensation hai, but ab yeh bhi dheere dheere mil raha hai.
Jab companies ko paisa hi time par nahi milega, toh woh apne business mein reinvest kaise karenge? Refinery upgrades, network badhana, ya new tech mein paisa lagana – yeh sab ruk sakta hai. Private companies ki tarah yeh PSU companies rates change nahi kar sakti, so woh government policy aur compensation par zyada depend karti hain. Is delayed payout ki wajah se unka working capital tight ho jayega.
Experts yaani brokerages ka view bhi abhi cautious hai. Unka kehna hai ki companies ki valuation tabhi badhegi jab LPG pricing mein koi permanent solution niklega ya international prices stable hongi. Ujjwala scheme ke liye bhi ₹12,000 Crore ka subsidy hai, but yeh bade compensation plan dikhate hain ki energy affordability ke liye government funds ki zaroorat bani rahegi. Toh bhai log, abhi in energy giants ko tight working capital ke saath hi manage karna padega.