Analysts expect production from the cluster to push domestic gas volumes and contribute 3% to RIL’s earnings and cash flows by 2023. The R Cluster is expected to reach peak production of 13 million metric standard cubic metres (mmscmd) a day in 2021 and plateau thereafter. “RIL’s announced start of gas production will support 48% rise in domestic gas supplies after years of flattish output. Petchem margins are up 30-107% year-on-year due to strong demand for polyvinyl chloride (PVC) and polyethylene (PE). Though strong PE is a positive, it may not be enough to offset weak paraxylene and refining.

Source: Mint December 24, 2020 12:33 UTC