date:May 13, 2014
Mumbai based credit rating agency, India Ratings has assigns stable ratings to edible oil sector and the companies within the sector for fiscal year 2014-15 (FY15) from negative.
The agency expects the increase in the import duty on refined oils to 10 per cent from 7.5 per cent in January 2014 to result in crude edible oil becoming less expensive than refined oil even after factoring refinery costs, thereby making refining economically viable. This in turn is expected to improve the operating p