Charting a come back - Chemoil?
Yes, it is Chemoil. The story is :
Chemoil see opportunities in better marine fuel business based on the following 2 factors:
1. Major oil company reducing their presence from this sector because this is not their core business
2. Smaller competitors are out of business due to tripling of energy prices drive up working capital requirement.
We will see if they really can triple the size of Chemoil within 5 years times as inspired by the late Mr. Chandran.
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