The ship crossed the Strait of Hormuz following the temporary two-week ceasefire between the US and Iran and was anchored on Tuesday night at Oil Jetty-1, DPA Kandla in Kutch, said a statement from the Deendayal Port Authority.
PL Capital believes rise in inflation and expected spike in input costs are key factors to watch out for in coming quarters as full impact of crude price spike and El Nino plays out on demand and margins in coming quarters.