Indian line of credit to be utilized for fuel imports in the future.
Crude oil prices have declined in the world market and there had been an increase locally.
LIOC has diversified into lubricants and other petroleum related products and holds substantial market share.
Operation & management of Oil tank farm in Trincomalee.
Foreign holdings in LIOC accounts for 75.82%, NAV of Rs38/46.
Present weak status of our economy will pave the way for LIOC to play a lead role in fuel & petroleum related products distribution.
Based on all above factors LIOC has immense future potential to surpass 100/= in the near future. GL