Oil Refineries Ltd has announced that as part of the Company's work plan and 2013 , the Company will implement efficiency measures, improvements and savings in various fields of activity, according to reports.
Reports said that the Company's Chairman and Vice Chairman announced their initiative and decision to give up 10% of the management fees to which they are entitled, for the year 2013.
The Board also decided to approve an early retirement plan for dozens of the Company's employees, during the year 2013, report says.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.