RIL likely to see big cash flow boost, says CLSA report Read more at: //economictimes.indiatimes.com/articleshow/62352804.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

NEW DELHI: Reliance IndustriesBSE 0.30 % is likely to see a big cash-flow boost as projects of over USD 40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said today. 

In a report, CLSA said stabilisation of just-commissioned refinery off-gas cracker (ROGC) and petcoke gasification projects would boost EBITDA. 

The downstream expansions called J3 are likely to fully stabilise in early 2018 and should allow almost a full year of benefit to flow in FY2019. 

which completed its capital expenditure cycle, yesterday announced commissioning of the world's largest refinery off-gas cracker complex at Jamnagar in Gujarat. ROGC will use refinery process residue to produce feedstock used to make petrochemicals.

It is in advanced stage of commissioning petcoke gasification plant, which will convert coal and coke, the lowest-cost fossil fuels, into gas. 

CLSA said monetisation of the two plants will boost the operating income of the company but full benefits will come only in the next financial year.