Consequently, O2C Ebitda per tonne rose 30% both y-o-y and sequentially to ₹10,904, the highest in at least the past 13 quarters. However, a planned refinery turnaround resulted in a 10% y-o-y and sequential decline in production volume meant for sale, to 15.6 million tonnes. Even so, the outlook for the O2C segment remains strong, as a recovery in production volumes and increased sourcing of ethane from the US could offset any cooling in profit margin.
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