RPL merger to unlock synergies in crude sourcing: RIL

Here is a verbatim transcript of Alok Agarwal's comments in the press conference

On synergies:

When you look at two large refineries co-located next to each other, the number of things that are open up for synergies are tremendous. We would be able to buy and process virtually any crude in the world and when we go and negotiate with the large crude producers, we are going to not only talk about buying a particular grade of crude or a particular set of grades of crude but we are going to be able to talk about buying their heaviest and dirtiest crude to their medium crude, to their light crude and be able to offer as a buyer a package that very few other refinery companies in the world can. Similarly we are going to be able to offer products for every single market in the world.

On supply chain:

There will be supply chain optimization. When we look at the amount of infrastructure and logistics that we need to go into operating 1.24 million barrels of refining capacity everyday, the ability to deal with the supply chain, the ability to steadfast in transportation is clearly a big plus.

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