Mangalore Refinery and Petrochemicals (MRPL) is in focus after reports suggest that Saudi Aramco (Saudi Arabian Oil Company) mulls stake in Indian refineries. In an interview to CNBC-TV18, H Kumar, MD of MRPL spoke at length about the same.
Kumar said that foreign investment is a welcome step as it will bring in better technology.
Talking about merger, he said synergy was always there between Hindustan Petroleum Corporation (HPCL) and MRPL.
On business front, he said we are working on various options to increase refining capacity.
He further said that Q3 gross refining margins (GRMs) have been buoyant.
We are looking at better yields for FY18-19, he added.
For entire interview, watch accompanying video.
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