Indian Oil Corporation (IOC) extends gains after posting a strong set for Q1. In an interview to CNBC-TV18, Sanjiv Singh, Chairman of the company spoke about the results and his outlook for the company.
Singh said they saw a significant amount of inventory loss last quarter which impacted the gross refining margins.
On merger front, he said merger may be vertical or horizontal. However, can merge with upstream, midstream or downstream companies, he added.
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