Will maximise refining margins irrespective of crude price trend: Nayara Energy CFO

Nayara Energy, a private refinery, is planning to expand its business in India with a target to increase its retail fuel stations by 50% from around 6,400 now by 2030, by opening new outlets along national highways and in rural areas. The company, which posted a net profit of Rs 9,592 crore on operational revenue of Rs 1.37 trillion, in FY23, also aims to be have a larger share in India’s downstream petroleum value chain by diversifying its portfolio in the petrochemical industry, Chief Financial Officer, Rajani Kesari told Arunima Bharadwaj in an interview. Nayara, which owns the country’s second largest single-site oil refinery, will focus on refining margins, irrespective of any volatility in global crude oil prices, she says.