MRPL says no single geography, supplier or route decisive for crude sourcing
The company’s crude oil sourcing from West Asia came down from around 66% in 2022-23 to around 27% during the first quarter of 2026-27
Mangalore Refinery and Petrochemicals Ltd (MRPL) has emphasized that no single geography, supplier or shipping route is ever decisive for its crude oil sourcing. At the 38th annual general meeting, Managing Director and CEO M Shyamprasad Kamath addressed shareholders' queries regarding the impact of the West Asia crisis on the company's crude oil sourcing.
Kamath explained that MRPL adopts a deliberate approach to diversify its crude supply sources, including regions, suppliers, and shipping routes. This strategy ensures that no single geography, supplier, or route is crucial for the company's operations.
The company's crude oil sourcing from West Asia has decreased from approximately 66% in 2022-23 to about 27% in the first quarter of 2026-27. Similarly, the company has reduced its reliance on Russian barrels from 44% to around 27-28%. Kamath highlighted the company's commitment to sourcing crude from various regions worldwide to meet its requirements.
Regarding the use of artificial intelligence (AI) in its operations, Kamath stated that MRPL employs AI in its day-to-day activities, which includes generative, discriminative, and predictive AI. The company utilizes AI to predict real-time melt flow index and xylene solubility in the polypropylene unit, thereby minimizing delays in lab analysis and facilitating grade transitions.
Additionally, MRPL has implemented a real-time optimizer in its captive power plant, which manages dynamic power and steam demand. This optimization has resulted in significant oil savings.
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