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Mangalore Refinery & Petrochemicals Limited (MRPL)

India's MRPL buys 2nd Escalante crude cargo loading in June - sources

reuters.com, 27th April 2018

Indian refiner MRPL has bought a second Escalante crude cargo loading in the second-half of June via a tender, two traders said on Friday... Read More


MRPL trims oil purchase deal with Saudi Aramco: Reports 

livemint.com, 10th Apr 2018 

Mangalore Refinery and Petrochemicals Ltd (MRPL) has cut its annual oil import deal with Saudi Aramco by about 22% to 70,000 barrels per day (bpd), two company officials with knowledge of the matter said... Read More


OMPL, MRPL merger will make Mangaluru a major economic hub

timesofindia.indiatimes.com, 26th Mar 2018 

Union petroleum minister Dharmendra Pradhan on Sunday said that the coastal city will emerge as a new economic hub after the merger of ONGC Mangalore Petrochemicals Ltd (OMPL) and MRPL... Read More


Foreign investment a welcome step as it will bring in better technology: MRPL

moneycontrol.com, 28th Feb 2018 

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... Read More

Final notification issued to acquire 960 acres for MRPL 

thehindu.com, 22nd Feb 2018 

The State government has issued final notification for acquiring 960 acres of private and government land in Mangaluru taluk for the fourth phase expansion of Mangalore Refinery and Petrochemicals Limited (MRPL). The notification has been issued under Section 28 (4) of the Karnataka Industrial Area Development Act 1966... Read More

Merger with MRPL should happen at earliest, says HPCL

moneycontrol.com, 9th Feb 2018 

Hindustan Petroleum Corp Ltd (HPCL) today said its merger with Mangalore Refinery and Petrochemicals Ltd (MRPL) should happen at the earliest as there exist lot of synergies between them... Read More 


MRPL Q3 net up 71% 

thehindubusinessline.com, 2nd Feb 2018 moneycontrol.com, 9th Feb 2018

Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered a profit-after-tax of ₹970 crore in the third quarter of 2017-18 against a profit of ₹567 crore in the corresponding period of 2016-17, recording a growth of 71.07 per cent.. Read More


Possible Merger with MRPL May Not Happen At Premium, HPCL Says

bloombergquint.com, 22nd Jan 2018 

The anticipated merger between refiner and marketer Hindustan Petroleum Corporation Ltd. and Mangalore Refinery and Petrochemicals Ltd. will not happen at a premium in all likelihood... Read More


HPCL, MRPL a good fit; can leverage HPCL’s marketing network: ONGC

moneycontrol.com, 22nd Jan 2018 

The ONGC-HPCL deal ensures that the government not only crosses its FY18 divestment target of Rs 72,500 crores but revises it to Rs 92,000 crores... Read More


MRPL to announce Q3 results on Feb 2, 2018

Equity Bulls, 9th Jan 2018 

A meeting of the Board of Directors of Mangalore Refinery & Petrochemicals Ltd has been scheduled for Friday 2nd February, 2018 to consider and approve Un-Audited Financial Results for the third quarter ended 31st December, 2017... Read More


MRPL seeks 1 mln barrels of high-sulphur US Oil

Sify.com, 20th Nov 2017

India's state-run Mangalore Refinery and Petrochemicals Ltd has floated its first tender to buy high-sulphur crude oil from the United States, a tender document showed on Monday.. Read More


MRPL Q2 net up 15% to ₹478 cr

thehindubusinessline.com, 14th Nov 2017

Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered a profit-after-tax of ₹477.95 crore in the second quarter of FY18, against a profit of ₹415.86 crore in the corresponding period of FY17, recording a growth of 15.12 per cent.. Read More


MRPL to approve Q2 results on Nov 14, 2017 

Equity Bulls, 2nd Nov 2017

A meeting of the Board of Directors of Mangalore Refinery & Petrochemicals Ltd has been scheduled for Tuesday 14th November, 2017 to consider and approve Un-Audited Financial Results for the second quarter ended 30th September, 2017.. Read More


Hindustan Petroleum to acquire MRPL in share-swap deal

livemint.com, 31st Oct 2017 

Hindustan Petroleum Corp. Ltd (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals Ltd (MRPL) in a share-swap deal to become India’s second-largest oil refiner. The merger is likely to take place after ONGC, country’s biggest oil and gas explorer, completes acquisition of HPCL in an all-cash deal by December or January, officials in know of the development said.. Read More

MRPL to reduce dependence on fresh water

thehindu.com, 1st Oct 2017 

The Mangalore Refinery and Petrochemicals Ltd. (MRPL) has big plans to reduce its dependence on fresh water sourced from Netravati at a time when demand for human consumption is on the rise and resources are scarce.Read More

HPCL Says Consolidation with ONGC's Refining Arm Makes Sense 

bloombergquint.com, 18th Sep 2017 

Government-owned refiner Hindustan Petroleum Corporation Ltd. is open to consolidation with the Mangalore Refinery and Petrochemicals Ltd. after it completes its merger with state-run explorer Oil and Natural Gas Corporation Ltd. Read More


MRPL will be key pivot in ONGC-HPCL deal
thehindubusinessline.com, 28th Aug 2017
As Oil and Natural Gas Corporation (ONGC) prepares to take over Hindustan Petroleum Corporation (HPCL), it will mark a homecoming for another entity involved in the exercise. Read More

MRPL planning to up production to 25 million tonnes per year
thehindu.com, 19th Aug 2017
Chairman of the Mangalore Refinery and Petrochemicals Ltd. (MRPL) Dinesh K. Sarraf has said the company is considering increasing its production capacity to 25 million tonnes per annum (MTPA) from the present 15 MTPA. Read More

MRPL's portal for start-ups
thehindubusinessline.com, 15th Aug 2017
Mangalore Refinery and Petrochemicals Ltd (MRPL) has launched a 'Startup India' web portal to support promising start-ups. Read More

MRPL plans to set up desalination plant
thehindubusinessline.com, 26th July 2017
To mitigate the risk of water scarcity during summer, Mangalore Refinery and Petrochemicals Ltd (MRPL) is planning to set up desalination plant in Mangaluru. Read More

MRPL registers ₹234 cr. net profit in Q1
thehindu.com, 24th July 2017
The Mangalore Refinery and Petrochemicals Ltd., (MRPL) has recorded ₹ 234 crore net profit for the first quarter of 2017-18 ending June 30 as against ₹ 719 crore posted during the corresponding previous quarter. A release from MRPL here said company's refining throughput stood at 3.98 million tonnes (MMT) as against 3.66 MMT in the corresponding quarter of previous year. Read More

India's OMPL cancels tender offering 30,000 mt paraxylene for end-June loading
Platts.com, 22nd June 2017
A company source at India's Mangalore Refinery Petrochemicals Ltd which supplies feedstock to ONGC Mangalore Petrochemicals Ltd. confirmed late Wednesday that a tender offering 30,000 mt paraxylene for loading over June 26-30 was canceled. Read More

MRPL posts highest quarterly profit of Rs 1,942 cr
moneycontrol.com, 17th May 2017
Mangalore Refinery and Petrochemicals Ltd today reported its highest quarterly profit in the three month period ended March 31 after it reversed a foreign exchange provision. Read More

MRPL Phase-3 units to be shut down for maintenance
thehindubusinessline.com, 13th April 2017
Mangalore Refinery and Petrochemicals Ltd (MRPL) is going for a planned maintenance shutdown of Phase-3 units from April 15. Read More

Mangalore Refineries and Petrochemicals may sell shares to comply with rules
livemint.com, 9th Mar 2017
Mangalore Refinery and Petrochemicals Ltd (MRPL) may sell shares to comply with rules that mandate listed companies to have at least 25% of their equity with the public, two officials familiar with the development said. Read More

NMPT, MRPL conduct oil spill mock drill
thehindubusinessline.com, 1st March 2017
New Mangalore Port Trust (NMPT) and Mangalore Refinery and Petrochemicals Ltd (MRPL) conducted a mock drill on oil spill at latter's SPM (Single Point Mooring) facility. Read More

Konkan Rly to open tender for MRPL siding in Jan
thehindubusinessline.com, 22nd Dec 2016
Konkan Railway Corporation Ltd (KRCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have come together to construct a railway siding facility for the latter's refinery here. Read More

MRPL Readies Rs 11,000 Crore To Hit 25 Million Mertric Tonnes Refining Capacity
profit.ndtv.com, 5th Dec 2016
Mangalore Refinery and Petrochemicals Ltd (MRPL) is readying plans to invest Rs 11,000 crore to raise refining capacity to 25 mt instead of the previously planned 21 mt as part of its ambitious target of clocking Rs 5,000 crore profit by 2022. Read More

MRPL posts ₹416-cr profit
thehindubusinessline.com, 8th Nov 2016
Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered a net profit of ₹415.86 crore in the second quarter of 2016-17 against a loss of ₹909.51 crore in the corresponding period of 2015-16. A press release by the company said here on Tuesday that the GRM (gross refining margin) of the refinery for Q2 of 2016-17 stood at $4.65 a barrel against the GRM of $0.34 a barrel in the corresponding quarter of the previous fiscal. In rupee terms, the GRM works out to around ₹920 crore in Q2 of 2016-17 against ₹56 crore in Q2 of 2015-16. (GRM is the difference between the price of crude and the end products such as diesel, petrol, etc. Read More

MRPL delays hydrocracker restart to first week of November
thehindubusinessline.com, 24th Oct 2016
Mangalore Refinery and Petrochemicals Ltd has delayed the restart of its hydrocracker to the first week of November after cracks were detected in the equipment, its head of refineries said on Monday. Read More

MRPL plans 100 retail outlets; JV with Gulf Oil yet to take off
Business Standard, 11th Sep 2016
Mangalore Refineries and Petrochemicals Ltd (MRPL), a subsidiary of ONGC Ltd, plans to set up around 100 retail outlets in the current financial year as part of its expansion plans in the retail business. Read More

MRPL posts Rs 720 crore profit in Q1 of FY 16-17
timesofindia.indiatimes.com, 3rd Sep 2016
Mangalore Refinery and Petrochemicals Ltd has posted a profit before tax of Rs 1,137 crore as against Rs 509 crore for during the corresponding previous quarter. The profit after tax for first quarter of the current fiscal is Rs 720 crore as against Rs 405 crore in the corresponding quarter last fiscal. The gross refining margin (GRM) stood at $10.01/bbl (as against $6.62/bbl in Q1 of FY'15-16, D K Saraff, chairman, MRPL said here on Saturday. Read More

MRPL board to consider raising public holding to 25%
thehindubusinessline.com, 27th July 2016
Mangalore Refinery and Petrochemicals (MRPL) said on Wednesday that the company's board of directors will meet on August 1 to consider enhancing public shareholding to 25 per cent, according to SEBI directives and to issue bonds up to ₹3,000 crore. Read More

MRPL plans Rs 15K crore raw coke gasification complex
deccanherald.com, 19th July 2016
The Mangalore Refinery and Petrochemicals Limited (MRPL), a Mini Ratna PSU, is planning to set up a raw petroleum coke gasification complex at an estimated cost of Rs 12,000 crore to Rs 15,000 crore in the coming years. Read More

MRPL posts Rs. 1,148-crore profit in 2015-16
thehindu.com, 16th May 2016
The Mangalore Refineries and Petrochemicals Ltd., (MRPL) reported a net profit of Rs. 1,148 crore during the financial year 2015-16 as against the loss of Rs. 1,712 crore reported during 2014-15 even as it has achieved a throughput of 15.69 million tonnes as against 14.65 million tonnes achieved in the previous fiscal. Read More


 
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