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Mangalore Refinery & Petrochemicals Limited (MRPL)


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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