In a bid to meet growing fuel demand in Asia’s third-largest economy, Mangalore Refinery & Petrochemicals (MRPL) is planning to invest $1.4 billion for expansion of crude processing at its facility in western India
Mangalore Refinery, a unit of India’s biggest state-run explorer Oil & Natural Gas Corp, will raise capacity by 40 percent to 420,000 barrels a day by end-March 2018. The company is planning the expansion after spending $300 million on a 60,000 barrel-a-day delayed coker that started earlier this month and $330 million for a 44,000 barrel-a-day fluidised catalytic cracker that will begin next month.
MRPL is a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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