MoneyWorks4Me

MRPL to invest $1.4 billion for expansion of crude processing facility

30 Apr 2014 Evaluate

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).

MRPL Share Price

171.50 -2.80 (-1.61%)
14-Aug-2026 14:45 View Price Chart
Peers
Company Name CMP
Reliance Industries 1309.55
Indian Oil Corpn. 139.60
Bharat PetroleumCorp 318.50
HPCL 371.80
MRPL 171.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: