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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

183.20 8.25 (4.72%)
17-Apr-2026 16:59 View Price Chart
Peers
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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