Mangalore Refinery and Petrochemicals (MRPL) has reported results for second quarter ended September 30, 2015.
The company has reported a net loss of Rs 909.51 crore for the quarter ended September 30, 2015 as compared to a net loss of Rs 951.47 crore for the same quarter in the previous year. The company’s total income has decreased by 35.03% to Rs 10461.20 crore for the quarter under review from Rs 16101.42 crore for the corresponding quarter of the previous year.
MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corporation (ONGC), runs a coastal refinery in southern Karnataka state with a capacity of 300,000 bpd.