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MRPL aims to increase sales of polypropylene

08 Aug 2016 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is planning to expand market for polypropylene, is aiming to sell around 0.44 million tonnes (MT) of polypropylene a year. The company has successfully penetrated the polypropylene market in a short span of nine months with a sales volume of 0.139 MT and sales value of Rs 1,039 crore.

To leverage the highly profitable polypropylene and to position MRPL as a niche player, comprehensive pricing of various grades of polypropylene has been put in place along with customer enrolment activity.

MRPL is engaged in the business of refining crude oil. It offers high speed diesel oil, fuel oil and motor spirit. It operates as a subsidiary of Oil and Natural Gas Corporation. The company was founded in 1988 and is based in Mangalore, Karnataka.

Peers
Company Name CMP
Reliance Industries 1240.80
Indian Oil Corpn. 134.10
Bharat PetroleumCorp 306.80
HPCL 350.45
MRPL 163.80
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