Mangalore Refinery and Petrochemicals (MRPL) is planning to shut a 96,000 barrels per day (bpd) crude unit in September-October for 25 days. The oil refiner is also planning to shut its hydrocracker for 30 days in Sept-Oct for catalyst change.
MRPL, which hopes to earn higher profits in 2017-18, is aiming to expand refinery capacity to 500,000 barrels per bpd from 300,000 bpd.
Separately, the company’s net profit for the quarter ended March 31 rose 42 per cent to 19.4 billion rupees ($302.70 million).
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.
