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MRPL plans to invest Rs 18,000 crore for expanding refinery

19 May 2017 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is planning to invest Rs 15,000-18,000 crore in raising its Mangalore oil refinery capacity by 10 million tons by 2022. The company is also looking at scaling up its petrochemical production capacity to clock larger margin.

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.

Peers
Company Name CMP
Reliance Industries 1175.45
Indian Oil Corpn. 126.45
Bharat PetroleumCorp 285.80
HPCL 329.65
MRPL 173.60
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