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.