Mangalore Refinery and Petrochemicals (MRPL) has reported results for its first quarter ended June 30, 2011.
The company’s net profit for the quarter has zoomed by 506.29% at Rs 172.71 crore as compared to Rs 28.46 crore for the same quarter last year. Its total income has surged by 70.26% to Rs 13504.33 crore for the quarter under review from Rs 7931.58 crore for the corresponding quarter of the previous year.
MRPL was a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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