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MRPL to open eight retail outlets by end of FY18: Report

22 Aug 2017 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is reportedly planning to inaugurate at least eight retail outlets by end of FY18, up to a distance of 200 km from Mangaluru. These Eight retail outlets will come up in Tumkur, Dakshina Kannada and Shimoga regions of Karnataka.

The company has around 500 licences and 1,500 of Oil and Natural Gas Corporation. In the current phase, the company could shortlist only eight proposals, though it had given advertisement for opening 122 retail outlets.

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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