Mangalore Refinery and Petrochemicals has reported results for second quarter ended September 30, 2012.
The company has reported a net profit at Rs 1185.11 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 24.13 crore for the same quarter in the previous year. Total income of the company has increased by 40.87% at Rs 16630.56 crore for quarter under review as compared to Rs 11805.67 crore for the quarter ended September 30, 2011.
MRPL is 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).
