The Oil minister has envisaged capacity of Mangalore Refinery and Petrochemicals (MRPL) to be increased from 15 million metric tonne per annum (MMTPA) to 18 MMTPA by 2016-17. Pursuant to de-licensing of refinery sector since June, 1998, a refinery can be set up anywhere in India or its capacity augmented by a Private or Public Sector Enterprise depending on techno-commercial viability.
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).
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.
Company Name | CMP |
---|---|
Reliance Industries | 2911.25 |
Indian Oil Corp. | 167.20 |
BPCL | 646.50 |
HPCL | 546.65 |
MRPL | 213.90 |
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