MoneyWorks4Me

MRPL looking to expand network of petrol pumps in Tamil Nadu, Andhra Pradesh and Telangana

01 Aug 2022 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is looking to expand its network of petrol pumps in Tamil Nadu, Andhra Pradesh and Telangana, as it looks to tap markets in the vicinity of its refinery. MRPL's petrol pump network is currently concentrated in Karnataka and Kerala.

MRPL is continuously focusing on its retail expansion in the states of Karnataka and Kerala and so far has successfully commissioned 32 retail outlets with another 20 retail outlets under various stages of construction. The number of outlets owned by MRPL has since gone up to 36.

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 1240.80
Indian Oil Corpn. 134.10
Bharat PetroleumCorp 306.80
HPCL 350.45
MRPL 163.80
View more..