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MRPL reports net loss of Rs 359.58 crore in Q3

01 Feb 2013 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has reported results for third quarter ended December 31, 2012.

The company has reported net loss of Rs 359.58 crore in Q3FY13 as compared to a net profit of Rs 109.75 crore in the corresponding quarter previous year. The total income of the company has increased by 39.14% to Rs 18,011.29 crore for the quarter under review as compared to Rs 12,944.35 crore in the same quarter last year.

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).

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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