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MRPL plans to expand into 21 MMTPA refinery

01 Apr 2013 Evaluate

MRPL is planning to expand into a 21 MMTPA refinery with a pet coke gasification unit and a linear alkyl benzene unit. The company has also decided to diversify into petrochemicals. In MRPL Phase III, a polypropylene plant is getting ready, while a joint venture company, ONGC-Mangalore Petrochemicals, is off to a running start and is expected to commission its aromatic plant by September 2013.

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 1198.50
Indian Oil Corpn. 133.20
Bharat PetroleumCorp 302.00
HPCL 342.20
MRPL 169.60
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