Mangalore Refinery and Petrochemicals (MRPL) is likely to start oil imports from Iran, having secured local reinsurance for claims of up to $84.14 million. It had halted imports from Iran in April as local insurers denied covering plants that processed Iranian crude. MRPL, which is Iran's top Indian client will take all necessary steps for recommencement of import/processing of Iranian crude oil in its refinery.
The company has reported a net loss of Rs 61.90 crore for the quarter ended March 31, 2013 as compared to a net profit of Rs 601.97 crore for the same quarter in the previous year. However, total income has increased by 15.95% at Rs 18675.57 crore for quarter under review as compared Rs 16106.98 crore for the quarter ended March 31, 2012.
Company Name | CMP |
---|---|
Reliance Industries | 2910.45 |
Indian Oil Corp. | 165.95 |
BPCL | 638.30 |
HPCL | 541.60 |
MRPL | 214.50 |
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