MRPL to raise refining capacity

As part of its Vision 2022, MRPL has set a target of Rs 5,000 crore net profit

GN Bureau | December 6, 2016


#PSU   #MRPL   #EIL   #Mangalore Refinery and Petrochemicals Ltd   #ONGC  

The company is also looking at scaling up its petrochemical production capacity to clock larger margins, MRPL managing director H Kumar told PTI.

“We have asked Engineers India Ltd (EIL) to do a feasibility study for expansion of our refining capacity from the present 15 million tonnes (mt). Previously, we were targeting 21 mt, but now, we are exploring if 25 mt can be done," he was quoted as saying.

MRPL is a subsidiary of the state-owned Oil and Natural Gas Corporation (ONGC). It is ready to produce Euro-VI fuel and the planned expansion is part of its Vision 2022 with a target of Rs 5,000 crore net profit.

The expansion is seen as a major margin driver, potentially doubling the company's profit per barrel. It is expected to help the company process cheaper, heavier crudes into high-value products like diesel, liquefied petroleum gas and propylene.
 

Comments

 

Other News

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe

AI: Code, Control, Conquer

India today stands at a critical juncture in the area of artificial intelligence. While the country is among the fastest adopters of AI in the world, it remains heavily reliant on technologies developed elsewhere. This paradox, experts warn, cannot persist if India seeks technological sovereignty.

RBI pauses to assess inflation risks, policy transmission

The Reserve Bank of India (RBI) has begun the new fiscal year with a calibrated pause, keeping the repo rate unchanged at 5.25 per cent in its April Monetary Policy Committee (MPC) meeting. The decision, taken unanimously, reflects a shift from aggressive policy action to cautious observation after a signi


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter