Mangalore Refinery & Petrochemicals Ltd.

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Type	State-owned enterprise Public company
Traded as	BSE: 500109, NSE: MRPL
Industry	Oil and gas
Founded	1988
Headquarters	Mangalore, Karnataka, India
Key people	Sudhir Vasudeva Chairman, U.K.Basu MD,P.P.UpadhyayDT
Products	Petroleum, petrochemicals and natural gas
Revenue	39,192 crore (US$7.82 billion) (2011)[1]
Net income	1,176 crore (US$234.61 million) (2011)
Parent	ONGC
Website	www.mrpl.co.in

Mangalore Refinery and Petrochemicals Limited (MRPL) (BSE: 500109, NSE: MRPL) is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1993. The refinery is located at Katipalla, north from centre of Mangalore city. The refinery was established after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.

The refinery has a versatile design with high flexibility to process crudes of various API gravity and with high degree of automation. MRPL 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). It is also the only refinery in India to have two CCRs producing unleaded petrol of high octane. Currently, the refinery is processing about 12.5 million tonnes of crude per year and had a turnover of US$ 8 billion during last year.

MRPL, which was a joint sector company, become a PSU subsequent on acquisition of its majority shares by ONGC. As on 1 April 2007, 71.62% shares are held by ONGC, 16.95% shares are held by HPCL, and remaining shares are with public and financial institutions. MRPL has also been declared as Miniratna, a mini jewel, by Government of India in 2007.

Before acquisition by ONGC in March 2003, MRPL was a joint venture oil refinery promoted by M/s Hindustan Petroleum Corporation Limited (HPCL), a public sector company and M/s IRIL & associates (AV Birla Group). MRPL was set up in 1988 with the initial processing capacity of 3.0 million metric tonnes per annum that was later expanded to the present capacity of 9.69 million metric tonnes per annum.

The refinery was conceived to maximise middle distillates, with capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired the total shareholding of A.V. Birla Group and further infused equity capital of Rs.600 crores thus making MRPL a majority-held subsidiary of ONGC. The lenders also agreed to the debt restructuring package (DRP) proposed by ONGC, which included, inter alia, conversion up to Rs 365 core of their loans into equity. Subsequently, ONGC has acquired equity allotted to the lenders pursuant to DRP raising ONGC’s holding in MRPL to 71.62 percent.

Plans[link]

MRPL is in the process of expanding its refinery to 15 MMTPA from the existing nameplate capacity of 11.82 MMTPA.^{[citation needed]}

According an official, who did not want to mentioned his name,from 11 april processing of crude oil has been stopped owing to non-availability of water from nathavanti river.MRPL have filled a case in karnataka high court as non-availability of water has been effected by district government. The production restarted after two weeks.^{[citation needed]}

References[link]

External links[link]

• Official Website of the MRPL