Mangalore Refinery And Petrochemicals Ltd

Mangalore Refinery and Petrochemicals Limited Share Price Today

Mangalore Refinery and Petrochemicals Limited (MRPL) is a Category 1 Miniratna Central Public Sector Enterprise (CPSE) managed by the Ministry of Petroleum and Natural Gas. MRPL is located amid magnificent hilly landscape north of Mangalore in Karnataka's Dakshina Kannada District. The 15.0MMTPA (Million Metric Tonne per Annum) Refinery features a flexible architecture with complicated secondary processing units and great flexibility to process crudes from diverse APIs, resulting in a wide range of quality products. 

Nearly all petroleum products, including pet coke and polypropylene, are likely produced at MRPL's refinery, including naphtha, LPG, motor spirit, high-speed diesel, kerosene, aviation turbine fuel, sulphur, xylene and bitumen. Furthermore, the whole spectrum of homopolymer grades may be produced at MRPL's 440 KTA Novolen gas-phase polypropylene plant, which uses Zeigler Natta catalyst.

MRPL runs a petrochemical facility called Aromatic Complex, which can produce 0.273 MMTPA of benzoene and 0.905 MMTPA of para xylene. Located in the Mangalore Special Economic Zone (MSEZ), this aromatic complex is completely linked with MRPL.

MRPL operates a Rail Waggon Loading Silo for Petcoke, Truck Loading Silos for Petcoke, Single Point Mooring Facility, While Oil Loading Facility, and Two Captive Jetties in NMPT. MRPL operates Marketing Infrastructure Depots at Hindupur (AP), Hosur (TN), and Kasargod (Kerala).

Aviation turbine fuel (ATF) is sold to airlines, both local and foreign carriers, by Shell MRPL Aviation Fuels and Services Limited (SMA), a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step-down company of Royal Dutch Shell Plc, Netherlands. MRPL Refinery Complex is now the source of ATF for SMA, which distributes it to a number of airports, including those in Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut, Madurai, Trichy, Coimbatore, Kannur, etc. Indian carriers can meet fuel standards at international airports thanks to SMA. 

History of Mangalore Refinery and Petrochemicals Limited Stock Price

Prior to being acquired by ONGC in March 2003, MRPL was a joint venture oil refinery supported by the AV Birla Group and the public sector companies M/s Indian Rayon and Industries Limited (IRIL) and M/s Hindustan Petroleum Corporation Limited (HPCL). When MRPL was first established in 1988, it could handle 3.69 million TPA; this was later increased to 15.0 million TPA. With the capacity to process light to heavy and sour to sweet crudes with 24 to 46 API gravity, the refinery was designed to maximise distillates. On March 28, 2003, ONGC bought all of the A.V. Birla Group's shares and added further Rs. 600 crores in equity capital, making MRPL an ONGC subsidiary that is majority owned. You can track mangalore refinery and petrochemicals ltd or MRPL share price on NSE as well as BSE.

Key Personnel at Mangalore Refinery and Petrochemicals Limited

• Arun Kumar Singh is the Chairman at Mangalore Refinery and Petrochemicals.
• Mundkur Shyamprasad Kamath is the Managing Director and Director Refinery at the company.

Financial Performance of Mangalore Refinery and Petrochemicals Limited

• Mangalore Refinery and Petrochemicals reported a 92.8% year-on-year decline in its net profit at Rs 73.2 crore for the first quarter that ended June 2024.
• The company's sales increased 10.4% to Rs 23,247 crore  compared to Rs 21,057.6 crore in the corresponding period of the preceding fiscal.
• At the operating level, the company’s EBITDA fell 70.7% to Rs 605.6 crore in the first quarter of this fiscal over Rs 2,068.3 crore in the corresponding period in the previous fiscal.