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Oil Stocks To Watch As Russian Refinery Strikes Raise Supply Risk
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Mangalore Refinery and Petrochemicals share price plunges 7% despite strong Q2 results | What should investors do?
āĻĒā§āĻ°ā§āĻĢāĻžāĻāĻ˛
Mangalore Refinery and Petrochemicals Limited, is a division of Oil and Natural Gas Corporation which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1988, the refinery is located at Katipalla, north from the centre of Mangalore. The refinery was established after displacing five villages, namely, Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.
The refinery has a versatile design with high flexibility to process crudes of various API gravities with a high degree of automation. MRPL has a design capacity to process 15 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing premium diesel. It also has a polypropylene unit with a capacity of 0.44 million metric tonnes per year. It is one among the two refineries in India to have two CCRs producing high octane unleaded petrol. Currently, the refinery processes around 14.65 million tonnes of crude per year. The company's revenues stood at âš60,062.02 crore in 2020.
MRPL, which was a joint sector company, became a public-sector undertaking after the acquisition of a majority of its shares by ONGC. Wikipedia
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āĻā§ā§āĻŦāĻ¸āĻžāĻāĻmrpl.co.in