Phase-III expansion progressing according to schedule

Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of Oil and Natural Gas Corporation Limited (ONGC), recorded a profit after tax of Rs.553 crore in the fourth quarter of 2010-11, against Rs. 253 crore in the same period in 2009-10.

The turnover increased by 40 per cent to Rs.13,599 crore from Rs.9,735 crore. Export turnover saw an increase of 55 per cent at Rs.5,240 crore against Rs.3,389 crore. Throughput increased to 3.37 million tonnes from 3.06 million tonnes.

The highlights for the whole of 2010-11 included higher refinery crude throughput at 12.64 million tonnes up from 12.50 million tonnes and highest-ever turnover at Rs.43,800 crore. The hydrocracker, the major secondary processing unit, achieved higher processing of 2.88 million tonnes, says a release. Direct marketing sales turnover covering bitumen, ATF, furnace oil, mixed xylene, naphtha and sulphur amounted to Rs.2,291 crore from Rs.2,278 crore.

Expansion

In 2010-11, Phase-III expansion has been aligned for progressive commissioning beginning January 2012 as per schedule.MRPL has been awarded the contract for installation of a single point mooring facility off New Mangalore Port.

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