Mangalore Refinery and Petrochemicals Ltd. (MRPL) reported a loss of Rs.248 crore in the third quarter ended December 31, 2013, against a loss of Rs.360 crore in the year ago period.
A company release said the loss was after considering Rs.184 crore as depreciation, Rs.93 crore as interest cost and a net foreign exchange gain of Rs.189 crore.
The throughput for the quarter was 3.75 MMT (million metric tonnes) against 3.81 MMT in the corresponding period of the previous fiscal. The reduction was due to shut down of Phase-I (crude distillation and vaccum distillation units) and plant upsets during the quarter.
The delay in progressive commissioning of projects, non-availability of consistent power and steam from the power plant being commissioned by BHEL, and reduction in market margin in Q3 FY14 have affected the performance of the company.