MRPL was largest single-location PSU refiner in India in 2022-23
The Hindu
Mangaluru-based MRPL processes 10% of the total crude oil refined by PSU petroleum refineries in India.
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, has become the largest PSU refinery (single location) in India for 2022-23. The company achieved the feat by processing 17.14 million tonnes of crude oil in the last financial year. This was also the highest-ever throughput processed by any single-location PSU refinery in India’s petroleum refining history.
MRPL processes 10% of the total crude oil refined by PSU petroleum refineries in India.
The company was established as a joint venture in 1988 with a 3.69 MMTPA capacity. MRPL expanded its operations in two phases to raise its capacity to 15 MMTPA. The refinery configuration has a Nelson Complexity Index (NCI) of 11.3, one of the highest for PSU refineries. Its Petchem Intensity is 9.5%, and the company aims to reach 15% in the medium term.
The company can process more than 250 different types of crude from around the globe. Crude from the Middle East, South Asia, Europe, Russia, Africa, South America and the U.S. are the major ones processed in MRPL. It is capable of producing almost a full range of petroleum products, like Naphtha, LPG, Motor Spirit, High-Speed Diesel, Kerosene, Aviation Turbine Fuel, Sulphur, Xylene, Bitumen, along with Pet Coke and Polypropylene.
MRPL took significant steps in recent times to build its petrochemical profile. Its 440 KTA Novolen gas-phase polypropylene plant can produce a complete range of homopolymer grades.
Its Aromatic Complex can produce 0.905 MMTPA of Para Xylene, and 0.273 MMTPA of benzene. This Aromatic Complex is in the Mangalore Special Economic Zone (MSEZ), and fully integrated with MRPL.
MRPL has ambitious plans for the retail business. It has initiated steps to expand its coveted RO brand HiQ in 1,000 locations in south India.
OpenAI on Tuesday announced key leadership appointments for its nonprofit arm and committed to investing at least $1 billion through the division
EU antitrust chief Teresa Ribera, who has voiced concerns about Big Tech extending its dominance into artificial intelligence, will meet the CEOs of Alphabet, Meta Platforms and OpenAI
OpenAI is close to securing about $10 billion in fresh funding from investors, boosting its valuation to $850 billion, including the money raised, a person familiar with the matter said, confirming an earlier report in Bloomberg News
Discover the key changes in the New Income Tax Rules 2026, simplifying compliance and enhancing deductions for taxpayers.
Palantir, which won a contract to supply AI systems to Britain’s Financial Conduct Authority, will not have access to regulatory intelligence, an FCA official said
Arm Holdings announced a new artificial intelligence data centre chip on Tuesday which it said will add billions of dollars of revenue
Amazon said on Monday its Amazon Web Services region in Bahrain has been “disrupted” amid the current conflict in the Middle East
Petroleum Ministry directs reforms to enhance natural gas infrastructure, streamline approvals, and ease transition from LPG to PNG.
The Sora decision means the end of a blockbuster $1 billion deal between Disney and the ChatGPT maker that was announced a little more than three months ago.
Regulator mandates city gas distributors to provide piped gas to educational institutions within five days, supporting India's transition from LPG to PNG.
NHAI's Raajmarga InvIT listed on BSE, enhancing investor participation in highway infrastructure with strong demand and oversubscription.
HDFC Life Insurance faces ₹172 crore Income Tax order for alleged violations, plans to appeal the decision.
Air-conditioner makers in India are looking forward to FY27 with hope as the war in West Asia threatens to impact plastic component availability and consumer sentiment, adding to the challenges around raw material price and new energy label, a senior executive of a leading company has said.