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Capacity in petrochemicals is 0.44 million metric tonnes not 440,000 million metric tonnes.
 
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| traded_as =
| traded_as =
| industry = [[Oil and gas]]
| industry = [[Oil and gas]]
| foundation = {{start date and years ago|1988|03|07|df=yes|p=yes}} <ref name=stake>{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=stake holders|url=https://www.mrpl.co.in/stake-holders|url-status=live}}</ref>
| foundation = {{start date and years ago|1988|03|07|df=yes|p=yes}} <ref name=stake>{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=stake holders|url=https://www.mrpl.co.in/stake-holders}}</ref>
| location = Mudapadav, Kuthethoor P.O., Via Katipalla
| location = Mudapadav, Kuthethoor P.O., Via Katipalla
| hq_location_city = [[Mangalore]]
| hq_location_city = [[Mangalore]]
| hq_location_country = India <ref name=stake/>
| hq_location_country = India <ref name=stake/>
| key_people = Subhash Kumar, (Chairman) <br> M. Venkatesh<br> ([[managing director|MD]])
| key_people = Arun Kumar Singh, (Chairman) <br> Sanjay Varma <br> ([[managing director|MD]])
| products = [[Petroleum]], [[Petrochemical]]s and [[Natural gas]]
| products = [[Petroleum]], [[Petrochemical]]s and [[Natural gas]]
| revenue = {{increase}} {{INRConvert|86161|c}} <ref name=pnl>{{Cite web|title=Mangalore Refinery and Petrochemicals Consolidated Profit & Loss account, Mangalore Refinery and Petrochemicals Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/mangalorerefineryandpetrochemicals/consolidated-profit-lossVI/MRP|access-date=2020-07-29|website=www.moneycontrol.com|language=en}}</ref>
| revenue = {{increase}} {{INRConvert|86161|c}} <ref name=pnl>{{Cite web|title=Mangalore Refinery and Petrochemicals Consolidated Profit & Loss account, Mangalore Refinery and Petrochemicals Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/mangalorerefineryandpetrochemicals/consolidated-profit-lossVI/MRP|access-date=2020-07-29|website=www.moneycontrol.com|language=en}}</ref>
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| equity_year = 2022
| equity_year = 2022
| owner = [[Oil and Natural Gas Corporation]], [[Ministry of Petroleum and Natural Gas]], [[Government of India]]
| owner = [[Oil and Natural Gas Corporation]], [[Ministry of Petroleum and Natural Gas]], [[Government of India]]
| divisions = *[[ONGC Mangalore Petrochemicals Limited]]
| divisions = Shell MRPL Aviation
*Shell MRPL Aviation
| homepage = {{url|www.mrpl.co.in}}
| homepage = {{url|www.mrpl.co.in}}
}}
}}
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'''Mangalore Refinery and Petrochemicals Limited''' ('''MRPL'''), is a [[Division (business)|division]] of [[Oil and Natural Gas Corporation]] (ONGC) which is under the [[ownership]] of the [[Ministry of Petroleum and Natural Gas]] of the [[Government of India]].<ref name=":0" /> 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 [[Adyapady|Adyapadi]].<ref name="stake"/>
'''Mangalore Refinery and Petrochemicals Limited''' ('''MRPL'''), is a [[Division (business)|division]] of [[Oil and Natural Gas Corporation]] (ONGC) which is under the [[ownership]] of the [[Ministry of Petroleum and Natural Gas]] of the [[Government of India]].<ref name=":0" /> 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 [[Adyapady|Adyapadi]].<ref name="stake"/>


The refinery has a versatile design with high flexibility to process crudes of various [[API gravity|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 (high [[Cetane]]).<ref name=":1">{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=Profile|url=https://mrpl.co.in/profile|url-status=live}}</ref> It also has a Polypropylene unit with a capacity of 440,000 million [[tonne]]s per year.<ref>{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=pp Unit|url=https://mrpl.co.in/pp_unit|url-status=live}}</ref> It is one among the two refineries in India to have two CCRs producing high [[Octane rating|octane]] [[unleaded petrol]]. Currently, the [[Oil refinery|refinery]] processes around 14.65 million tonnes of crude per year. The company revenues stood at ₹60,062.02 crore (US$8.4 billion) in 2020.<ref name="pnl"/>
The refinery has a versatile design with high flexibility to process crudes of various [[API gravity|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 (high [[cetane]]).<ref name=":1">{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=Profile|url=https://mrpl.co.in/profile}}</ref> It also has a [[polypropylene]] unit with a capacity of 0.44 million metric [[tonne]]s per year.<ref>{{Cite web|last=Limited|first=Mangalore Refinery and Petrochemicals|title=pp Unit|url=https://mrpl.co.in/pp_unit}}</ref> It is one among the two refineries in India to have two CCRs producing high [[Octane rating|octane]] [[unleaded petrol]]. Currently, the [[Oil refinery|refinery]] processes around 14.65 million tonnes of crude per year. The company revenues stood at ₹60,062.02 crore (US$8.4 billion) in 2020.<ref name="pnl"/>


MRPL, which was a joint sector company, become a [[Public Sector Undertaking|PSU]] subsequent to the acquisition of a majority of its shares by ONGC. As of June 2020, 71.63% shares were held by ONGC, 16.95% shares were held by [[Hindustan Petroleum|Hindustan Petroleum Corporation Limited]] (HPCL), and the remaining shares were held by financial institutions and the general public.<ref name=":0">{{Cite web|title=Latest Shareholding Pattern - Mangalore Refinery And Petrochemicals Ltd.|url=https://trendlyne.com/equity/share-holding/885/MRPL/latest/mangalore-refinery-and-petrochemicals-ltd/|access-date=2020-07-29|website=trendlyne.com}}</ref> MRPL has been declared a [[Miniratnas|Miniratna]] (mini jewel), by the Government of India in 2007.<ref name=":2">{{Cite news|title=Mangalore Refinery And Petrochemicals Ltd.|work=Business Standard|url=https://www.business-standard.com/company/m-r-p-l-2496/information/company-history|access-date=2020-07-29}}</ref>
MRPL, which was a joint sector company, become a [[Public sector undertakings in India|public-sector undertaking]] subsequent to the acquisition of a majority of its shares by ONGC. As of June 2020, 71.63% shares were held by ONGC, 16.95% shares were held by [[Hindustan Petroleum|Hindustan Petroleum Corporation Limited]] (HPCL), and the remaining shares were held by financial institutions and the general public.<ref name=":0">{{Cite web|title=Latest Shareholding Pattern - Mangalore Refinery And Petrochemicals Ltd.|url=https://trendlyne.com/equity/share-holding/885/MRPL/latest/mangalore-refinery-and-petrochemicals-ltd/|access-date=2020-07-29|website=trendlyne.com}}</ref> MRPL has been declared a [[Miniratnas|Miniratna]] (mini jewel), by the Government of India in 2007.<ref name=":2">{{Cite news|title=Mangalore Refinery And Petrochemicals Ltd.|work=Business Standard|url=https://www.business-standard.com/company/m-r-p-l-2496/information/company-history|access-date=2020-07-29}}</ref>


Before its acquisition by [[ONGC]] in March 2003, MRPL was a joint venture oil refinery promoted by HPCL, a public sector company and IRIL & associates (AV Birla Group).<ref name=":2" /> MRPL was set up in 1988 with an initial processing capacity of 3.0 million metric tonnes per annum which was later expanded to the present capacity of 15 million metric tonnes per annum.<ref name=":1" />
Before its acquisition by ONGC in March 2003, MRPL was a joint venture oil refinery promoted by HPCL, a public sector company and IRIL & associates (AV Birla Group).<ref name=":2" /> MRPL was set up in 1988 with an initial processing capacity of 3.0 million metric tonnes per annum which was later expanded to the present capacity of 15 million metric tonnes per annum.<ref name=":1" />


The refinery was conceived to maximise middle distillates, with the capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired A.V. Birla Group's stake and further infused equity capital of ₹600 crores making MRPL a majority-held subsidiary of ONGC.<ref name=":2" /><ref name=":1" /> The lenders also agreed to the [[debt restructuring]] package (DRP) proposed by ONGC, which included, ''inter alia'', conversion of up to ₹3,65,54,884 of the company's loans into equity. Subsequently, ONGC acquired the equity allotted to the lenders pursuant to the DRP raising ONGC's holding in MRPL to 71.63%.<ref name=":0" />
The refinery was conceived to maximise middle distillates, with the capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired A.V. Birla Group's stake and further infused equity capital of ₹600 crores making MRPL a majority-held subsidiary of ONGC.<ref name=":2" /><ref name=":1" /> The lenders also agreed to the [[debt restructuring]] package (DRP) proposed by ONGC, which included, ''inter alia'', conversion of up to ₹3,65,54,884 of the company's loans into equity. Subsequently, ONGC acquired the equity allotted to the lenders pursuant to the DRP raising ONGC's holding in MRPL to 71.63%.<ref name=":0" />


On 30 August 2018, MRPL was given approval for a merger with [[Hindustan Petroleum Corporation|HPCL]] by [[ONGC]].<ref>{{Cite news|url=https://www.thehindu.com/business/mrpl-to-merge-with-hpcl/article24823487.ece|title = MRPL to merge with HPCL|newspaper = The Hindu|date = 30 August 2018|last1 = Pandey|first1 = Piyush}}</ref><ref>{{Cite news|date=2018-05-23|title=HPCL, Mangalore Refinery merger in FY'19: CMD Mukesh Kumar Surana|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/hpcl-mangalore-refinery-merger-in-fy19-cmd-mukesh-kumar-surana/articleshow/64286919.cms?from=mdr|access-date=2020-06-24}}</ref>
On 30 August 2018, MRPL was given approval for a merger with HPCL by ONGC.<ref>{{Cite news|url=https://www.thehindu.com/business/mrpl-to-merge-with-hpcl/article24823487.ece|title = MRPL to merge with HPCL|newspaper = The Hindu|date = 30 August 2018|last1 = Pandey|first1 = Piyush}}</ref><ref>{{Cite news|date=2018-05-23|title=HPCL, Mangalore Refinery merger in FY'19: CMD Mukesh Kumar Surana|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/oil-gas/hpcl-mangalore-refinery-merger-in-fy19-cmd-mukesh-kumar-surana/articleshow/64286919.cms?from=mdr|access-date=2020-06-24}}</ref>


==See also==
==See also==
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* [http://www.mrpl.co.in/ Official Website of the MRPL]
* [http://www.mrpl.co.in/ Official Website of the MRPL]


{{Energy companies and organizations in India}}
{{Energy companies and organisations in India}}
{{Oil refineries in India}}
{{Oil refineries in India}}
{{Public Sector Undertakings in India}}
{{Public Sector Undertakings in India}}

Latest revision as of 14:41, 27 May 2024

Mangalore Refinery and Petrochemicals Limited
Company typeDivision of Oil and Natural Gas Corporation
IndustrieOil and gas
Gegründet7 March 1988 (36 years ago) (1988-03-07) [1]
HauptsitzMudapadav, Kuthethoor P.O., Via Katipalla,
Mangalore
,
India [1]
Key people
Arun Kumar Singh, (Chairman)
Sanjay Varma
(MD)
ProduktePetroleum, Petrochemicals and Natural gas
RevenueIncrease ₹86,161 crore (US$10 billion) [2] (2022)
Increase ₹2,703 crore (US$320 million) [2] (2022)
Increase ₹2,950 crore (US$350 million) [2] (2022)
Total assetsIncrease ₹40,071 crore (US$4.8 billion) [3] (2022)
Total equityIncrease ₹7,209 crore (US$860 million) [3] (2022)
OwnerOil and Natural Gas Corporation, Ministry of Petroleum and Natural Gas, Government of India
DivisionsShell MRPL Aviation
Websitewww.mrpl.co.in

Mangalore Refinery and Petrochemicals Limited (MRPL), is a division of Oil and Natural Gas Corporation (ONGC) which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India.[4] 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.[1]

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 (high cetane).[5] It also has a polypropylene unit with a capacity of 0.44 million metric tonnes per year.[6] 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 revenues stood at ₹60,062.02 crore (US$8.4 billion) in 2020.[2]

MRPL, which was a joint sector company, become a public-sector undertaking subsequent to the acquisition of a majority of its shares by ONGC. As of June 2020, 71.63% shares were held by ONGC, 16.95% shares were held by Hindustan Petroleum Corporation Limited (HPCL), and the remaining shares were held by financial institutions and the general public.[4] MRPL has been declared a Miniratna (mini jewel), by the Government of India in 2007.[7]

Before its acquisition by ONGC in March 2003, MRPL was a joint venture oil refinery promoted by HPCL, a public sector company and IRIL & associates (AV Birla Group).[7] MRPL was set up in 1988 with an initial processing capacity of 3.0 million metric tonnes per annum which was later expanded to the present capacity of 15 million metric tonnes per annum.[5]

The refinery was conceived to maximise middle distillates, with the capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired A.V. Birla Group's stake and further infused equity capital of ₹600 crores making MRPL a majority-held subsidiary of ONGC.[7][5] The lenders also agreed to the debt restructuring package (DRP) proposed by ONGC, which included, inter alia, conversion of up to ₹3,65,54,884 of the company's loans into equity. Subsequently, ONGC acquired the equity allotted to the lenders pursuant to the DRP raising ONGC's holding in MRPL to 71.63%.[4]

On 30 August 2018, MRPL was given approval for a merger with HPCL by ONGC.[8][9]

See also

[edit]

References

[edit]
  1. ^ a b c Limited, Mangalore Refinery and Petrochemicals. "stake holders". {{cite web}}: |last= has generic name (help)
  2. ^ a b c d "Mangalore Refinery and Petrochemicals Consolidated Profit & Loss account, Mangalore Refinery and Petrochemicals Financial Statement & Accounts". www.moneycontrol.com. Retrieved 29 July 2020.
  3. ^ a b "Mangalore Refinery and Petrochemicals Consolidated Balance Sheet, Mangalore Refinery and Petrochemicals Financial Statement & Accounts". www.moneycontrol.com. Retrieved 29 July 2020.
  4. ^ a b c "Latest Shareholding Pattern - Mangalore Refinery And Petrochemicals Ltd". trendlyne.com. Retrieved 29 July 2020.
  5. ^ a b c Limited, Mangalore Refinery and Petrochemicals. "Profile". {{cite web}}: |last= has generic name (help)
  6. ^ Limited, Mangalore Refinery and Petrochemicals. "pp Unit". {{cite web}}: |last= has generic name (help)
  7. ^ a b c "Mangalore Refinery And Petrochemicals Ltd". Business Standard. Retrieved 29 July 2020.
  8. ^ Pandey, Piyush (30 August 2018). "MRPL to merge with HPCL". The Hindu.
  9. ^ "HPCL, Mangalore Refinery merger in FY'19: CMD Mukesh Kumar Surana". The Economic Times. 23 May 2018. Retrieved 24 June 2020.
[edit]
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