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Mangalore Refinery and Petrochemicals Limited (MRPL) is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. MRPL is located in a beautiful hilly terrain, north of Mangaluru city, in Dakshina Kannada District of Karnataka State (India). Refinery has got a versatile design with complex secondary processing units and a high flexibility to process Crudes of various API, delivering a variety of quality products.
MRPL, with its parent company Oil and Natural Gas Corporation Limited (ONGC), owns and operates ONGC Mangalore Petrochemicals Limited (OMPL), OMPL, situated in the adjacent Mangalore Special Economic Zone ( MSEZ), is integrated with the refinery operations. Para Xylene and Benzene products from OMPL are sold in the export market.
Shell MRPL Aviation Fuels and Services Limited (SMA) is a 50:50 joint venture between MRPL and Shell Gas B.V. (Shell), a step down subsidiary of Royal Dutch Shell Plc, Netherlands markets aviation turbine fuel (ATF) to airlines, both domestic as well as International carriers. SMA currently procures ATF from MRPL Refinery Complex and supplies at various airports like Bengaluru, Goa, Mangalore, Hyderabad, Chennai, Calicut, Madurai, Trichy, Coimbatore, Kannur etc. SMA enable Indian carriers fuelling requirement across International Airports.
Business area of the company
The Company is engaged in the business of refining of crude oil. The Company is a subsidiary of Oil and Natural Gas Corporation Limited which holds 71.63% equity shares.
Products and services:Retail Sales
MRPL stands for Mangalore Refinery and Petrochemicals Ltd. MRPL laid its roots in 1988 in Katipalla, north Mangalore. In broader terms, MRPL is an oil refinery and is a subsidiary of Oil and Natural Gas Corporation (ONGC). Offering high degrees of automation, MRPL processes crude oil of different grades and for various uses through its promising plants and machinery. Offering you a wide variety and versatility in every fuel, MRPL indeed stands firm when it comes to services. It processes around 14.65 million tonnes of crude per year, with current revenue standing strong at ₹60,062.02 crores (US$8.4 billion) in 2020. MRPL is efficient in their work while practising efficiency at every step and has been awarded quite a few times for this vision.
MRPL exhibits potential development and growth every year and is an excellent example of progress. It is one of the largest oil refineries in INDIA. With the help of modern technologies, they are expanding their horizons with coming times. When MRPL started in 1988, its capacity was 3.69 million metric tonnes per annum which have now expanded almost five times to whooping 15 million metric tonnes per annum. It is the only refinery in India to have two hydrocrackers units and two CCR's producing premium quality fuel.
MRPL is listed on both the Bombay stock exchange and National Stock Exchange.MERGERS AND ACQUISITIONS
Before 2003 March, MRPL was acquired by Hindustan Petroleum Corporation Limited (HPCL), a public sector company, IRIL & associates (A.V. Birla Group). It was a joint venture back then, but on 28th March 2003, ONGC took over A.V. Birla Group's stake and further invested funds of ₹600 crores making MRPL a majority-held subsidiary ONGC.
ONGC acquired 71.63% shares of MRPL as of June 2020, making it the parent. From the remaining MRPL shares, 19.65% are owned by Hindustan Petrochemical Ltd (HPCL), with which MRPL joined alliances and merged on 30th August 2018 by approval from ONGC.
MRPL also holds a joint venture with Shell Gas B.V. (Shell), known as Shell MRPL Aviation Fuels and Services Limited (SMA). They market aviation turbine fuel (ATF) to airlines, both domestic as well as international carriers.SERVICES
Mangalore refinery and petrochemicals deal in products of crude oil. It has various processing units like Primary, secondary, and Treating units. They produce multiple products from crude oil likeBitumen
MRPL is a leader when it comes to lubricants.
Apart from these products, they have an excellent department of research and development which carries out duties like raw material analysis, weather monitoring, utility sample analysis, investigation and failure analysis, etc.MILESTONES & ACHIEVEMENTS
MRPL has bagged many awards and reached many milestones in its long journey of petrochemical refining, research, and other areas. Here are some of the insights on one of India's leading refineries MRPL.Oil Conservation Award from Ministry of Petroleum and Natural Gas on January 31st, 2003.
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Our website has information about 12 other crude oil companies that give insight into the company’s financials. Companies include Reliance Industries, Oil & Natural Gas Corporation, Bharat Petroleum Corporation, Indian Oil Corporation, Hindustan Petroleum Corporation & many more.