Mangalore Refinery and Petrochemicals Limited (MRPL) is a grassroot refinery entity from India. It is a subsidiary of the Oil and Natural Gas Corporation of India. The refinery set up in the year 1988, is a public sector undertaking. As per the official financial reports the total revenue for the fiscal year 2008-09 is Rs. 427.19 billion. The headquarters are located at Mangalore, India.
Mangalore Refinery and Petrochemicals Limited has won several awards and accolades for its continued growth over time. Moreover within a short stint from its initiation the entity has become successful to deliver value in terms of quality products. The company was certified with ISO 14001 in the year 2002. In the year 2003 ISO 9001: 2000 certification was conferred upon it. Moreover it is an environment-friendly business entity and focuses upon the oil conservation. Its efforts in oil conservation and eco-friendliness have been recognized by many private and Government organizations. MRPL has been judged best exporter several times for its unique mode of operation.
Initially the MRPL was set up with the processing capacity of 3.0 Million Metric tonnes per annum. Later the capacity was increased to the present capacity of 9.69 Million Metric tonnes per annum. At present several manufacturing facilities are available in the MRPL. They are:
1.Crude & vacuum distillation units
2.Captive power plant
3.Bitumen
4.Hydrogen
5.Merox
6.Hydrocracker units
7.Platforming units and
8.Soaker Visbreakers
Mangalore Refinery and Petrochemicals Limited is a pretty dynamic company both in terms of performance in its niche and in its stocks. You can request expert suggestions, tips, business analysis or specialized reports from this platform where we discuss the trading prospects of the stocks of various Indian and foreign companies. If you have first-hand experience of short term or long term trading in the stock market then you can mention your preferences regarding the buying and selling of stocks in the trading arena & the importance of effective trading calls.
Buy MRPL with target of Rs 90 and stop loss of Rs 82, says Ashish Chaturmotha of Anand Rathi Securities on NDTV Profit. The stock is currently trading at Rs 85.30, up 1.7% on the BSE.