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MRPL to expand capacity
Mangalore Refineries and Petrochemicals Ltd (MPRL) is planning to invest Rs 5,000 crore for its refinery expansion and petrochemical projects.
MRPL is involved in three main projects. It is expanding crude refining capacity from 9.6 mn tonne a year, to 15 mn tonne which is worth an estimated cost of Rs 12,160 crore. The company is putting up a Rs 1,804 crore project to produce 440,000 tonne a year of polypropylene. In addition, ONGC Mangalore Petrochemicals Ltd, a joint venture of MRPL and its parent company, ONGC, is putting up a Rs 5,700 crore project to produce 905,200 tpa of paraxylene and 337,900 tpa of benzene. The refinery expansion project and the polypropylene project are being executed with a debt-equity mix of 2:1.
Contact: Mangalore Refineries and Petrochemicals Ltd. Tel: 0824-227 0400. Fax: 0824-227 1200. E-mail: mrplmlr@mrplindia.com Website: www.mrpl.co.in
Mangalore Refineries and Petrochemicals Ltd (MPRL) is planning to invest Rs 5,000 crore for its refinery expansion and petrochemical projects. MRPL is involved in three main projects. It is expanding crude refining capacity from 9.6 mn tonne a year, to 15 mn tonne which is worth an estimated cost of Rs 12,160 crore. The company is putting up a Rs 1,804 crore project to produce 440,000 tonne a year of polypropylene. In addition, ONGC Mangalore Petrochemicals Ltd, a joint venture of MRPL and its parent company, ONGC, is putting up a Rs 5,700 crore project to produce 905,200 tpa of paraxylene and 337,900 tpa of benzene. The refinery expansion project and the polypropylene project are being executed with a debt-equity mix of 2:1. Contact: Mangalore Refineries and Petrochemicals Ltd. Tel: 0824-227 0400. Fax: 0824-227 1200. E-mail: mrplmlr@mrplindia.com Website: www.mrpl.co.in