Mangalore Refinery Shifts Focus: Retail Expansion Over Exports

17 Aug 2023 CW Team

Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corp (ONGC), is strategically phasing out fuel exports over the next two to three years. The company is focusing on expanding its local retail network in southern India, aiming to increase its retail outlets from around 71 to 1,800 by 2027. This shift is driven by the potential for more stable revenue from the retail sector, offering favourable marketing margins as a hedge against volatile refining margins.

MRPL's exports of diesel and jet fuel have faced challenges due to maintenance shutdowns at other refiners, leading to increased demand for its products in recent months. The company plans to eliminate exports and route its volume through the growing retail network.

For the current fiscal year ending on March 31, MRPL is targeting refinery operation at around 107-108% capacity, compared to 115% in the previous year. This includes a maintenance shutdown of a 60,000 bpd crude unit and secondary units for approximately 35-40 days, starting in late August. To manage the maintenance impact, MRPL plans to reduce crude imports, including from Russia, during August and September.

MRPL is also exploring opportunities beyond refinery operations, with plans to set up an oil-to-chemical plant to produce specialty chemicals and pharmaceutical ingredients in response to increasing local demand. The company aims to receive a comprehensive feasibility report for this initiative within the next 6-7 months.

This strategic shift showcases MRPL's adaptability to market dynamics, as it seeks to maximise revenue growth and enhance its role in India's energy landscape.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..