MRPL hopeful of resolving opposition to land acquisition

Vishwesha Tirtha Swami of Pejawar Mutt is opposing the government providing 1,050 acres of land for the expansion of MRPL, contending that the farmers of the region were totally against the land acquisition.

Iran asks India to clear dues worth $6 bn in euros within six months

Iran asks India to clear dues worth $6 bn in euros within six months

With US lifting sanctions, Iran has told Indian authorities that the three-year old mechanism, paying 45 percent of oil import bill in rupees and keeping the remaining 55 percent pending for payment channels to clear, has come to an end.

India to pay another $700 mn to Iran on Oct 12

India to pay another $700 mn to Iran on Oct 12

 India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in  exchange of easing of sanctions, which had crippled its oil economy.

 

 

RIL to restart petrol pump network by March next year

"Reliance plans to re-commission the entire network of 1,400 outlets by the end of FY 2015-16. As on March 31, 2015, over 300 outlets are operational," the company said in its latest annual report.

Mangalore Refinery eyes OMPL's $1 bn petchem plant

The board of Mangalore Refinery and Petrochemicals Ltd (MRPL) on Thursday set up a committee of directors to explore the possibility of taking over a USD 1 billion petrochemical plant adjacent to its refinery.

India makes another $400 mn payment to Iran

Mangalore Refinery and Petrochemicals Ltd, the nation's largest buyer in the public sector, paid USD 154 million (about Rs 950 crore), while private sector Essar Oil paid about USD 201 million, industry sources said.

MRPL shares surge over 19% on robust earnings

Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) on Wednesday surged more than 19 percent in early trade after it reported net profit of Rs 1,067 crore for the fourth quarter of 2013-14.

Mauritius may soon decide on MRPL contract renewal issue

Mauritius has conveyed to India that issues regarding renewal of contract with Mangalore Refinery and Petrochemicals Ltd (MRPL) have been sorted out and a final decision in this regard was expected soon.

MRPL, HPCL to cut Iranian crude oil imports

Mangalore Refinery and Hindustan Petroleum are likely to cut crude oil imports from Iran next fiscal as western sanctions against the Persian Gulf nation forces them to diversify their oil sourcing basket.

MRPL, HPCL to cut Iranian crude oil imports

Mangalore Refinery and Hindustan Petroleum are likely to cut crude oil imports from Iran next fiscal as western sanctions against the Persian Gulf nation forces them to diversify their oil sourcing basket.