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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 ends free oil shipping to India, demands payment in Euros

Iran ends free oil shipping to India, demands payment in Euros

Iran, no longer under sanctions, has ended free shipping of crude oil to India and has terminated a three-year old system of getting paid for half of the oil dues in rupees

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.

MRPL plans to set up LNG Terminal at Mangalore port

Mangalore Refinery and Petrochemicals (MRPL) will explore a possibility of setting up a fixed or landbased LNG import terminal at Mangalore port.

 

Indian oil companies pay $700 mn to Iran for oil

Indian oil companies pay $700 mn to Iran for oil

Essar Oil, MRPL and other Indian refiners today paid Iran USD 700 million to clear over one-tenth of their outstanding oil dues, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

Iran asks India to clear $6.5-billion oil dues in 2 months

Iran has asked India to pay within two months USD 6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said.

MRPL Q4 net profit up 9.6%; to foray into fuel retailing business

The company had a foreign exchange gain of Rs 168 crore. It earned good refining margin, earning USD 8.56 on turning every barrel of crude oil.

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.

MRPL raises stake in ONGC Mangalore Petrochemicals to 46%

The company, a subsidiary of Oil and Natural Gas Corp (ONGC), bought some 25,000 equity shares of Rs 10 each from mostly employees.

India pays $400 million in oil dues to Iran

India on Tuesday paid Iran USD 400 million to clear part of its past dues for crude oil its buys from the Persian Gulf nation and will pay another USD 500 million by the month end.

Govt sacks all five independent directors of MRPL

With this, the board has lost its power to pass accounts, or take any large investment decisions.

After IOC, govt to sack ind directors of ONGC, HPCL, MRPL

After sacking four independent directors of IOC, the Narendra Modi-government is now seeking to remove nine similar Congress-appointees from the board of ONGC, HPCL and MRPL.

MRPL gets new managing director

Mangalore Refinery and Petrochemicals Ltd said on Friday its head of finance Vishnu Agrawal will take on the additional charge of managing director.

ONGC to sell stake in Mangalore petchem project to MRPL

ONGC holds 46 percent stake in OMPL which is building a Rs 6,400-crore Aromatic Complex in Mangalore Special Economic Zone.

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.

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 plans expansion into a 21 MMTPA refinery

The company has also planned to diversify into petrochemicals.

MRPL ramps up refining capacity to 15 mn tons

Mangalore Refinery and Petrochemical Ltd on Friday (MRPL) said it has completed expansion of its refinery to 15 million tons, raising India's refining capacity to 216 million tons.

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.