- Business
- Mangalore Refinery and Petrochemicals Limited (MRPL.NS) operates a complex oil refinery with a capacity of 15 million metric tonnes per annum, focusing on refining crude oil into a wide range of petroleum and petrochemical products; its core offerings include liquefied petroleum gas (LPG), high-speed diesel (HSD), motor spirit (petrol), aviation turbine fuel (ATF), kerosene, petroleum coke, base oils, polypropylene, and aromatic compounds such as toluene. The company, a subsidiary of Oil and Natural Gas Corporation (ONGC) with 71.63% ownership, processes diverse crudes of varying API gravities and serves domestic and export markets in Asia, Europe, and the Middle East through its strategic location near New Mangalore Port. Established in 1988 and headquartered in Mangalore, Karnataka, India, at Katipalla, MRPL maintains high flexibility with features like two hydrocrackers for premium diesel, two continuous catalytic reformers for high-octane petrol, and a polypropylene unit of 0.44 million metric tonnes per year. Recent developments include the launch of toluene production with 40 thousand metric tonnes annual capacity in early 2025 to address domestic shortages and save foreign exchange; acquisition of additional stake increasing ownership in Mangalore SEZ to 27.92% for Rs 65.66 crore in January 2025; a crude storage agreement with Indian Strategic Petroleum Reserves Limited for its Mangalore facility; ambitious retail expansion targeting 100 new outlets in FY26 to reach around 300 total; and the Green Initiative program enhancing biofuel output by 25% alongside investments in sustainable energy and technology upgrades.