MRPL

India’s MRPL Reports 271.86 Cr Net Profit in Q4 FY21

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MRPL (Mangalore Refinery & Petrochemicals Ltd), an Indian petrochemicals manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 271.86 crores ($37.3 million) against a net loss of Rs 1889.1 crores ($258.9 million) during the prior-year quarter. Net … Read more

ONGC’s Plan to Merge MRPL & HPCL gets Delayed till 2024

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India’s state run oil and gas explorer ONGC’s plan to merge its refining subsidiary Mangalore Refinery and Petrochemicals Ltd ( MRPL ) with Hindustan Petroleum Corp Ltd (HPCL) has got delayed, according to a report by IANS. The process is now expected to be complete by 2024. The merger was aimed at aligning ONGC’s upstream … Read more