Mangalore Refinery And Petrochemicals Ltd Company Profile: Products, Promoters and Clients
Question 1: What are the products and services of Mangalore Refinery And Petrochemicals Ltd?
Mangalore Refinery and Petrochemicals Limited (MRPL) is a part of the Oil and Natural Gas Corporation (ONGC). It plays a necessary role in India's oil and petrochemical industry. MRPL focuses on refining crude oil, making petrochemicals, and providing retail services for customers in India and abroad. Here's a summary of its products and services:
Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery
1- Refined Petroleum Products
The refinery processes different types of crude oil to produce high-quality petroleum products needed in many industries.
- Liquefied Petroleum Gas (LPG): A flexible fuel for cooking at home, heating in industries, and as a clean energy option.
- High-Speed Diesel (HSD): An important fuel for vehicles and heavy machines.
- Motor Spirit (Petrol): Quality petrol for cars and transportation.
- Aviation Turbine Fuel (ATF): Special fuel for the aviation industry.
- Naphtha: A main ingredient for making plastics and synthetic fibers in the petrochemical industry.
- Furnace Oil: A heating fuel for boilers and furnaces in industrial settings.
- Bitumen: Necessary for building roads and waterproofing in construction projects.
- Sulfur: A by-product used in making fertilizers and in chemical industries.
Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education
2- Petrochemical Products
The company MRPL has expanded into making petrochemicals. These products are important for many industries.
- Polypropylene: A standard plastic is used in packaging, car parts, fabrics, and everyday products.
- Aromatic Compounds: Includes:
- Benzene is used to manufacture resins, plastics, and synthetic fibres.
- Toluene: A solvent and a raw material for producing chemicals like toluene diisocyanate.
- Xylene: Primarily used in the production of polyester fibres and films.
3- Retail and Marketing
MRPL is expanding its presence in the retail fuel market under the brand HiQ:
- Retail Fuel Outlets: Offering petrol, diesel, and lubricants.
- Customer-Centric Services: Focus on convenience and quality in fuel delivery.
Also Read: Advance Metering Technology Limited Company Profile: Products, Promoters and Clients
4- Industrial Products
MRPL produces specialty industrial products to meet the needs of specific industries:
- Petroleum Coke: Used in cement manufacturing and power generation.
- Base Oils: Essential for producing automotive and industrial lubricants.
5- Export Operations
- The company exports a lot of petroleum and petrochemical products. Its location near New Mangalore Port helps it trade easily around the world. The main products it exports are diesel, petrol, aviation fuel, and aromatic compounds to Asia, Europe, and the Middle East.
6- Sustainability and Green Initiatives
- Bio-Fuels: They are developing bio-diesel and ethanol fuels to lower carbon emissions.
- Energy Efficiency: MRPL uses advanced technologies to improve energy use.
- Effluent Treatment: They use zero-liquid discharge systems to reduce environmental harm.
Question 2: Who are the promoters of Mangalore Refinery And Petrochemicals Ltd?
Oil And Natural Gas Corporation Limited and Hindustan Petroleum Corporation Limited are the promoters of Mangalore Refinery And Petrochemicals Ltd.
Mundkur Shyamprasad Kamath is the Managing Director and Director of Finance at Mangalore Refinery and Petrochemicals Limited (MRPL). He has a professional career spanning over 30 years in the downstream hydrocarbon industry. He holds a Bachelor's degree in Chemical Engineering from MIT Manipal in 1989 and a Post-Graduation Diploma in Management from TA Pai Management Institute Manipal in 1992.
Also Read: Coromandel International Ltd Company Profile: Products, Promoters and Clients