MRPL, close to Mangaluru, processes 10% of the full crude oil refined by PSU petroleum refineries in India.
| Photo Credit: Special Arrangement
Mangalore Refinery and Petrochemicals Limited (MRPL) has achieved several firsts in manufacturing throughout the first quarter of monetary yr 2023-24 ending June 30, together with highest-ever internet throughput and highest-ever capability utilisation.
The Board of Directors authorised MRPL’s standalone and consolidated unaudited monetary outcomes for Q1 in their 257th assembly on July 28. The refinery clocked highest-ever refinery throughput of 4.36 million tonnes, highest-ever capability utilisation of 116.26% with 15 million tonnes of put in capability, highest-ever manufacturing of motor spirit (petrol) at 229.9 thousand tonnes monthly, and highest-ever MS-BSVI home dispatch at 178 TMT in June 2023.
The firm registered ₹1,013 crore internet profit throughout Q1 of 2023-24, towards ₹2,707 crore throughout Q1 of 2022-23. It earned ₹24,832 crore gross revenue from operations, towards ₹35,915 crore in Q1 in 2022-23.
MRPL’s gross refining margin stood at $9,81/bbl towards $24.45/bbl in the final fiscal.
The gross revenue from operations and profit for Q1 FY 2023-24 have been decrease in comparison with the corresponding figures for Q1 FY 2022,-23 because the product costs in Q1 FY 2023-24 have been a lot decrease than these for Q1 FY 2022-23.
