Uddhav Thackeray's aggression

Uddhav Thackeray's aggression

From all accounts, Shiv Sena chief Uddhav Thackeray appears an unlikely candidate for a skirmish...
HC rejects PIL against Robert Vadra

HC rejects PIL against Robert Vadra

A PIL had sought CBI probe into various land deals allegedly entered into by Robert Vadra's firms.

MRPL posts loss in Q1 on Re devaluation

Aug 09 2013, 12:10 IST
Comments 0
SummaryMangalore Refinery and Petrochemicals (MRPL) on Thursday reported a net loss of Rs 454 crore in the June quarter on back of foreign exchange losses.

Mangalore Refinery and Petrochemicals (MRPL) on Thursday reported a net loss of Rs 454 crore in the June quarter on back of foreign exchange losses. The loss of Rs 454 crore in April-June quarter was, however, lower than a net loss of R1,521 crore in the same period a year ago.

MRPL, a subsidiary of state-owned Oil and Natural Gas Corp (ONGC), said it lost R517 crore “as rupee value against US dollar depreciated from R54.31 to a US dollar to R59.40”.

The company earned $2.94 on turning every barrel of crude oil into fuel in Q1 as against a negative gross refining margin of $4.15 per barrel in April-June 2012.

Turnover rose 19.8% to R16,134 crore while export rose 16.6% to R6,928 crore.

MRPL procesed 3.27 million tonnes of crude oil at its Mangalore refinery, up from 2.89 million tonnes in Q1 last year. Exports rose to 1.55 million tonnes from 1.34 million tonnes. The 15 million tonnes a year refinery is being expanded to 18 millions, which is 99.02% complete.

Ads by Google

More from Front Page

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...