JOIN US'MRPL to increase capacity by 21 MMPTA by 2021'
The Mangalore Refinery and Petrochemicals Limited (MRPL) would increase its refining capacity to 21 million metric tonne per annum (MMPTA) by 2021, announced MRPL Chairman and Managing Director Sudhir Vasudeva.
Addressing media persons soon after the 24th annual general meeting here on Saturday, he said the year 2011-12 was a remarkable year for the company as it increased its refining capacity to 15 MMPTA by successfully commissioning the Crude Distillation Unit and Vaccum Distillation Unit (CDU & VDU) of Phase III project of March 29, 2012. “The company plans to increase the capacity to 18 MMPTA by the end of 12th five year plan,” he added.
He also recalled that MRPL signed an MoU worth Rs 80,000 million with Government of Karnataka in the recently held Global Investors’ Meet, envisaging enhancement of the refining capacity to 21 MMPTA.
Stating that the company has achieved highest ever turnover of Rs 5,72,068 million and highest ever crude throughput of 12.82 MMPTA in the financial year 2011-12 inspite of the unprecedented global economic uncertainties and slowdown, the Chairman said the company earned a net profit of Rs 9,086 million against the net profit of Rs 11,766 million during the corresponding previous year due to sharp decline in crude prices, rupee value and throughput levels.
New product
Noting that the MRPL has achieved an overall progress of 96.5 per cent as on September 1, 2012 in Phase III project, Vasudeva said that the company is in the process of progressive commissioning of Diesel Hydro Treater Unit (DHDT), Sulphur Recovery Unit (SRU), Captive Power Plant (CPP), Petro Fluidised Catalytic Cracking Unit (PFCCU), Delayed Coker Unit (DCU) and Coker Gas Oil Hydro Treater Unit (CHTU) in the sequential order. “The Delayed Coker Unit will produce petcoke, a new product,” he informed.
The company is also setting up a 440 KTPA Polypropylene plant, integrated with Phase III expansion of refinery complex with an investment of Rs 18,038 million for supplying polypropylene to downstream processing industry. “The project has achieved an overall progress of 82.5 per cent as on September 1, 2012,” he informed.