What we do Mangalore Refinery and Petrochemicals Ltd (MRPL) is a leading Indian oil refining and petrochemical company with a refinery capacity of 18.18 million metric tonnes per annum. |
Founded in 1,988 |
Market share MRPL holds a dominant position in Karnataka and adjoining states, expanding retail outlets across Southern India; integrated with ONGC, a key player in India's refining sector. |
Problem solved MRPL addresses India's demand for petroleum products and petrochemicals, ensuring supply of fuels, polymers, and aviation turbine fuel efficiently. |
Top clients or who we serve Institutional customers, retail consumers, aviation sector, petrochemical markets; mainly B2B and B2C segments primarily in India and export markets. |
Key management - |
Our journey and innovations Started in 1988 with 3.69 MMT capacity; expanded to 18.18 MMT through multiple phases; pioneered integrated petrochemical production; adopted AI/ML and digital technologies. |
Where we operate Primarily India with retail presence in Karnataka, Kerala, Tamil Nadu, and plans for Andhra Pradesh; exports petrochemicals internationally. |
Top products or what we offer Refined petroleum products including MS, HSD, ATF; petrochemicals like polypropylene, para xylene, benzene; bitumen; retail fuel outlets across southern India. |
Top brands MRPL HiQ retail outlets (167+ locations) - fast-growing retail network; Shell MRPL Aviation Fuel JV - key ATF supplier; Polypropylene products - fastest growing segment. |
Raw materials needed Crude oil from diverse global sources including Russia, Brazil, Libya, Iraq, Nigeria, Venezuela; RLNG for internal fuels. |
Raw materials supplier Sourced globally from oil producers and trading companies; long-term contracts with ONGC and Middle East suppliers. |
Recurring vs cyclical contribution Revenue largely cyclical tied to crude oil prices and demand fluctuations; stable recurring revenue from retail operations and petrochemical sales. |
Our industry position A leading Indian refinery and petrochemical player with Schedule A Miniratna status and strong financial credit ratings (ICRA AAA, CRISIL AAA). |
Financial highlights Revenue Rs.1,09,239 Crore FY 2024-25; net profit Rs.56 Crore; gross refining margin US$4.45/bbl; significant revenue growth in retail and polymer segments. |
Geographical revenue split Domestic revenue about Rs.72,773 Crore; exports and other countries Rs.36,466 Crore in FY 2024-25. |
Order book - |
Whats driving growth Capacity expansion, retail network growth, product diversification into polymers and petrochemicals, digital transformation, and environmental upgradation projects. |
Our future plans Ongoing projects include green hydrogen unit, Bio-ATF plant, marketing terminal expansions, digital upgrades, and Net Zero carbon target by 2038. |
Our green promise Committed to Net Zero carbon emissions by 2038; extensive waste recycling, water conservation, solar power generation and green belt development. |
Our people and values Around 2,530 employees with focus on diversity, employee welfare, training, inclusion, and robust occupational health & safety systems. |
Key challenges ahead Volatility in crude prices, regulatory compliance, land acquisition for expansion, cybersecurity threats, geopolitical risks affecting crude supply. |
Interesting facts First refinery in India to operate on AI/ML-based real-time optimization; commissioned highest ever gross crude throughput of 18.18 MMT in FY 2024-25. |
Risks and strategy Mitigating GRM volatility via diversified crude sourcing and process optimization; strengthening cybersecurity; ongoing risk reviews and compliance to ensure operational continuity. |
