Mangalore Refinery And Petrochemicals
MRPL net profit zooms to Rs 2,707 cr in Q1 on bumper refining margins
Mangalore Refinery and Petrochemicals Ltd (MRPL) net profit zoomed to Rs 2,707 crore in the first quarter of the current fiscal on the back of record refining margins.
 "MRPL net profit zooms to Rs 2,707 cr in Q1 on bumper refining margins")
OMCs pay 73% higher excise duty even as crude oil prices decline
The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20
 "OMCs pay 73% higher excise duty even as crude oil prices decline")
ONGC to take Rs 7,000 cr hit over gas price; govt may alter pricing formula
Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period
 "ONGC to take Rs 7,000 cr hit over gas price; govt may alter pricing formula")
MRPL plans 2G ethanol plant in Karnataka to boost energy security
Apart from the reduction of imports, the 2G ethanol usage in petrol helps reduce greenhouse gas emissions and also provides additional income to farmers.
 "MRPL plans 2G ethanol plant in Karnataka to boost energy security")
State refiners fill up India's strategic reserves with spare crude oil
Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling
 "State refiners fill up India's strategic reserves with spare crude oil")
Mangalore Refinery Q1 net loss at Rs 547.85 cr; revenue at Rs 11175 cr
The company had reported a net profit of Rs 122.5 crore during the April-June period of previous fiscal
 "Mangalore Refinery Q1 net loss at Rs 547.85 cr; revenue at Rs 11175 cr")
MRPL Q4 net up 15.7% at Rs 1,353 cr
This is on account of higher refinery margins and lower inventory loss
 "MRPL Q4 net up 15.7% at Rs 1,353 cr")
