About the Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited (MRPL) is a Central Public Sector Enterprise incorporated in 1988 and a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). Headquartered in Mangaluru, Karnataka, MRPL is engaged in refining crude oil and marketing petroleum and petrochemical products. Its equity shares are listed on NSE and BSE.

The Company operates a single refinery and 12 offices in India, with no overseas plants or offices. Refining and marketing together account for 100% of its turnover. MRPL’s product portfolio includes High Speed Diesel (HSD), Motor Spirit (MS), Aviation Turbine Fuel (ATF), Liquefied Petroleum Gas (LPG), Polypropylene, Benzene, Reformate, Bitumen, Sulphur, Xylol (Mixed Xylene), Mineral Turpentine Oil (MTO) and Toluene. It also exports products such as ATF, HSD, Reformate, MS (92/95), Benzene, Naphtha and VGO.

MRPL has no subsidiaries but consolidates one jointly controlled entity in its financial statements—Shell MRPL Aviation Fuels and Services Limited.

As on FY 2024–25, the company achieved its highest-ever gross crude throughput of 18.18 MMT and multiple production records across MS, HSD, ATF, Benzene and Reformate/MS 95.

 

Business Segment of MRPL

• HSD: 42.37% of turnover

• MS: 17.59% of turnover

• ATF: 17.26% of turnover

MRPL reports “Petroleum Products” as its single operating segment for financial reporting purposes.

 

MRPL’s Key Management Team

• Arun Kumar Singh – Chairman

• M. Shyamprasad Kamath – Managing Director & CEO

• Devendra Kumar – Director (Finance) & CFO

• Nandakumar Velayudhan Pillai – Director (Refinery)

• Premachandra Rao G – Company Secretary

 

Latest Updates on MRPL

• Operations: Achieved highest-ever crude throughput of 18.18 MMT in FY 2024–25, with new crude grades added to its basket, boosting refining margins.

• Distribution: Commissioned a fully automated Devangonthi Marketing Terminal in Bengaluru with 81 TKL storage, ethanol and biodiesel facilities to serve retail, institutional and aviation customers.

• Retail footprint: Commissioned 66 HiQ outlets during FY 2024–25, marking entry into Tamil Nadu; operated 167 outlets as on March 31, 2025, with expansion planned into Andhra Pradesh.

• Product launches: Introduced Toluene and Mineral Turpentine Oil (MTO); Toluene was launched by the Union Minister for Petroleum & Natural Gas during a refinery visit.

• Petrochemicals: Achieved highest-ever polypropylene sales of 473 TMT and launched a CPP film grade for niche packaging applications.

• Projects: Approved a 20 KLPD demo Bio-ATF plant integrated with the refinery at a cost of ₹364 crore, targeted for completion by January 2027.

• Joint venture: Shell MRPL Aviation expanded its ATF market share at South Indian airports, posting a 22.2% year-on-year growth in turnover in FY 2024–25.

• Recognitions: Won awards including Best Innovation in Refinery 2024 (ETM), Water Conservation and Horticulture Development Award, and multiple HR and governance accolades.