Mangalore Refinery and Petrochemicals Limited registers 3.2% higher turnover for the first quarter 2014-15
The Board of Directors of Mangalore Refinery and Petrochemicals Limited, a subsidiary company of ONGC and Schedule A Mini Ratna company, approved its un-audited (Limited Review) results for the first quarter 2014-15, the company said in its press release.
The Company’s refining throughput was 3.20 MMT as against 3.27 MMT in the corresponding previous quarter; the shortfall is attributed to planned shutdown. The GRM was lower at $ 0.66 /bbl as against $ 2.94 /bbl during the corresponding quarter, due to increased fuel and loss in a scenario of part commissioning of refinery expansion project. The Company has posted a marginal loss of ` 36 crore after adjustment of tax as against loss of ` 454 crore after adjustment of tax during the corresponding previous quarter.
