MRPL trades in green on commissioning 0.65 MMTPA CHT Unit

Mangalore Refinery & Petrochemicals (MRPL) is currently trading at Rs. 58.15, up by 0.05 points or 0.09% from its previous closing of Rs. 58.10 on the BSE. The scrip opened at Rs. 58.40 and has touched a high and low of Rs. 59.35 and Rs. 57.90 respectively. So far 44361 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.70 on 23-Apr-2014 and a 52 week low of Rs. 26.45 on 16-Aug-2013. Last one week high and low of the scrip stood at Rs. 60.25 and Rs. 55.10 respectively. The current market cap of the company is Rs. 10278.99 crore. The promoters holding in the company stood at 88.58%, while Institutions and Non-Institutions held 3.56% and 7.86% respectively. Mangalore Refinery & Petrochemicals’ (MRPL) 0.65 MMTPA Coker Heavy Gas Oil Hydro Treating Unit (CHTU), a secondary processing facility of the Phase III Upgradation and Refinery Expansion Project of the company went on stream. The CHT Unit has been built with an investment of about Rs 443 crore with technology supplied by UOP and executed by Technimont ICB India. The VGO (Vacuum Gas Oil) feed cut in was done on May 10, 2014 and the product hydro treated VGO was routed out on May 11, 2014 to PFCCU (Petroleum Fluidized Catalytic Convertor Unit) feed tank. The pre-commissioning / commissioning activities of PFCCU that is part of MRPL Phase III is progressing rapidly. CHT Unit is designed to treat Coker Heavy Gas Oil (HCGO) and VGO to produce low sulphur. MRPL, a schedule ‘A’ CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery located in a beautiful hilly terrain, north of Mangalore city, in Dakshin Kannada region.