MOSCOW (MRC) -- Mangalore Refinery and Petrochemicals Ltd (MRPL), which is planning to expand market for polypropylene (PP), is targeting to sell around 0.44 mln tons (mt) of PP a year, as per Plastermart with reference to The Hindu.
The 28th annual report of MRPL for 2015-16 said that the company has successfully penetrated the polypropylene market in a short span of nine months with a sales volume of 0.139 mt and sales value of Rs1,039 crore. The company is in the process of expanding its market reach in order to sell 0.44 mt of polypropylene a year.
To leverage the highly profitable polypropylene and to position MRPL as a niche player, comprehensive pricing of various grades of polypropylene has been put in place along with customer enrolment activity. Del Credere Agents cum Consignment Stockist has been appointed to partner MRPL in addressing major demand clusters in the south and west of India. The aromatics complex of OMPL, which produces paraxylene and benzene in Mangalore Special Economic Zone, started its operations from October 1, 2014. OMPL’s aromatic complex has the capacity to produce 0.914 mln tpa of paraxylene and 0.283 mln tpa of benzene.
As MRC wrote before, in August 2015, MRPL initiated its downward integration by amalgamation with ONGC Mangalore Petrochemicals Limited (OMPL).
Mangalore Refinery and Petrochemicals Limited (MRPL), is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1993. The refinery is located at Katipalla, north from centre of Mangalore city. The refinery was established after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.
MRC