PSU IN MEDIA
MRPL profit leaps to 92 percent in Q3
Mangaluru. Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a profit of ?566 crore in the third quarter of 2016-17 against a profit of ?295 crore in the corresponding period of 2015-16, a growth of 91.86 per cent. H Kumar, Managing Director, attributed this growth to the increase in the throughput of the refinery, gross refining margin (GRM) and to the inventory gain during the quarter.
The throughput increased to 4.35 million tonnes during the Q3 against 3.82 mt during the corresponding period of the previous fiscal. The gross refining margin stood at $7.43 a barrel during the third quarter against $4.83 a barrel during Q3 of 2015-16. BUsiness Line
Read Also : RBI to halt exchange services of Rs 2000 notes on 1 April, 2024
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC