What about this rally which sent MRPL to its target price 280 which has been speculated by the analysists
Aim is to enhance refinery capacity to 25 mt
High value products
The project envisages production of high value products such as propylene, Euro-III/Euro IV compliant gasolene and diesel.
New Delhi , March 4
The ONGC board has approved a capital expenditure of Rs 8,000 crore for the upgradation of Mangalore Refinery & Petrochemicals Ltd (MRPL).
The board, which met on Friday, cleared the integrated refinery upgradation project for its subsidiary MRPL. The capacity of refinery will be enhanced from the present 9.69 million metric tonnes per annum (mmtpa) to 25 mmtpa, a company statement said.
The project is expected to be completed in three-and-a half years making MRPL one of the largest PSU refinery investments at a single location in the country, the statement said.
The project, on commissioning, will significantly enhance value addit ...more