Home / Knowledge / News / Textiles / MRPL-SHELL JV Company HO to be in Bangalore
MRPL-SHELL JV Company HO to be in Bangalore
06
Feb '08
Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna company and an ONGC group company, signed the Joint Venture Shareholders agreement with Shell.

The JV Company would be incorporated as a private limited company, with initial equity of Rs. 30 Crores. The Registered office and Head office of the JV would be in Bangalore.

The JV will be exclusive in nature and both MRPL and Shell will route all their future marketing activities for Aviation Fuelling Service through the JV.

The JV will initially commence marketing of ATF at Bangalore and Hyderabad, and later expand its operations to other airports in India.

The JV will refuel foreign aircrafts in Indian airports and will also contract refuelling of Indian aircrafts at foreign airports through Shell affiliates.

The Joint Venture Agreement was signed by MRPL Managing Director Mr. R Rajamani and Vice President Shell Aviation Mr Sjoerd Post, in the presence of Chairman ONGC Group of Companies Shri R S Sharma, and Chairman Shell Group of Companies in India Mr. Vikram S Mehta. The agreement is effective from 1st March 2008.

MRPL's Managing Director R Rajamani exchanges the JV agreement with Shell Aviation's Vice President Sjoerd Post in ONGC office in New Delhi on 5th February 2008.

Looking on are (from left) : ONGC Group Chairman R S Sharma, ONGC Director (HR & Business Development) Dr. A K Balyan, MRPL, Director(Finance) L K Gupta and Shell India Chairman Vikram S Mehta ONGC CMD and MRPL Chairman Mr. R S Sharma was optimistic that the JV agreement as a major initiative by both companies to cater to the growing Indian Aviation sector that will catalyse the marketing activities of MRPL.

Shell India Country Chairman Mr. Vikram Mehta said, “With huge growth in the civil aviation sector in India it is indeed timely that we are formally joining hands with MRPL, to serve this large market opportunity with our shared values of quality products and excellent service”.

Mr R Rajamani, MD, MRPL said if the speed and skill with which the JV has been formalized is any indication, the JV will set new benchmarks in Indian Aviation Service.

Mangalore Refinery and Petrochemicals Limited

Must ReadView All

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Apparel/Garments | On 22nd Feb 2017

Amazon UK to create 5,000 full time jobs this year

Amazon UK said it will create more than 5,000 full time jobs this...

Courtesy: London Fashion Week

Fashion | On 22nd Feb 2017

India bags best country award at London Fashion Week

The International Fashion Showcase (IFS) Country Award was given to...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search