May '08
In FY 2007-08 MRPL's performance on fiscal and physical parameters have been commendable and the company earned a net profit of Rs. 1,272 crore as compared to Rs. 525 crore in the previous year, after providing for Interest and finance charges of Rs. 148 crore (Rs.215 crore), depreciation of Rs. 378 crore (Rs 355 crore) and tax liability of Rs.461 crore (Rs. 563 crore). The exports during the year were Rs. 11,232 crore (Rs.11,637 crore).
The Board of Directors recommended a dividend of 12% ( vis a vis the previous year's 8%). Despite substantial improvement in financial performance, the recommendation of the Board, to increase the dividend marginally is due to the large requirement of funds for the ongoing Refinery Upgradation and expansion project, involving capex in excess of Rs. 8,000 crore and also the continuing heavy under-recoveries in the direct sale of products.
Click here to view more:
Mangalore Refinery & Petrochemicals Ltd
.jpg)
Must ReadView All
Textiles | On 22nd Jul 2017
Govt constitutes GST Feedback and Action Room
The Government of India has constituted a Feedback and Action Room...
Textiles | On 22nd Jul 2017
India’s cotton textile exports fell in FY17: Tamta
The overall export of cotton textiles from India declined in 2016-17...
Textiles | On 22nd Jul 2017
Stella McCartney, Bolt Threads partner for eco fashion
Fashion designer Stella McCartney has partnered with Bolt Threads for ...
Interviews View All
Krishnanand Tripathi
Textrade International Ltd
We believe in vocational education for entry-level employees, offering...
Milind Khandwe
Hindoostan Innovation Centre
‘Modern technical textile is an indispensable tool for science and...
Abhishek Ganguly
Puma India
‘As a brand, Puma is always looking for new and innovative ways to inspire ...
Steve Cole
Xerium Technologies
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Eamonn Tighe
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Eric Scholler
Groz-Beckert
The Indian market has huge potential in technical textiles, and by far,...
Madhu Jain
Madhu Jain
She grew up in the walled city of Old Delhi, completed her studies, and...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
Rupa Sood and Sharan Apparao
Nayaab
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...
Recommended
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipDo you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipDo you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipThanks for your valuable feedback. Claim your free latest sustainability e-book.
E-News Insight
Latest News Update in Your Mail Box.
