Home / Knowledge / News / Textiles / MRPL records excellent performance in FY 2007-08
MRPL records excellent performance in FY 2007-08
08
May '08
Mangalore Refinery & Petrochemicals Ltd, an ONGC Group Company and a Mini Ratna I, announced its audited results for Q4 and for Financial Year 2007-08, recording scorching growth and setting benchmarks in performance.

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

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
January 2017

January 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