Home / Knowledge / News / Textiles / MRPL Project - Phase III to go onstream by Oct 2011
MRPL Project - Phase III to go onstream by Oct 2011
12
Dec '08
Shri U K Basu, Managing Director MRPL
Shri U K Basu, Managing Director MRPL
Mangalore Refinery & Petrochemicals Limited, MRPL (a subsidiary of ONGC and a mini ratna category I company) is augmenting its Refining capacity from 9.6 mmtpa to 15 mmtpa with cutting edge technologies incorporated in the process to get the maximum value from the hydrocarbon molecule.

Preparatory work has been on for sometime now and the mandatory approvals have since been secured, process licensors appointed, and work awarded for execution of PFCCU & SRU. M/s Engineers India Ltd is the Project Management Consultant.

Explains Shri U K Basu, Managing Director MRPL , “While Phase III was to have achieved mechanical completion by June 2010 and the original estimate was Rs 7943 crore, we have been beleaguered by an overheated market hampering appointment of process licensors , delay in land acquisition, and the steep increase in steel & cement prices in the last 12 to 18 months. “ He put the new completion date at October 2011 and the Project estimate stands revised to Rs12412 crore as approved by MRPL Board as well as by ONGC Board under Navratna empowerment.

Despite 50% cost Overrun, and a 15 month time overrun, MRPL has benefited from the delay because as the country was exposed to unprecedented volatility in crude prices and the consequent market dynamics, MRPL quickly seized the situation and re-engineered the process design to make the new Unit capable of handling high tan and acidic crudes more than envisaged before, added some more secondary processing units to upgrade residues and the entire HSD (diesel) quality.

“We have ensured that the best of technology is being brought in.” adds Shri U K Basu, “and we are fully equipped to handle the crude price movements and take advantage of the differential pricing in high tan, acidic crudes that most refineries in India cannot process.”

“India's energy security is a matter of prime concern to MRPL and our parent company ONGC” Mr Basu adds firmly.

The mega Project will be funded through a 2: 1 debt equity ratio. The equity portion will be financed using the MRPL internal accruals and the debt would be raised from the market. It is estimated that about 88% of the plant and machinery cost will be sourced indigenously and the balance 12% needs will be imported.

“As this mega Project rolls out we are acutely aware of the challenges ahead – around 350 acres of uneven terrain, full of hills and valleys, will have to be graded, the Mangalore monsoons bring heavy downpour that will further hamper the grading and construction work; while resitement and rehabilitation of project affected people is on at full swing, it is not completely done… and resitement is a sensitive issue that cannot be rushed through..” states Shri Basu.

“Heavy machineries have to be moved in and positioned. Around 10,000 to 12,000 manpower comprising skilled and unskilled are required for the construction work of this Project” points out MRPL's MD.

MRPL's HR is gearing up to recruit for Managerial positions as per PSU procedures.

MRPL's Mega Project is certain to bring in more wealth to Karnataka and India.

Mangalore Refinery and Petrochemicals Limited


Must ReadView All

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

APTMA calls for implementation of PM’s export package

Textiles | On 21st Oct 2017

APTMA calls for implementation of PM’s export package

The All Pakistan Textiles Mills Association (APTMA) has called for...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search