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

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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