MRPL Registers ₹2,955 Crore Net Profit During The Year 2021-22

Mangalore Refinery and Petrochemicals Ltd (MRPL) has registered ₹2,955 crore net profit during 2021-22 as against the net loss of ₹761 crore in the previous fiscal. Its performance in the fourth quarter of the financial year too saw ₹3,008 crore net profit as against ₹286 crore net profit in the relevant period of 2020-21.

Having commissioned 35 retail outlets, the company has put in place retail expansion plan for the next five years. The company has also commissioned the desalination plant in December 2021, which would mitigate one of the major risks faced by it with respect to water availability.