By IANS
Thiruvananthapuram : The Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of the Oil and Natural Gas Corp (ONGC), is setting up petroleum stock point at Kasargod in Kerala.
A 750-kilolitre depot, built with an investment of Rs.50 million, would be commissioned shortly, said Deepak Prabhakar, maintenance manager of the MRPL, while speaking to reporters here Thursday.
“The depot will be supplying petrol, diesel and bitumen to the Kerala market. We will also open retail fuel filling stations under the brand name HiQ in Kerala,” said Prabhakar.
MRPL is a ‘mini ratna’ public sector unit, located north of Mangalore city in Karnataka, near the Kerala border in Kasargode.
The company was the first company in India to manufacture Euro-III compliant petrol and diesel.
MRPL’s turnover in the last financial year was Rs.323.77 billion. The company exported 50 percent of its products, earning Rs.116.37 billion.