Latest news with #MangaloreRefineryandPetrochemicalsLimited
Business Upturn
3 days ago
- Business
- Business Upturn
Mangalore Refinery secures US patent for Iso-Butyl Benzene production technology
By Aman Shukla Published on May 30, 2025, 16:57 IST Mangalore Refinery and Petrochemicals Limited (MRPL) has been awarded a United States patent for its method of preparing iso-Butyl Benzene (i-BB), a key intermediate used in pharmaceutical manufacturing. The patented process, developed in-house, had previously received recognition through an Indian patent. The patented method centers on a side-chain alkylation process that converts a low-value captive stream into iso-Butyl Benzene using a specially engineered catalyst. This catalyst, developed at MRPL's Innovation Centre, is designed to achieve high conversion efficiency and selectivity toward the i-BB product. Iso-Butyl Benzene is an essential raw material in the synthesis of Brufen (ibuprofen), a commonly used non-steroidal anti-inflammatory drug (NSAID). By developing this production process domestically, MRPL aims to reduce dependence on imported intermediates and enhance self-reliance in pharmaceutical ingredient supply. As part of its scale-up efforts, MRPL is currently establishing a pilot plant for i-BB production. This facility will support the transition from laboratory development to commercial-scale manufacturing. The patent and ongoing pilot-scale activities reflect MRPL's focus on advancing technologies relevant to the pharmaceutical and chemical sectors, supporting India's broader goals in local manufacturing and process innovation. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
27-04-2025
- Business
- Time of India
MRPL achieves record operational performance despite dip in annual profit
MRPL announced its FY 2024-25 results, achieving record crude throughput of 18.044 MMT and improved operational efficiency. Revenue increased to Rs 1,09,277 crore, but profit after tax declined to Rs 51 crore. MANGALURU: Mangalore Refinery and Petrochemicals Limited ( MRPL ), a subsidiary of ONGC and a Schedule 'A' Mini Ratna company, announced its financial results for the fourth quarter and full financial year 2024-25 at its 269th Board Meeting held on Saturday. MRPL reported several operational milestones during the year. The company achieved its highest-ever gross crude throughput of 18.044 million metric tonnes (MMT) during FY 2024-25, surpassing its previous record of 17.116 MMT in FY 2022-23. The distillate yield improved to 81.93 percent, while aviation turbine fuel (ATF) production increased to 2.72 MMT. Production of reformate and 95 RON MS from the aromatic complex rose to 1.20 MMT, and benzene production touched 0.21 MMT. MRPL also achieved its lowest specific energy consumption (MBN) of 70.71 since Phase-3 commissioning, demonstrating further operational efficiency. Key infrastructure projects, including a new bitumen train and the PFCC Wet Gas Scrubber , were successfully commissioned during the year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo In the marketing segment, MRPL commissioned the Devangonthi Marketing Terminal, enabling dispatch of MS, HSD, and ATF products. It also expanded its retail network by commissioning 66 new retail outlets, including three in Tamil Nadu , taking the total number of operational outlets to 167. Financially, MRPL's revenue from operations for FY 2024-25 stood at Rs 1,09,277 crore, an increase from Rs 1,05,223 crore in FY 2023-24. However, the company's profit after tax (PAT) dropped significantly to Rs 51 crore, compared to Rs 3,596 crore in the previous fiscal. The gross refining margin (GRM) for the year was US$ 4.45 per barrel, down from US$ 10.36 per barrel in FY 2023-24. For the fourth quarter (Q4 FY 2024-25), MRPL reported revenue from operations of Rs 27,601 crore, compared to Rs 29,190 crore in Q4 FY 2023-24. The profit before tax stood at Rs 584 crore against Rs 1,766 crore in the previous year's corresponding quarter. Profit after tax for Q4 was Rs 363 crore, lower than Rs 1,137 crore recorded a year earlier. The GRM for the quarter was US$ 6.23 per barrel, compared to US$ 11.35 per barrel in Q4 FY 2023-24.
