Chairman: MRPL will increase its network of gas stations in Tamil Nadu, AP, and Telangana

1 Aug 2022 , 08:28 AM

According to the chairman of Mangalore Refinery and Petrochemicals Ltd, the company wants to extend its network of gas stations in Tamil Nadu, Andhra Pradesh, and Telangana in order to reach markets close to its refinery.

The majority of Kerala and Karnataka currently make up the MRPL (Mangalore Refinery and Petrochemicals Ltd) gasoline pump network.

The state-owned Oil and Natural Gas Corporation subsidiary has made a limited venture into the selling of petroleum, concentrating on regions that are close to its oil refinery in Mangalore, Karnataka.

In the company’s annual report for the fiscal year that ended on March 31, 2022, chairman Alka Mittal stated that MRPL “is continuously focusing on its retail expansion in the states of Karnataka and Kerala and has so far successfully commissioned 32 retail outlets with another 20 retail outlets under various stages of construction.”

Since then, the number of stores held by MRPL has increased to 36.

In the next five to ten years, the company, which runs a 15 million tonnes per year oil refinery in Mangalore, aims to build 50 new gas stations. In addition, it is considering “entering new geographical areas of Tamil Nadu, Andhra Pradesh, and Telangana in short to medium term,” the spokeswoman said.

According to MRPL, it advertised for more than 400 places in Karnataka and 100 locations in Kerala to set up gas stations. The growth of the marketing effort is already underway, and it will boost profit margins.

According to Mittal, MRPL continues to hold a significant portion of the direct sales market for petroleum products in Karnataka and neighboring states. For all direct sales items, including bitumen, diesel, sulfur, petcoke, ATF, polypropylene, Xylol (Xylenes), etc., it has maintained a dominant position in its marketing zone.

It has consistently increased business for the selling of aviation turbine fuel (ATF) at Indian airports through its joint venture with Shell, Shell MRPL Aviation Fuel and Services Ltd.

In comparison to the preceding FY2020-21, the company’s turnover increased to Rs673.19 crore from Rs260.50 crore, she said.