Mangalore, Mar 30: As part of 'Samrakshan', the corporate social responsibility initiative of Mangalore Refinery and Petrochemicals Limited (MRPL), as many as ten projects have been shortlisted for the fiscal year 2013-14, to commemorate ten years of association between Oil and Natural Gas Corporation (ONGC) and MRPL, said Managing Director of MRPL P P Upadhya.
Briefing reporters at a press conference here , he said that MRPL had provided Rs 26 lakh as scholarships to students in various schools.
Among the projects undertaken by MRPL as part of their CSR initiative are construction of a computer lab for the government school constructed by Harekala Hajjaba, a fruit vendor, and provision of a generator for the Roman and Catherine Lobo School for the Blind. The other projects are provision of fishing trucks for Mogaveera Vyavasthapaka Mandali (MVM) to aid fishermen, construction of bus shelters on the stretch from MRPL to Mangalore, digital classrooms for few schools in Mangalore, road-cleaning machines for the district, renovation of the government museum in the city and a water management system for the sustained flow of water to MRPL.
MRPL has also committed itself to constructing a new building for Government Lady Goschen Hospital, Mangalore at an estimated cost of Rs 21.70 crore under its CSR initiative.
Chairman of MRPL and CMD of ONGC Sudhir Vasudeva said that the ONGC had shortlisted six heritage sites in India, such as the Taj Mahal in Agra, Chhatrapati Shivaji Terminus in Mumbai, the Konark Sun Temple, Bodh Gaya and the caves of Ajanta and Ellora, for which plans will be drawn with the Archaeological Survey of India (ASI) to conserve and beautify them. “The heritage sites have been shortlisted from a list of several, and inspection of these sites will be done soon,” he said.
He said that after ONGC decided to take over MRPL, the company went from strength to strength and had completed a decade of sustained growth from 2003 to 2013. “As per the 'Perspective Plan 2030' chalked by ONGC, it envisages doubling the production to 130 million tonnes per annum, and tripling our revenue by the year 2030. MRPL plans to increase its capacity from 15 million tonnes to 18 million tonnes through low-cost expansion,” he said.
He said that out of their current production of 60 million tonnes, 47 million tonnes was acquired from ONGC, 5 million tonnes through imports and 8 million tonnes from equities through its overseas arm ONGC Videsh Ltd (OVL).
He said that OVL had acquired 2.72 percent stake held by Hess Corporation, along with 8.42 percent stake held by ConocoPhilips in the largest oil field in the Azerbaijan sector of the Caspian basin. The acquisition marks OVL's entry into oil-rich Azerbaijan.
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