Addressing mediapersons at a press conference following the 25th annual general meeting on Monday, he said that the Phase III Refinery Project of MRPL was nearing completion. Once the Crude Distillation and Vacuum Distillation units have been commissioned, the company will be able to maximise the distillate yield and low value products will be upgraded to produce value added products like Propylene. The estimated cost of the project continues to be Rs 12,160 crore, and is expected to be completed by March, he said.
Managing Director of MRPL P P Upadhya said that although a major delay was anticipated in the Polypropylene project, the civil and structural works and erection of equipment were in progress. The project is expected to be completed within a period of three months, he said.
He also said that the company had signed an MoU with the Government of Karnataka for setting up a Linear Alkyl Benzene Plant and to expand its refining capacity to 21 MMTPA capacity with an approximate investment of Rs 8,500 crore.
MRPL Director (Refinery) Joshi and Director (Finance) Vishnu Agarwal were present.





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