MRPL plans to speed fund flows into Phase III Refinery, PP unit, CDU/VDU revamp project

14-Jan-10
Mangalore Refinery and Petrochemicals Limited (MRPL) plans to speed up until 2011, fund flows into three major projects - the Phase III Refinery project, the Polypropylene unit and the CDU/VDU revamp project. In 2009-10, the capital expenditure on the Phase III Refinery project was Rs 982 crore (planned), and is targeted to increase to Rs 2585 crore in 2010-11. Capital outlay for the Polypropylene unit in 2009-10 is planned at Rs 8 crore which would be raised to Rs 415 crore in 2010-11. Planned investment on the CDU/VDU revamp project is Rs 35 crores in 2009-10, with the outlay for 2010-11 at a significantly higher Rs.100 crore.
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