India's Oil and Natural Gas Corp.'s board had approved an investment of 80 billion rupees ($1.8 billion) to boost the capacity of Mangalore Refinery & Petrochemicals to 15 million tpa. The up gradation estimates production of high value products such as propylene, high quality gasoline and diesel. Post-upgradation, MRPL's annual propylene production would rise to 300,000 tpa. The new refinery configuration will allow processing of higher proportion of low cost sour and heavy crudes leading to better margin.
The expansion is estimated to be complete towards end of 2009 and is envisaged as the first in a series of major projects planned at Mangalore, and the integrated upgradation project will further improve the cost-efficiency of MRPL.
06-Mar-06 
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