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Informist, Thursday, Mar. 5, 2026
 

By Gopika Balasubramanium

 

MUMBAI – Mangalore Refinery and Petrochemicals Ltd. has crude oil stocks to run operations for about 10 days and the company has not shut any of its refinery units at the moment, a senior company official told Informist. "Exactly, we cannot tell that (it is) 10 days, (but) with managing some crude reduction... we can manage 10 days," the official said. However, if the hostilities in West Asia continue, the company may have to shut all its units, the official said, requesting not to be named.

 

"We are analysing the situation. If it continues for long, the company needs to take a call to shut down," the official said. "All the units need to take a shutdown. If the primary unit shuts down, all the other secondary units would also..." Without crude oil, the company would not be able to operate at all, the official said.

 

The official said the company sources 80% of its crude oil from West Asia. A ship in transit carrying crude oil for the company is unreachable and the company has received no confirmation from it for the past four days, the official said. "The situation is very tense," the official said. 

Asked if the company is looking at other avenues to import crude oil, the official said that as a public-sector company, it is not authorised to find other sources directly. "The ministry (of petroleum and natural gas) is in talks with other avenues," the official said.

 

The company operates a 15 million-tonne-per-annum unit at Mangaluru in Karnataka, which is its primary manufacturing unit. In 2024-25 (Apr-Mar), the company processed gross crude throughput of 18.18 million tonnes, up from 17.12 million tonnes in FY24, as per the company's annual report. 

 

For the December quarter, the company, which is a subsidiary of Oil and Natural Gas Corp. Ltd., reported a net profit of INR 14.45 billion on revenues of INR 297.20 billion. Thursday, MRPL's shares ended at INR 196.24 on the National Stock Exchange, up 2.6% from the previous close. End

 

Edited by Saji George Titus

 

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