ABOUT COMPANY
Mangalore Refinery and Petrochemicals Limited, is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1993. The refinery is located at Katipalla, north from centre of Mangalore city. The refinery was established after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.
MRPL, which was a joint sector company, become a PSU subsequent on acquisition of its majority shares by ONGC. As on 1 April 2007, 71.62% shares are held by ONGC, 16.95% shares are held by HPCL, and remaining shares are with public and financial institutions. MRPL has also been declared as Miniratna, a mini jewel, by Government of India in 2007.
The refinery was conceived to maximise middle distillates, with capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired the total shareholding of A.V. Birla Group and further infused equity capital of Rs.6 billion thus making MRPL a majority-held subsidiary of ONGC. The lenders also agreed to the debt restructuring package proposed by ONGC, which included, inter alia, conversion up to Rs365 core of their loans into equity. Subsequently, ONGC has acquired equity allotted to the lenders pursuant to DRP raising ONGC's holding in MRPL to 71.62 percent.
JOB DETAILS
Company : Mangalore Refinery and Petrochemicals Limited .
Position : various posts
Qualification : Any Graduates/B.tech/Diploma
Experience Required : Freshers/Experience
Job location : ACROSS INDIA
Last date to apply : 07 JULY 2015
Salary offered : 30,000-35,000 PM
Apply Mode : Online
Mangalore Refinery and Petrochemicals Limited, is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1993. The refinery is located at Katipalla, north from centre of Mangalore city. The refinery was established after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi.
MRPL, which was a joint sector company, become a PSU subsequent on acquisition of its majority shares by ONGC. As on 1 April 2007, 71.62% shares are held by ONGC, 16.95% shares are held by HPCL, and remaining shares are with public and financial institutions. MRPL has also been declared as Miniratna, a mini jewel, by Government of India in 2007.
The refinery was conceived to maximise middle distillates, with capability to process light to heavy and sour to sweet crudes with 24 to 46 API gravity. On 28 March 2003, ONGC acquired the total shareholding of A.V. Birla Group and further infused equity capital of Rs.6 billion thus making MRPL a majority-held subsidiary of ONGC. The lenders also agreed to the debt restructuring package proposed by ONGC, which included, inter alia, conversion up to Rs365 core of their loans into equity. Subsequently, ONGC has acquired equity allotted to the lenders pursuant to DRP raising ONGC's holding in MRPL to 71.62 percent.
JOB DETAILS
Company : Mangalore Refinery and Petrochemicals Limited .
Position : various posts
Qualification : Any Graduates/B.tech/Diploma
Experience Required : Freshers/Experience
Job location : ACROSS INDIA
Last date to apply : 07 JULY 2015
Salary offered : 30,000-35,000 PM
Apply Mode : Online
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