MRPL to expand fuel pump network in Tamil Nadu, AP, Telangana: Chairman

Mangalore Refinery and Petrochemicals Ltd is looking to expand its petrol pump network in Tamil Nadu, Andhra Pradesh and Telangana as it seeks to tap markets near its refinery, its chairman said. The petrol pump network of MRPL (Mangalore Refinery and Petrochemicals Ltd) is currently concentrated in Karnataka and Kerala.

The subsidiary of the state-owned Oil and Natural Gas Corporation (ONGC) has ventured into fuel distribution on a limited basis, focusing on areas near its oil refinery in Mangalore, Karnataka.

MRPL “is continuously focusing on its business expansion in the states of Karnataka and Kerala and has so far successfully commissioned 32 outlets with another 20 outlets at various stages of construction,” the chairman said. Alka Mittal in the company’s annual report for the financial year ended. March 31, 2022. The number of outlets owned by MRPL has since increased to 36.

The company, which operates a 15 million tpa oil refinery in Mangalore, plans to add 50 new fuel pumps each year over the next 5-10 years and plans to “enter new geographies in the Tamil Nadu, Andhra Pradesh and Telangana in the short to medium term,” she said.

India’s automotive fuel retail space is dominated by public sector entities (PSUs). Of the country’s 83,685 petrol stations, state-owned fuel retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum have 55,035 outlets. Nayara Energy, backed by Rosneft, has 6,635 petrol pumps, while a joint venture of Reliance Industries and bp of UK has 1,470 outlets. Shell owns 326 gas pumps.

MRPL said it has announced more than 400 locations for the installation of petrol pumps in Karnataka and 100 locations in Kerala. “Marketing expansion is on the way and that would improve profit margins.” Mittal said MRPL continues to retain a large share of the direct sales segment of the petroleum products market in Karnataka and neighboring states. It has maintained a leading position in its marketing area for all direct selling products, such as Bitumen, Diesel, Sulphur, Petcoke, ATF, Polypropylene, Xylol (Xylenes) etc.

“The total domestic sales volume of all products in the financial year 2021-22 was 1.988 million tons with a sales value of Rs 11,033 crore against sales of 1.691 million tons and a sales value of Rs 7,207 crore in the financial year 2020-21,” she said.

Its jet fuel marketing joint venture with Shell, called Shell MRPL Aviation Fuel and Services Ltd, has steadily acquired business for the sale of aviation jet fuel (ATF) at Indian airports. “The company achieved revenue of Rs 673.19 crore in the fiscal year 2021-22 compared to revenue of Rs 260.50 crore in the previous fiscal year 2020-21,” said she declared.

The joint venture has two ATF refueling stations.

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