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Mangalore: MRPL Pays Dividend of Rs 1.20 Per Share

  •   Sun, Aug 28 2011 08:52:40 AM

Pics: Spoorthi Ullal
Daijiworld Media Network—Mangalore (PS/CN)

Mangalore, Aug 28: MRPL chairman A K Hazarika said that the company has performed well in the financial year ended March 31, 2011. Addressing a press conference on the sidelines of the 23rd AGM of MRPL held on Saturday August 27, he said that the refinery crude production stood at 12.64 million metric ton which is the highest ever.

“Turnover reached Rs 43,800 crore which is again the highest ever. A net profit of Rs 1,177 crore was incurred while the previous year it was Rs 1,112 crore,” he added.


 He stated that MRPL is doing extremely well both in energy conservation and safety management. “The dividend payout of Rs 1.20 per share of Rs 10 each has been recommended by the board of directors,” said Hazarika.

“The phase 3 refinery project will help process more low price high quality sulphur, heavy crude oils, and up gradation of the total diesel pool to superior Euro-3/Euro 4 grade. As of 1st April, 2011, MRPL is operating two HiQ retail outlets one each at Muddur and Hubli,” he added.

Hazarika added that the third outlet at Kadri Hills in the city is under construction and said the company has worked out its retail business plan to set up 122 retail outlets within two years. The company plans to set up these retail outlets predominantly around Mangalore with minimum logistic cost.
  

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Comment on this article

  • girish b desai, USA

    Sun, Aug 28 2011

    Folio no 05000842, I am your shareholder. My dividend is held up since 2008. I talked to Link time, no help. A new bank account is submitted for depositing dividend. can any one help?

    DisAgree Agree Reply Report Abuse


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