ABOUT COMPANY
Mangalore Refinery and Petrochemicals Limited, is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1988. 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.
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 Rs36554884 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.
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.
JOB DETAILS
COMPANY :Mangalore Refinery and Petrochemicals Limited
Vacancies : 5945+ Posts
Qualification : Any Degree/B.E/B.tech
Job Location : Across India
Salary Offered : 85,000 - 90,000 PM
Last date to Apply : 25 December 2015
Apply Mode : Online
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