Mangalore Refinery and Petrochemicals Ltd (MRPL) declared a net loss of Rs 1,596 crore and negative Gross Refining Margin (GRM) of $ 4.52 per barrel during the fourth quarter of 2019-20.
The total throughput of the refinery stood at 3.83 million tonnes in the Q4 of 2019-20 as against 4.29 million tonnes in the corresponding period of the previous financial year. During the Q4 of 2019-20, the gross turnover of the company stood at Rs17,540 crore (Rs 17,744 crore during the corresponding period last year), and exports at Rs 3,105 crore (Rs 6,955 crore during the corresponding period last year).
A press release said that the outbreak of COVID-19 pandemic globally and the resultant lockdown in many countries, including India, has impacted the business of the company.
