MRPL is entering into Retail Outlet busienss

Thebullishtrends: MRPL share price closed on Friday at Rs.128.60. As per the lates reports Mangalore Refinery and Petrochemical Ltd is entering into Fuel Retailing Business and it will enter into Aviation Turbine Fuel also. MRPL is a subsidiary of ONGC. MRPL has recently opened a Petroluem out let in Karnataka. MRPL turnover touched to Rs.32,376.80 cr in last financial year. Moreover MRPL is expanding its capacity to 15 million tonnes per annum by 2010-11 from the present 12 million tonnes, to produce many other products.