Mangalore Refinery reduces net loss in Q2

PerformanceGurus Staff

Mangaluru, Oct 29

[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]S[/dropcap]tate-run Mangalore Refinery and Petrochemicals Ltd (MRPL) posted net loss of $138.851 million for second quarter of 2015-16, reducing it by five percent from net loss of $145.75 million in same period year ago on standalone basis.In a regulatory filing to the Bombay Stock Exchange (BSE) on Thursday, the state-run Oil and Natural Gas Corporation’s (ONGC) subsidiary said total income also declined 35 percent to $1630.81 million from $2467.59 million in the same period last year.

1. (IANS)
2. The conversion rate used in this article is 1 US Dollar = 65.25 Rupees
3. Text in Bold points to additional data on the topic.


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