Mangalore Refinery and Petrochemicals Limited Secures Authorization for ATF Pipeline Expansion at Bengaluru Airport
Mangalore Refinery and Petrochemicals Limited has received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to undertake the laying, building, operating, or expanding of a petroleum and petroleum product (ATF) pipeline. This strategic expansion is slated to connect Devangonthi to the Existing Common User Fuel Farm Station and the upcoming Satellite Fuel Farm Station inside the Kempegowda International Airport in Bengaluru.This authorization establishes a major operational expansion for the company in the fuel infrastructure sector.
According to the details provided, the PNGRB awarded the authorization for the ATF pipeline. The project scope involves laying, building, operating, or expanding the pipeline from Devangonthi to the designated fuel farm station locations within the Bengaluru International Airport.
The key parameters of the granted authorization are outlined below:
| Parameter | Detail |
|---|---|
| Awarding Entity | Petroleum and Natural Gas Regulatory Board (PNGRB) |
| Nature of Agreement | Grant of Authorization for laying, building, operating or expanding ATF pipeline |
| Jurisdiction | Domestic Entity |
| Execution Period | 36 months |
| System Capacity | 2.5 MMTPA in the petroleum and petroleum product (ATF) pipeline |
| Related Party Interest | None |
The system capacity of the pipeline, which handles the petroleum and petroleum product (ATF), is specified to be 2.5 MMTPA. The authorized time period to complete the project phases is set at 36 months.
Mangalore Refinery and Petrochemicals Limited is certified under ISO 9001, 14001, and 50001, and operates as a subsidiary of Oil and Natural Gas Corporation Limited, which is a Schedule 'A' Government of India Enterprise.
MRPL Stock Price Movement
Mangalore Refinery and Petrochemicals Limited shares on Tuesday slipped by 2.05% to settle at ₹145.57, finishing down ₹3.04 for the day. The stock saw heavy activity, trading on a total volume of 4.37 million shares and indicating significant selling pressure.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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