Managing Director P.P. Upadhya said that the 60,000 bpd crude unit would resume operation by the end of this month.
Mangalore Refinery and Petrochemicals Ltd will restart a hydro-cracker on May 20 after a near one month closure, its Managing Director P.P. Upadhya said.
The company has idled a fifth of its 300,000 barrels per day capacity due to the hydro-cracker shutdown.
Also read: MRPL clarifies
The 1.6 million-tonne-a-year hydro-cracker has been shut since April 23 for a change of catalyst, Upadhya said.
"We had to shut the crude units to avoid ullage problem that were created by the surplus generation of vacuum gas-oil," Upadhya said, adding that the 60,000 bpd crude unit would resume operation by the end of this month.
Upadhya also said that MRPL has no plan to shut other units in the refinery for maintenance in 2014.
MRPL stock price
On May 15, 2014, at 14:15 hrs Mangalore Refinery and Petrochemicals was quoting at Rs 58.40, up Rs 0.30, or 0.52 percent. The 52-week high of the share was Rs 65.70 and the 52-week low was Rs 26.45.
The latest book value of the company is Rs 36.90 per share. At current value, the price-to-book value of the company was 1.58.
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