ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MRL-New Projects

EPW Research Foundation MRL New Projects MADRAS REFINERIES, one of the largest integrated refineries in India, which produces a wide range of products like cooking gas. petrol. diesel. kerosene, naptha lube base stock and petrochemical feed stock, has done well in 1993-94. Net sales were up by 7 per cent and net profit by 11 per cent. Operating profits fell by 3 per cent. Depreciation fell by 32 percent which was offset by rise in interest charges by 38 per cent Gross profit fell by 17 per cent Fall in other income by 13 per cent and non-operating profit by 306 per cent kept margins down. A dividend of 25 per cent was declared for the year.

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