Mangalore Refinery and Petrochemicals Ltd (MRPL) made the first shipment of around 500 tonnes of polypropylene product under the brand name ‘Mangpol’ from its newly commissioned polypropylene plant. The company began commercial production of the product on June 18.
Addressing presspersons after the launch of the product in the domestic market, H Kumar, Managing Director, said the company is expecting a top-line growth of ₹3,000-4,000 crore per annum with the launch of this product.
“Polypropylene should add $1-1.5 a barrel across the spectrum on the bottom-line basis. This bottom-line growth will help improve the margins of the company,” he said.
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