Mangalore Refinery and Petrochemicals Limited (MRPL) has been granted authorisation by the Petroleum and Natural Gas Regulatory Board (PNGRB) to lay, build, operate, or expand a petroleum and petroleum product (ATF) pipeline. This pipeline will run from Devangonthi to the Existing Common User Fuel Farm Station and the Upcoming Satellite Fuel Farm Station inside the Kempegowda International Airport, Bengaluru.
The authorisation is a significant development for MRPL, as it marks an expansion in its infrastructure capabilities within the domestic market. The contract awarded by PNGRB specifies that the pipeline system will have a capacity of 2.5 million metric tonnes per annum (MMTPA). The project is expected to be completed within a 36-month timeframe.
This undertaking does not involve any interest from the promoter or promoter group companies of MRPL, and it does not fall within related party transactions. The project is entirely domestic, aligning with MRPL’s strategic focus on enhancing its operational footprint within India.
The development of this pipeline is anticipated to bolster the logistical efficiency of fuel transportation to and from the Kempegowda International Airport, thereby supporting the growing demand for aviation turbine fuel (ATF) in the region.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).