Mangalore Refinery and Petrochemicals (MRPL) on Wednesday said the cost of expanding its refinery capacity to 15 million ton is likely to jump to over Rs 11,000 crore due to rise in input cost. The expansion of Mangalore refinery capacity from 9.69 million ton to 15 million ton was budgeted at Rs 8,000 crore in 2006 but is now being estimated to cross Rs 11,000 crore, MRPL chairman RS Sharma said.
Source: The Economic Times
17th January, 2008