MRPL records Rs 500 cr loss in first quarter; water scarcity in Mangaluru one of the reasons

coastaldigest.com news network
August 4, 2019

Mangaluru, Aug 4: Mangalore Refinery and Petrochemicals Ltd (MRPL) has recorded loss of Rs 500 crore in the first quarter of 2019-20 as against a net profit of Rs 361.96 crore in the corresponding period of previous fiscal.

Addressing presspersons in Mangaluru on Saturday, Shashi Shanker, Chairman of MRPL, said the water scarcity in Mangaluru during the period led to force major shutdown of some of the refinery units. 

In addition to that there was a planned shutdown of the refinery units. These factors affected the bottom line and top line of the company during the first quarter.

The gross refining margin (GRM) of the company stood at $(-)0.42 a barrel during the first quarter of 2019-20 as against $8.28 a barrel in the corresponding period of 2018-19.

M Venkatesh, Managing Director of MRPL, said the unprecedented water scarcity affected the operation in the refinery complex for more than a month and a half. This is one of the reasons for the negative GRM during the quarter.

Stating that things are going to improve in the remaining three quarters of 2019-20, he said the company is setting up a seawater de-salination plant with an investment of ₹620 crore. The plant is likely to be ready by September 2020.

“We have plans in place for tackling the summer. We are trying to get some temporary desalination facilities to generate as much as possible for the period of four-five months and try and reduce the impact, if any,” he said. The company is also focusing on increasing the use of domestic sewage.

MRPL’s gross revenue from operations stood at ₹11,200 crore during the Q1 of 2019-20 as against ₹16,583 crore in the corresponding period of 2018-19.

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News Network
June 25,2020

Bengaluru, Jun 25: Karnataka Chief Minister BS Yediyurappa on Thursday asked people to cooperate by following the measures put in place for the control of COVID-19 if they don't want another lockdown or sealing in Bengaluru.

Amid talks about re-imposing lockdown in the city following the recent spike in cases, the Chief Minister said he will hold discussions on Thursday and Friday regarding the strict measures that need to be taken to control the virus.

"COVID pandemic is increasing, we are making all efforts and we have even sealed some areas. Today afternoon at Krishna (the CM's home office) I have called a meeting with Ministers and officials and will discuss the strict measures to be taken to control COVID," Mr Yediyurappa said.

Speaking to reporters, he said, "Tomorrow noon I have called a meeting of legislators of all political parties from Bengaluru and all Ministers from the city to discuss with them, seek their opinion and take stringent measures."

Citing an increase in cases, Health Minister B Sriramulu on Tuesday had said the government may have to think about imposing lockdown in the city if the situation continues.

Following this several Ministers in the state cabinet on Wednesday had said, any decision on re-imposing lockdown in the city will be taken only after consulting experts.

Some reports had even suggested that a decision on lockdown is likely at the cabinet meeting scheduled today.

The Chief Minister said there is no lockdown in the entire city, adding only in a few areas it has been imposed and would continue.

Concerned over the increase in COVID-19 cases in the city, Mr Yediyurappa on Monday had directed officials to implement lockdown measures strictly in certain clusters which have reported greater number of coronavirus infections.

The city's busy K R Market and Kalasipalya Market have been sealed for 15 days by the civic body Bruhat Bengaluru Mahanagara Palike (BBMP) as part of measures to check the spread of the deadly virus.

Stating that Bengaluru is a model for the whole country in COVID-19 management, Mr Yediyurappa on Thursday said, when you compare with other major cities, "we have not yet lost control."

A total of 1,678 cases of COVID-19 have been reported in the city till last evening.

This includes 78 deaths and 475 discharges.

The number of COVID-19 cases in the state which stood at 3,408 as of June 1 has crossed the 10,000 mark on Wednesday with the state capital topping the districts in the infection count.

Seeking public cooperation in controlling the spread of the virus, Yediyurappa said social distancing and other measures in place were not followed, there has been spread to slums and other places.

"If you don't want Bengaluru to be sealed once again please cooperate and maintain distance," he added.

Mr Yediyurappa also said, the government has taken all measures for the safe conduct of SSLC (class 10) exams from today, and students should come out and write exams for their bright future.

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coastaldigest.com web desk
July 15,2020

Mangaluru, July 15: Moulana Iqbal Mulla Nadvi, an acclaimed Islamic scholar and Qadhi (Khazi) of Bhatkal, passed away at a private hospital in Mangaluru. 

The elderly scholar was critically for past few weeks. 

He had served as the president of Jamia Islamia Bhatkal for several years.

He was known among Islamic scholars of Karnataka for his boldness, sincerity and wisdom.

Last rites are expected to be held in Bhatkal.

More details are awatied. 

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News Network
March 1,2020

Bengaluru, Mar 1: A Bengaluru Court has extended the judicial custody of Amulya Leona, who raised 'Pakistan Zindabad' slogan at an anti-CAA rally in Bengaluru's Freedom Park on Feb 20, till March 5.

Amulya was sent to 14-day judicial custody for her actions in the presence of All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi.

A sedition case has been registered against Amulya.

According to the police, a suo moto case under Section 124A (sedition), 153A and B (promoting enmity between different groups and imputations, assertions prejudicial to national integration) have been registered against the girl.

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