MRPL plunges into Rs 56 cr loss

MUMBAI, JANUARY 31: Mangalore Refinery and Petrochemicals Ltd MRPL today reported a net loss of Rs 56.34 crore for the quarter ended December 31, 1999 as against a small profit of Rs 2.74 crore in the corresponding period of 1998-99.

IPCL PROFITS FALL: Hit by a sluggish polymer market, Indian Petrochemical Corporation Ltd IPCL has posted a 70.22 per cent drop in net profit at Rs 10.59 crore for the third quarter ended December 31 1999 against Rs 35.56 crore in the same period last year. Net sales has gone up to Rs 768.20 crore as compared with Rs 734.66 crore.

The operating profit during the quarter was at Rs 188.95 crore against Rs 183.90 crore. Other income for the third quarter was at Rs 25.48 crore as compared with Rs 15.61 crore.