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Mysore Petro Chemicals Ltd. Q4 net profit falls 47.3% to Rs 106 crore
Mysore Petro Chemicals Ltd. has reported a 47.3% decline in its net profit to Rs 106 crore for the fourth quarter ended March 2023, as compared to Rs 201 crore in the corresponding quarter of the previous fiscal.
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Mysore Petro Chemicals Ltd. to invest Rs 2,000 crore in expansion
Mysore Petro Chemicals Ltd. (MPCL) is planning to invest Rs 2,000 crore in expanding its production capacity over the next three years. The company plans to increase its production capacity of purified terephthalic acid (PTA) by 50% to 1.2 million tonnes per annum (MTPA) and its production capacity of polyethylene terephthalate (PET) by 25% to 750,000 MTPA.
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Mysore Petro Chemicals Ltd. signs MoU with HPCL Rajasthan Refinery for supply of propylene
Mysore Petro Chemicals Ltd. (MPCL) has signed a memorandum of understanding (MoU) with HPCL Rajasthan Refinery Ltd. (HRRL) for the supply of propylene. Under the MoU, HRRL will supply propylene to MPCL's proposed petrochemical complex in Rajasthan. The complex is expected to be commissioned in 2024.
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MPCL Bags the Corporate Social Responsibility (CSR) Award for the Second Consecutive Year
The award was presented by the Indian Chamber of Commerce (ICC) at an event held in New Delhi on 16th December 2022. The CSR Award is given to companies that have demonstrated a high level of commitment to CSR initiatives.
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MPCL Celebrates National Energy Conservation Day
Mysore Petro Chemicals Limited (MPCL) celebrated National Energy Conservation Day on 14th December 2022 at its plant in Nanjangud, Karnataka. The event was organized to create awareness about the importance of energy conservation and to promote the adoption of energy-efficient practices.
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MPCL Receives Golden Peacock Award for Excellence in Corporate Governance
Mysore Petro Chemicals Limited (MPCL) received the Golden Peacock Award for Excellence in Corporate Governance at the 16th Golden Peacock Awards ceremony held on 26th November 2022 in Mumbai. The award is a prestigious recognition of MPCL's commitment to good corporate governance practices.
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Mysore Petro Chemicals Ltd. Reports Improved Performance in Q3 FY23
Mysore Petro Chemicals Limited (MPCL), a leading manufacturer of polyester chips and yarns, has reported improved financial performance during the third quarter of the fiscal year 2023.
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MPCL Commissions New Polyester Yarn Plant in Karnataka
MPCL has successfully commissioned a new polyester yarn plant in Davangere, Karnataka. This plant will significantly increase the company's production capacity.
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MPCL Secures Sustainability Recognition
MPCL has received recognition for its sustainability initiatives and has been included in the Dow Jones Sustainability Index (DJSI).
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MPCL Expands Global Presence
MPCL has expanded its global presence by establishing a new sales office in Dubai, UAE.