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MRPL to open 120 fuel retail shops in Karnataka

MRPL to open 120 fuel retail shops in Karnataka

Mangalore Refinery and Petrochemicals Limited (MRPL), subsidiary of the government-owned Oil and Natural Gas Corporation (ONGC) is ready with a blueprint for 120 retail outlets to be rolled out in Karnataka. MRPL entered the fuel retail segment in 2008. Karnataka is MRPL's base-state. MRPL has approval to set up 500 retail outlets and its parent company ONGC has an approval to set up 1,100 retail outlets. Setting up an outlet costs MRPL Rs 5 crore.