Mangalore Refinery and Petrochemicals Limited (MRPL) — FY26 Annual Report | 23 July 2026(2 announcements)

Mangalore Refinery and Petrochemicals Limited (MRPL) released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 as part of the Annual Report 2025-26 filing on 23/07/2026. The report details MRPL's sustainability strategy, including its Net Zero Scope 1 and 2 emissions target by 2038, renewable energy integration, water stewardship, waste management, and safety performance. It highlights material risks such as climate transition pressures, GHG emissions, air quality, and regulatory compliance, alongside initiatives in clean technology, circular economy, and community development. Governance is overseen by the CSR & Sustainability Development Committee, with Bureau Veritas providing reasonable assurance on BRSR Core KPIs. The filing underscores MRPL's commitment to operational excellence, stakeholder engagement, and long-term value creation aligned with India's energy transition goals.

MRPL's FY2025-26 annual report shows revenue of ₹105,155 crores and profit after tax of ₹19,312 crores, driven by improved refining margins (₹9.22/bbl vs ₹4.45/bbl prior year). The company processed 16.774 MMT crude, operated 252 retail outlets, and added 85 new outlets. Key growth areas include biofuels (33 KLPD Bio-ATF plant), green hydrogen (500 TPA), and renewable energy (34,640 GJ). CSR spending reached ₹48.67 crores (₹65.42 crore budget), with ₹1.80 crores administrative overheads. The board faces governance issues: no independent directors or women directors post-March 2026, violating SEBI norms. Statutory auditor fees of ₹1 crore were paid, and credit ratings remain AAA. No material litigation or fraud was reported.