MRPL to set up three retail outlets

Mangalore Refinery and Petrochemicals Ltd. (MRPL) plans to set up three retail outlets by the end 2007. R. Rajamani, managing director of MRPL, said the company is finalizing contracts for the construction activity for the retail outlets. The company will initially set up three prototype outlets at Kadri Hills in Mangalore, and Maddur and Hubli Bypass in Karnataka. HPCL, which is a stakeholder in MRPL, has agreed to share its infrastructure for the venture. He said the arrangement between MRPL and HPCL would involve sharing infrastructure and products. (January 25, 2007)