Mangalore Refinery & Petroleum Limited has announced its strategic entry into the blended jet fuel segment, with company executives outlining plans to commence production starting from 2027. The initiative represents a significant expansion of the refinery's product portfolio into sustainable aviation fuel solutions.

Strategic Initiative Details

The company's executive team has confirmed plans to provide 1% blended jet fuel as part of its future production capabilities. This development marks MRPL's commitment to diversifying its product offerings beyond traditional petroleum products.

Market Positioning

This strategic move positions MRPL within the growing sustainable aviation fuel market, responding to increasing industry demand for environmentally conscious fuel alternatives. The 2027 timeline provides the company with adequate preparation period for the necessary infrastructure and technology implementation required for blended jet fuel production.

Industry Implications

The announcement reflects the broader industry trend towards sustainable fuel solutions in the aviation sector. MRPL's entry into blended jet fuel production demonstrates the company's forward-looking approach to meeting evolving market demands and regulatory requirements in the petroleum refining industry.

Mangalore refinery & petroleum announced robust financial results for the third quarter ended December 31, 2025, demonstrating strong operational performance and improved financial metrics. The Board of Directors approved the standalone and consolidated financial results during their 272nd meeting held on January 14, 2026.

Quarterly Financial Performance

The company's Q3 FY26 results showcase significant improvement across key financial parameters compared to the same period last year:

The substantial increase in profitability reflects improved operational efficiency and better market conditions during the quarter.

Nine-Month Performance Turnaround

The nine-month results for FY26 demonstrate a remarkable turnaround from the previous year's performance:

Despite a decline in nine-month revenue, the company achieved profitability through improved operational efficiency and cost management.

Balance Sheet Strengthening

MRPL made significant progress in strengthening its financial position during the reporting period. The company reduced its total borrowings from ₹12,867 crore to ₹9,290 crore over the nine-month period, representing a substantial debt reduction. The debt-equity ratio improved dramatically from 0.99 as of March 31, 2025, to 0.63 as of December 31, 2025, and further improved from 0.79 in the previous quarter.

Operational Highlights

The company's physical performance remained stable with throughput of 4.70 MMT in Q3 FY26 compared to 4.60 MMT in Q3 FY25. For the nine-month period, throughput was 12.65 MMT compared to 13.54 MMT in the previous year. Key operational developments included:

• Commencement of crude storage operations at the Cavern Storage facility leased from ISPRL, Mangalore in October 2025
• First-time processing of Sarir Mesla Crude from Libya with API gravity of approximately 37.24

Recognition and Awards

MRPL received multiple prestigious awards during the period, highlighting its operational excellence and innovation capabilities. The company was honored with Export Excellence Awards by the Federation of Indian Export Organisations in two categories: "Five Star Export House Category" and "Highest Foreign Exchange Earner Category." Additionally, MRPL won its fourth successive Innovation Award 2024-25 for Best Innovation in Research & Development in Refining Technology at the 28th Energy Technology Meet.