MRPL, Ashok Leyland Projects set up non fuel JV

4 February 2006

Mangalore Refinery & Petrochemicals Ltd and Ashok Leyland project Services Ltd (ALPS) will set up a joint venture with 45 per cent equity holding each and the remaining 10 per cent with financial institutions to provide non-fuel activity support to MRPL''s retail outlets..
The joint venture will put up facilities such as trucking centre, vehicle repair, and auto parts, resting and eating facilities for travellers and truckers, convenience stores, communication centres, ATMs and other such facilities.

These will be managed by the proposed joint venture company. The retail outlets will be provided exclusively under MRPL''s logo and control.

The new venture will have its registered office at Chennai.