MRPL clarifies on its JV with Gulf Oil

Sarkaritel
By Sarkaritel September 14, 2016 09:42

MRPL clarifies on its JV with Gulf Oil


Mangaluru. September 14, 2016 :  MRPL would like to clarify that Mangalam Retail Services Limited (MRSL), a Joint venture with Gulf Oil is yet to commence any business.  In the absence of any viable business plan, the continuance of the JV is being examined.

There is no plan of any business tie-up by MRPL with either Gulf Oil or MRSL in its retail foray.

This clarification is being issued to clear any doubts due to certain reports being published in a section of the press regarding MRPL’s retail plans.

Sarkaritel
By Sarkaritel September 14, 2016 09:42