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Reuters: India’s MRPL to form JV with Shell’s Indian unit

Mon Jan 21, 2008 8:49am GMT 

NEW DELHI, Jan 21 (Reuters) – Indian refiner Mangalore Refinery and Petrochemicals (MRPL.BO: Quote, Profile, Research) said on Monday it will form a joint venture with the Indian unit of Royal Dutch Shell (RDSa.L: Quote, Profile, Research) to sell jet fuel in southern India.

“It will be a 50:50 joint venture with an initial investment of 300 million rupees,” the company’s managing director R. Rajamani told reporters.

(Reporting by Nidhi Verma; Editing by John Mair)

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