14 November 2018 2QFY19 due to lower-than-expected GRM. The company booked a forex loss of INR4.0b v/s a loss of INR670m in 2QFY18 and INR3.9b in 1QFY19. MRPL booked a net exceptional item of INR251m on account of (a) estimated cost for purchase of Renewable Energy Certificate (REC) from the Indian Energy Exchange (IEX), (b) employee benefit expense and (c) income tax credit. It reported a loss of v/s benchmark Singapore GRM of USD6.1/bbl, USD5.33/bbl in 2QFY18, and USD4.79/bbl in 1QFY19. There was a shutdown of 11 days in the delayed coking unit (DCU) and the polypropylene plant, which is likely to have affected performance. (+11 YoY, +2% QoQ), implying 104% utilization in the quarter (v/s 3.53mmt in 2QFY18 and 3.85mmt in 1QFY19).