SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

MRPL acquires second Argentinian crude cargo this year: Report

13 Aug 2014 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has reportedly acquired second Argentinian crude cargo this year. The company has bought the 1-million-barrel cargo from trading firm Glencore at a discount of around $2.70 to dated Brent on a free-on-board basis for lifting in the second half of September through a tender.

This is the second purchase of the grade by the state-run refiner, which normally buys West African sweet grades in its monthly spot tenders. MRPL is the only Indian company that has purchased the grade so far.

Further, the company which operates a 300,000 barrels per day refinery in Southern India aims to buy as much as 40,000 bpd of Latin American grades in the current fiscal year that began on April 1, 2014.

MRPL, a schedule ‘A’ CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery located in a beautiful hilly terrain, north of Mangalore city, in Dakshin Kannada region.

 

MRPL Share Price

183.20 8.25 (4.72%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×