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MRPL gains on commencing commercial production of Polypropylene from its Polypropylene Plant

18 Jun 2015 Evaluate

MRPL is currently trading at Rs. 76.90, up by 2.70 points or 3.64% from its previous closing of Rs. 74.20 on the BSE.

The scrip opened at Rs. 74.90 and has touched a high and low of Rs. 77.80 and Rs. 74.50 respectively. So far 2,99,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.80 on 18-Jun-2015 and a 52 week low of Rs. 45.10 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 77.80 and Rs. 66.00 respectively. The current market cap of the company is Rs. 13,477.00 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 4.26% and 7.15% respectively.

Mangalore Refinery and Petrochemicals (MRPL) has successfully commenced commercial production of Polypropylene from its Polypropylene (PP) Plant as part of its Phase III Refinery expansion and upgradation project on June 18, 2015. The plant has capacity to produce 4,40,000 TPA polypropylene.

The Feed Stock for the Polypropylene plant, polymer grade propylene, is being produced from upstream Petrochemical Fluidised Catalytic Cracking Unit (PFCCU). The technology provider for the Polypropylene Plant is Novolen of Germany and plant has been engineered and constructed by Engineers India, a premium Central Public Sector Undertaking.


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
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