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MRPL gains on the buzz of its talks with Colombia’s Ecopetrol to buy term crude oil

10 Sep 2015 Evaluate

MRPL is currently trading at Rs. 53.05, up by 1.10 points or 2.12% from its previous closing of Rs. 51.95 on the BSE.

The scrip opened at Rs. 51.40 and has touched a high and low of Rs. 53.90 and Rs. 51.10 respectively. So far 167163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.90 on 07-Aug-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. 54.00 and Rs. 48.80 respectively. The current market cap of the company is Rs. 9104.75 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 4.49% and 6.93% respectively.

Mangalore Refinery and Petrochemicals (MRPL) is reportedly in discussion with Colombia's Ecopetrol to buy term crude oil and is exploring purchases of Iraq's Basra Heavy grade to diversify supplies and improve margins. The state-run refiner is aiming to get its first cargo of Colombia's Castilla crude by November.

Currently, MRPL relies on the Middle East for most of its heavy crude needs. The company meets about 80 percent its oil needs through heavy crude and the remainder through light oil.

MRPL, a subsidiary of state-run exploration firm Oil and Natural Gas Corporation (ONGC), runs a coastal refinery in southern Karnataka state with a capacity of 300,000 bpd.


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..

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