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MRPL plans to buy promoter’s stake in MCF: Report

15 Mar 2012 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is reportedly planning to acquire promoter’s stake in Mangalore Chemicals & Fertilizers (MCF).

Liquor baron Vijay Mallya’s UB Group holds little over 30% stake in MCF, a non-core investment that may be sold to fund its bleeding Kingfisher Airlines.

MRPL was a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).

MRPL Share Price

154.10 -4.95 (-3.11%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1309.35
Indian Oil Corp. 143.45
BPCL 306.40
HPCL 392.05
MRPL 154.10
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