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MRPL gains on getting environmental clearance for BS VI project

13 Jul 2017 Evaluate

Mangalore Refinery & Petrochemicals (MRPL) is currently trading at Rs. 127.75, up by 0.55 points or 0.43% from its previous closing of Rs. 127.20 on the BSE.

The scrip opened at Rs. 129.00 and has touched a high and low of Rs. 129.20 and Rs. 126.50 respectively. So far 69455 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.75 on 18-May-2017 and a 52 week low of Rs. 68.50 on 13-Jul-2016.

Last one week high and low of the scrip stood at Rs. 129.20 and Rs. 120.20 respectively. The current market cap of the company is Rs. 22240.48 crore.

The promoters holding in the company stood at 88.58%, while institutions and non-institutions held 4.82% and 6.59% respectively. 

MRPL has secured the green signal from the Union Ministry of Environment, Forest and Climate Change (MoEFCC) for the Bharat Stage (BS) VI auto fuel quality compliance project and associated project facilities.

Post getting clearance, the company will be able to achieve the conversion of the existing BS IV quality motor spirit (MS) and high speed diesel (HSD) facilities entirely into BS VI quality MS and HSD. This will help the company in achieving the production of 1.2 million tonnes per annum (MTPA) of MS and 7 MTPA of HSD of BS VI standard.

MRPL is engaged in the business of refining crude oil. It offers high speed diesel oil, fuel oil and motor spirit. It operates as a subsidiary of Oil and Natural Gas Corporation.

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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