Mangalore Refinery and Petrochemicals (MRPL) has received shareholders’ approval to raise funds of up to Rs 3,000 crore through issue of Non Convertible Debentures (NCDs)/Bonds. The Shareholders of the company in their Annual General Meeting (AGM) held on August 19, 2017, have authorised the Board to raise funds.
Mangalore Refinery and Petrochemicals (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.