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MRPL rises on plan to start operations at phase-III unit by December

05 Jul 2012 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) is currently trading at Rs. 59.40, up by 0.45 points or 0.76% from its previous closing of Rs. 58.95 on the BSE.

The scrip opened at Rs. 59.80 and has touched a high and low of Rs. 60.15 and Rs. 58.65 respectively. So far 63821 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.75 on 26-Jul-2011 and a 52 week low of Rs. 50.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 61.00 and Rs. 53.55 respectively. The current market cap of the company is Rs. 10489.30 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 3.48% and 7.94% respectively. 

Mangalore Refinery and Petrochemicals (MRPL) is aiming to start operations at its phase-III unit by December, which is due to delay in completion of the captive power plant by BHEL. The main components of phase-III, such as coker and FCC (fluid catalytic cracking) units, are energy consuming ones, which needs the captive power plant to be ready.

The captive power plant would supply around 110 MW to the refinery. According to the original schedule, the captive power plant should have been commissioned in April last year. In August 2008, MRPL took up phase-III project to expand the processing capacity of the refinery from 11.82 million tonnes a year (mt) to 15 mt a year, and to upgrade the low-value products into high-value ones.

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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