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Mangalore Refinery to raise funds of up to Rs 3,000 crore via NCDs

05 Nov 2019 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has received an approval to raise funds of up to Rs 3,000 crore through issue of Non-convertible Debentures (NCDs). The Board of the company in its meeting held on November 04, 2019, approved the same.

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.

Peers
Company Name CMP
Reliance Industries 1179.40
Indian Oil Corpn. 127.40
Bharat PetroleumCorp 286.60
HPCL 330.80
MRPL 172.00
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