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.