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Mangalore Refinery gets nod to raise funds upto Rs 5000 crore

19 Sep 2020 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has received an approval to raise funds upto Rs 5,000 crore through issue of unsecured non-convertible debentures (NCDs)/ Bonds, through a special resolution. The company’s shareholders in the Annual General Meeting held on September 18, 2020 has 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 1240.80
Indian Oil Corpn. 134.10
Bharat PetroleumCorp 306.80
HPCL 350.45
MRPL 163.80
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