Mangalore Refinery and Petrochemicals (MRPL) has received approval to raise funds upto Rs 5,000 crore through issue of non-convertible debentures (NCDs)/Bonds, through a special resolution. The board of directors at its meeting held on September 04, 2021 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.