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MRPL strengthens on plan to expand into 21 MMTPA refinery

01 Apr 2013 Evaluate

Mangalore Refinery & Petrochemicals (MRPL) is currently trading at Rs. 50.40, up by 0.80 points or 1.61% from its previous closing of Rs. 49.60 on the BSE.

The scrip opened at Rs. 50.45 and has touched a high and low of Rs. 51.40 and Rs. 50.10 respectively. So far 20935 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.50 on 10-Oct-2012 and a 52 week low of Rs. 48.80 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 51.90 and Rs. 48.80 respectively. The current market cap of the company is Rs. 8868.15 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 3.29% and 8.13% respectively.

MRPL is planning to expand into a 21 MMTPA refinery with a pet coke gasification unit and a linear alkyl benzene unit. The company has also decided to diversify into petrochemicals. In MRPL Phase III, a polypropylene plant is getting ready, while a joint venture company, ONGC-Mangalore Petrochemicals, is off to a running start and is expected to commission its aromatic plant by September 2013.

MRPL is a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).

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
View more..

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