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MRPL gains on commissioning Single Point Mooring system

02 Sep 2013 Evaluate

Mangalore Refinery & Petrochemicals (MRPL) is currently trading at Rs. 31.15, up by 0.35 points or 1.14 % from its previous closing of Rs. 30.80 on the BSE.

The scrip opened at Rs. 30.80 and has touched a high and low of Rs. 31.85 and Rs. 30.80 respectively. So far 29833 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. 26.45 on 16-Aug-2013.

Last one week high and low of the scrip stood at Rs. 33.40 and Rs. 28.00 respectively. The current market cap of the company is Rs. 5476.87 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 3.18% and 8.23% respectively.

Mangalore Refinery and Petrochemicals’ (MRPL) SPM off Tannirbavi coast has been successfully commissioned. `Ratna puja' carrying 87610.817 MT of Arab Extra Light crude completed discharge of their cargo through the company's Single Point Mooring system. This facility will enable the company to receive crude in Suez Max/ VLCC vessels, which in turn will give freight economics and allow access to West African and Latin American countries crudes.

This facility will also decongest existing berth facility at NMPT port for enhanced capacity operation of the Refinery and reduce the incidence of demurrage. This facility is also intended for crude receipt by the Indian Strategic Petroleum Reserve (ISPRL) underground cavern for storage of crude at Mangalore. Commissioning of the SPM is expected to improve the bottom line of the Company.

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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