Mangalore Refinery And Petrochemicals Ltd
NSE: MRPL BSE: 500109
₹148.13
(1.76%)
Sat, 23 May 2026, 02:01 pm
Market Cap255.27B
PE Ratio13.49
Dividend2.75
Energy Minerals
Oil Refining/Marketing
24.5KCompany History
1988
- Incorporated on March 7 pursuant to MOU dated June 26, 1987 between GOI, HPCL, and IRIL for Mangalore refinery.
- Obtained Certificate of Commencement of business on August 2 from Registrar of Companies, Karnataka, and Letter of Intent from GOI.
- Promoted by HPCL, Indian Rayon & Industries Ltd., Grasim Industries Ltd., Hindalco Industries Ltd., and Indo Gulf Fertilisers and Chemicals Corp. Ltd.
1993
- Public issue of 43,160,000 16% Secured Redeemable PCDs of Rs 135 each (Rs 582.66 crore) and 28,000,000 17.5% Secured Redeemable NCDs of Rs 200 each with warrants (Rs 560 crore).
- Tied up entire foreign exchange requirements of the project.
- Tied up process technologies with international suppliers.
1995
- Tied up entire funds required for the project.
1996
- Tied up debt (foreign exchange and rupee) for capacity expansion.
1997
- Commissioned three million tonnes refinery towards end of 1995-96, operating at over 100% capacity.
1998
- Entered agreement with National Securities Depository Limited (NSDL) for electronic holding of shares.
1999
- Issued 376,947,036 FCDs of Rs 19.26 each to promoter companies, converted to 376,947,036 equity shares of Rs 10 each at premium of Rs 9.26.
- Signed crude-sourcing deal with Chevron-Texaco.
2000
- Expected losses of around Rs 300 crore for 1999-2000 financial year.
- Entered world markets with competitive petro-products like motor spirit.
- Enhanced refining capacity to 12 million tonnes per annum through debottlenecking.
- Expanding refining capacity from 3 to 9 million tonnes per annum.
- Outstandings from Oil Coordination Committee reached Rs 792 crore.
- H. L. Zutshi elected Chairman for two years.
- Jagdish Mehta stepped down as joint MD.
- Denied 26% stake in Mangalore-Bangalore pipeline.
2001
- ICRA downgraded non-convertible debenture programme and partially-convertible debenture programme.
- Reported net loss of Rs 185.04 crore for year ended March 31.
2002
- IDBI appointed G. M. Ramamurthy as nominee director.
- ONGC board approved acquisition of Aditya Birla group's stake.
- Board approved issuance of additional equity shares up to Rs 20,000 million to ONGC and/or lenders on debt-to-equity conversion, subject to approvals.
2003
- ONGC acquired 37.38% equity stake.
- Directors M.C. Bhargodia, B.N. Puranmalka, P. Ramakrishnan, and Ravi Kastia resigned.
- ICRA assigned A1+ rating to short-term borrowings programme.
- Issued MIBOR-linked bonds of Rs 500 million with green shoe option of Rs 250 million at MIBOR + 15 basis points.
- Signed MOU with ONGC for crude oil supply.
- Became third largest refinery in India.
2004
- Tied up with Shell for petro products.
- Prepaid Rs 2,380 crore under debt restructuring package.
- Equity shares entered A group at BSE from March 1.
- ONGC nominated Dr. Ashok Kumar Balyan to the Board.
2005
- Signed pacts with Saudi and Iran firms for crude supply.
- Forged alliance with Ashok Leyland for retail outlets.
- Won Jawaharlal Nehru Centenary Award for energy performance in refineries for 2003-04.
2006
- ICRA assigned IR AAA Issuer Rating.
- Forged alliance with Abu Dhabi firm.
- Inked agreement with Mauritius company.
2007
- Appointed V. P. Joy as Director effective January 16.
- Appointed V. K. Dewangan as Director effective March 5.
- Signed long-term product supply agreement with Shell.
- Received award for energy performance.
2008
- Entered joint venture with Shell for domestic marketing of aviation fuel.
- Shell-MRPL joint venture to supply ATF to Jet Airways.
2009
- Agreed to buy crude from Cairn's Rajasthan blocks.
- Received first consignment of crude from Cairn.
2010
- P. P. Upadhya appointed as Director.
- B. Sukumar relieved as Company Secretary; Dinesh Mishra appointed as Company Secretary and Compliance Officer.
- Board recommended dividend of Rs 1.20 per equity share.
2011
- Vishnu Agrawal appointed as Director-Finance.
- Board recommended dividend of Rs 1.20 per equity share.
2012
- Government of Karnataka sanctioned special incentive package for phase III expansion and upgradation project.
- P. P. Upadhya took over as MD.
- Dr. D. Chandrasekharam appointed as Independent Director.
- Board recommended dividend of Rs 1.00 per equity share.
2014
- Started Petro Fluidized Catalytic Cracking unit.
2015
- Purchased cargo of Djeno crude.
- Won first prize for outstanding performance in Hindi implementation.
- Conferred Skoch Foundation Order-of-Merit Award for best project.
2016
- Readied Rs 11,000 crore for expansion to 25 mtpa refining capacity.
2017
- Received environmental clearance for BS VI project.
2020
- Won Silver Medal IGMC award.
2021
- Recognized as one of four top contributors for wildlife conservation by Zoo Authority of India.
- Commissioned 25th retail outlet at Mandarthi.
- Signed agreement for door-to-door delivery of HSD with PEP Fuels.
- Awarded first prize on PRSI National Award for innovation in marketing strategies during Covid.
2022
- Won PRCI Zonal Award for Best PSU implementing CSR for Social Cause.
- Won Energy Technology Awards.
- Bagged first prize for Safe Operations in Oil Industry category and Safety award for Co-Gen Boiler.
- Won eight PRCI National Excellence Awards.
2024
- Launched State-of-the-Art Bitumen Production Train.
- Received Special Award for Innovation at Energy Technology Meet.
- Won Mahatma Award for HR Excellence and Social Impact.
- Contributed Rs 47 lakhs to Akshaya Patra Foundation for Mid-Day Meal Program.
- Donated Rs 1 crore for Endosulfan Victims Care.
- Extended CSR support to strengthen TB elimination efforts in Karnataka.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800