Mangalore Refinery And Petrochemicals Ltd
NSE: MRPL BSE: 500109
₹196.65
(-0.25%)
Wed, 04 Mar 2026, 09:28 am
Market Cap344.65B
PE Ratio15.82
Dividend1.53
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.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
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