Mangalore Refinery inches up on signing MoU with SOCAR, ONGC
Mangalore Refinery and Petrochemicals is currently trading at Rs. 110.70, up by 0.05 points or 0.05% from its previous closing of Rs. 110.65 on the BSE.
The scrip opened at Rs. 109.05 and has touched a high and low of Rs. 111.25 and Rs. 107.90 respectively. So far 70483 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.25 on 19-Feb-2024 and a 52 week low of Rs. 107.90 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 125.80 and Rs. 107.90 respectively. The current market cap of the company is Rs. 19331.16 crore.
The promoters holding in the company stood at 88.58%, while Institutions and Non-Institutions held 3.03% and 8.39% respectively.
Mangalore Refinery and Petrochemicals (MRPL), The State Oil Company of the Azerbaijan Republic (SOCAR), Oil & Natural Gas Corporation (ONGC), have signed a Tripartite Memorandum of Understanding (MoU) during India Energy Week (IEW) 2025 at Yashobhoomi, Dwarka, New Delhi. This strategic MoU aims to enhance energy cooperation through the mutual supply and trade of crude oil, LNG, and petroleum products between SOCAR and ONGC Group entities.
The Collaboration Framework MoU establishes a structured platform for engagement, facilitating in-depth discussions, information exchange, and the exploration of energy trade opportunities. It also enables the assessment and implementation of viable projects while optimizing supply chain strategies to drive commercial sustainability and operational efficiency.
Mangalore Refinery and Petrochemicals is Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. The company is engaged in the business of refining of crude oil.
