Business Update Positive

2026-10-08 14:22

- MRPL announced the incorporation of a joint venture company named ONGC Petrochemicals Marketing Limited (OPML) on October 7, 2026. - The joint venture is formed in partnership with ONGC, MRPL, and OPaL with a shareholding ratio of 50:25:25 respectively. - OPML has an authorized and subscribed share capital of ₹50 crore. - MRPL's investment is ₹12.5 crore for a 25% stake comprising 1,25,00,000 equity shares at face value. - The entity will undertake integrated marketing and trading of petrochemicals, chemicals, and kindred products.

Governance Neutral

2026-10-06 14:39

- Mangalore Refinery and Petrochemicals Limited (MRPL) announced the appointment of Smt. Seema as a Non-official (Independent) Director on its Board. - The appointment is effective from October 5, 2026, for a tenure of three years or until further orders. - Smt. Seema is an academician with 23 years of teaching experience specializing in Law, Management, and Social Service.

Routine Positive

2026-10-01 18:16

- Mangalore Refinery and Petrochemicals Limited received an order from the High Court of Karnataka dismissing the Department's appeal against a favorable CESTAT order. - The dispute involved CENVAT credit on capital goods for April 2010 to December 2014 amounting to ₹1,73,76,67,082 plus interest and penalty. - The High Court upheld the CESTAT order in favor of MRPL, resulting in nil financial implications.

Business Update Negative

2026-10-01 17:21

CRITICAL RED FLAG DETECTED

- Mangalore Refinery and Petrochemicals Limited (MRPL) announced a fire incident at its Coker Hydrotreater Unit (CHTU) on September 30, 2026, resulting in the tragic loss of Shri Manish Karkada. - MRPL announced overall financial support and insurance benefits of approximately ₹1.20 crore to the bereaved family, including ₹90 lakh direct financial support, ₹10 lakh under GTLI, and ₹20 lakh under the Workmen Compensation Policy. - The company is also in the process of finalizing Mediclaim insurance for the secondary workforce in consultation with local authorities, expected to be completed within four weeks.

Business Update Negative

2026-10-01 16:41

CRITICAL RED FLAG DETECTED

- MRPL confirmed that it has withheld and withdrawn export tenders anticipating potential disruption of operations following a recent fire incident at its site. - The company stated that the export tender is expected to be refloated soon after evaluating the situation and has had nil material impact on commercial operations.

Business Update Negative

2026-09-30 18:37

CRITICAL RED FLAG DETECTED

- MRPL reported a fire incident that occurred at around 12:20 hrs on September 30, 2026, due to the rupture of a high-pressure Cold Separator in the Coker Hydrotreater Unit. - The fire was brought under control and completely extinguished by 14:47 hrs with battery limits isolated. - Regrettably, one deceased person was found at the site during combing operations, and one injured person is receiving medical treatment.

Governance Neutral

2026-09-30 15:19

- Shri Mohit Kumar Aggarwal has been appointed as a Government Nominee Director on the Board of Mangalore Refinery and Petrochemicals Limited. - The appointment is effective from September 29, 2026, for a period of three years or co-terminus basis or until further orders. - He is currently serving as Deputy Secretary in the Ministry of Petroleum and Natural Gas.

Business Update Negative

2026-09-30 14:57

CRITICAL RED FLAG DETECTED

- A fire incident occurred at MRPL's Coker Hydrotreater Unit due to the rupture of a high-pressure Cold Separator around noon on September 30, 2026. - The affected unit was isolated and the fire has been brought under control by emergency response and firefighting teams. - Only one minor injury was reported; the individual was shifted to a hospital, is out of danger, and is receiving medical attention.

Routine Positive

2026-09-29 17:04

- Fitch Ratings has assigned Mangalore Refinery and Petrochemicals Limited (MRPL) a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook. - Fitch has also assigned a senior unsecured debt rating of 'BBB-' to the company. - MRPL's rating is equalized with that of its parent company, Oil and Natural Gas Corporation Limited (ONGC), reflecting high operational and medium strategic support incentives. - MRPL's standalone credit profile (SCP) is assessed at 'bb+', supported by strong asset quality, a high-complexity refinery, and sustained low leverage.

Ownership Neutral

2026-09-23 14:52

- The trading window for dealing in MRPL shares will close from October 01, 2026. - It will remain closed until 48 hours after the Board Meeting approves the Un-audited Financial Results for the 2nd Quarter/Half year ended September 30, 2026. - The date of the Board meeting will be intimated later.

Governance Neutral

2026-09-09 17:18

- Appointment of M/s. Ram Raj & Co. and M/s. A Raghavendra Rao & Associates as Statutory Auditors for Mangalore Refinery and Petrochemicals Limited for FY 2026-27. - The appointment was conveyed on September 07, 2026, and received by the company on September 09, 2026.

Governance Negative

2026-08-26 16:43

CRITICAL RED FLAG DETECTED

- MRPL received notices from BSE and NSE for non-compliance with SEBI LODR Regulations regarding Board and Sub-committee composition for the quarter ended June 30, 2026. - A fine of ₹14,19,540 each from BSE and NSE was levied. - MRPL has represented to the Stock Exchanges for a waiver of the fine, citing its status as a Central Public Sector Enterprise (CPSE) where Director nominations are made by the Government of India.

Governance Neutral

2026-08-13 15:32

- The Ministry of Petroleum and Natural Gas (MoP&NG) has approved the appointment of three Non-official Directors (NoDs) on the Board of Mangalore Refinery and Petrochemicals Limited (MRPL). - The appointed Independent Directors are Shri Lakhan Chandra Mardi, Shri Sharwan Singh Karawasra, and Shri Vipin Malviya. - The appointment is for a period of three years, effective from August 12, 2026.

Governance Neutral

2026-08-13 15:29

- Appointment of Shri Lakhan Chandra Mardi, Shri Sharwan Singh Karawasra, and Shri Vipin Malviya as Non-official Independent Directors to the Board of Mangalore Refinery and Petrochemicals Limited (MRPL). - They are appointed for a period of three years, effective August 12, 2026.

Governance Neutral

2026-08-13 15:22

- Appointment of three Non-official Directors (NoDs) on the Board of Mangalore Refinery and Petrochemicals Limited (MRPL). - The appointed directors are Shri Lakhan Chandra Mardi, Shri Sharwan Singh Karawasra, and Shri Vipin Malviya. - All are appointed as Independent Directors for a period of three years, effective from August 12, 2026.

Business Update Positive

2026-07-23 18:09

- Mangalore Refinery and Petrochemicals Limited (MRPL) filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. - The company's long-term vision is to achieve Net Zero Scope 1 and 2 emissions by 2038. - It outlines initiatives in renewable energy, cleaner fuels, energy efficiency, and responsible sustainable practices.

Financials Positive

2026-07-23 18:05

- Standalone Operating Revenue ₹1,05,155 crore vs ₹1,09,280 crore (▼3.8% YoY) - Standalone PBT ₹4,022 crore vs ₹113 crore (▲3459% YoY) - Standalone PAT ₹1,931 crore vs ₹51 crore (▲3686% YoY) - Gross Refining Margin (GRM) improved to US$ 9.22 per barrel from US$ 4.45 per barrel YoY. - Board declared an Interim Dividend of ₹4 per equity share for FY 2025-26. - Commissioned 85 new Retail Outlets and 76 EV charging stations, expanding geographical footprint. - Achieved a reduction of 9.63% in Scope 1 and Scope 2 emission intensity. - Pursuing initiatives in Bio-ATF, Sustainable Aviation Fuel (SAF), and Green Hydrogen.

Governance Neutral

2026-07-21 16:03

- The 38th Annual General Meeting (AGM) is scheduled for Monday, August 24, 2026, at 4:00 P.M. (IST) via Video Conferencing/OAVM. - The cut-off date for determining eligible shareholders for remote e-voting is August 17, 2026. - Remote e-voting will commence on August 21, 2026 (9:00 a.m.) and end on August 23, 2026 (5:00 p.m. ISD).

Financials Positive

2026-07-15 19:45

- Revenue ₹41,609Cr vs ₹20,989Cr (▲98.24% YoY) - EBITDA ₹1,860Cr vs ₹218Cr (▲753.21% YoY) - Consolidated PAT (attributable to owners) ₹946Cr vs ₹(271)Cr (Turnaround from loss to profit, ▲449.08% YoY) - EBITDA Margin 4.5% vs 1.0% (▲350bps)

Financials Positive

2026-07-15 19:40

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹41,608.96 Cr vs ₹20,988.53 Cr (▲98.25% YoY) - EBITDA ₹1,820.23 Cr vs ₹180.77 Cr (▲907% YoY) - PAT ₹945.68 Cr vs ₹(270.66) Cr (Turned profitable from loss YoY) - EBITDA Margin 4.37% vs 0.86% (▲351bps) - Board considered appointment of Mr. Sanjib Kumar Mandal as Internal Auditor and M/s Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27. - Board recommended adoption of amended Memorandum and Articles of Association.

Financials Positive

2026-07-15 19:38

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹41,608.96 Cr vs ₹20,988.53 Cr (▲98.25% YoY) - EBITDA ₹1,820.23 Cr vs ₹180.77 Cr (▲907.03% YoY) - PAT ₹945.68 Cr vs ₹(270.66) Cr (swing from loss to profit YoY) - EBITDA Margin 4.37% vs 0.86% (▲351bps) - Sanjib Kumar Mandal appointed as Internal Auditor, replacing M. H. Shantharam. - M/s Bandyopadhyaya Bhaumik & Co. appointed as Cost Auditor for FY 2026-27. - Board recommended seeking shareholder approval for amendments in Memorandum and Articles of Association. - The company currently lacks the requisite number of Independent Directors, and Audit Committee functions are carried out by the Board.

Financials Positive

2026-07-15 19:35

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹41,608.96 Cr vs ₹20,988.53 Cr (▲98.25% YoY) - EBITDA ₹1,419.36 Cr vs ₹218.93 Cr (▲548.31% YoY) - PAT ₹945.68 Cr vs ₹(270.66) Cr (from loss to profit YoY) - EBITDA Margin 3.41% vs 1.04% (▲237bps) - Sanjib Kumar Mandal appointed as Internal Auditor due to internal transfer. - M/s Bandyopadhyaya Bhaumik & Co. appointed as Cost Auditor for FY 2026-27. - Board recommended seeking shareholder approval for amendment in object clause and adoption of new MOA/AOA aligned with Companies Act, 2013.

Financials Positive

2026-07-15 19:31

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹41,608.96 Cr vs ₹20,988.53 Cr (▲98.24% YoY) - EBITDA ₹1,820.23 Cr vs ₹180.77 Cr (▲907.0% YoY) - PAT ₹945.68 Cr vs ₹(270.66) Cr (Turnaround from loss YoY) - EBITDA Margin 4.37% vs 0.86% (▲351bps) - The Board does not have the requisite number of Independent Directors, with Audit Committee functions carried out by the Board. - Company opted for a lower effective tax rate (25.168%) from FY26-27 onwards. - An exceptional income of ₹471.76 Cr was recognized due to revision of petroleum product prices.

Routine Neutral

2026-07-10 19:59

New Filing detected. See link for details.

Governance Neutral

2026-07-03 16:28

- Shri. Satyan Kumar has been appointed as an ONGC Nominee Director on the Board of MRPL, effective July 2, 2026. - He brings over 36 years of experience in the oil and gas sector, strategic leadership, and diversification into green energy initiatives.

Governance Neutral

2026-07-01 12:20

- Shri Pankaj Kumar ceased as ONGC Nominee Director on MRPL's Board effective July 1, 2026. - The cessation is due to superannuation.

Routine Neutral

2026-06-26 11:33

- Trading window for MRPL shares to remain closed from July 01, 2026. - Closure is due to the impending Unaudited Financial Results for the quarter ended June 30, 2026, and will last until 48 hours post-Board meeting approval.

Governance Neutral

2026-06-05 16:30

- Shri D K Ojha's tenure as Govt. Nominee Director extended from May 16, 2026, to May 15, 2029, or until further orders. - Dr. Seema appointed as Govt. Nominee Director for a period of three years from June 4, 2026, or until further orders.

Governance Neutral

2026-06-01 17:10

Mangalore Refinery and Petrochemicals Limited (MRPL) announced changes in its Senior Management. Shri. BHV Prasad ceased to be the Executive Director (Projects) effective June 1, 2026, due to superannuation. Concurrently, Shri. Pattathil Sujith was appointed as the new Executive Director (Projects) on the same date. Shri Sujith brings over three decades of experience at MRPL, having contributed significantly to the refinery's commissioning and key projects.

Governance Negative

2026-05-28 17:30

CRITICAL RED FLAG DETECTED

Mangalore Refinery and Petrochemicals Limited (MRPL) received notices and fines of ₹5,68,760 each from BSE and NSE for non-compliance with SEBI LODR Regulations regarding the composition of its Board and Sub-committees for the quarter ended March 31, 2026. MRPL has appealed for a waiver, citing its status as a Central Public Sector Enterprise where director nominations are made by the Government of India.

Business Update Neutral

2026-05-27 12:56

Mangalore Refinery and Petrochemicals Limited (MRPL) has launched its "Second 100 Days Campaign - Saksham Niveshak" from April 01, 2026, to July 09, 2026. This initiative, following directives from the IEPFA, encourages shareholders to update their KYC details and claim any unpaid or unclaimed dividends before they are transferred to the Investor Education and Protection Fund (IEPF).

Business Update Positive

2026-05-19 19:29

MRPL received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for laying, building, operating, or expanding a petroleum and petroleum product (ATF) pipeline from Devangonthi to Kempegowda International Airport, Bengaluru. The pipeline will have a system capacity of 2.5 MMTPA and is to be executed within 36 months.

Business Update Positive

2026-05-14 12:32

Mangalore Refinery and Petrochemicals Limited (MRPL) has received a final order from the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore, ruling in its favor. This decision makes MRPL eligible for a refund of ₹212.53 crore, which was previously paid under protest during a classification dispute. The ruling also extinguishes a contingent liability aggregating to ₹616.82 crore, significantly improving the company's cash flow position.

Business Update Positive

2026-04-27 13:22

MRPL, ONGC, and OPaL are forming an Integrated Petrochemicals Marketing & Trading Joint Venture Company with 50:25:25 shareholding (ONGC:MRPL:OPaL). MRPL will contribute ₹12.5 crore. The JVC aims to integrate marketing, reduce costs, and increase revenue, subject to DIPAM approval.

MRPL

Mangalore Refinery and Petrochemicals Limited

Price Chart

Filing History

Unlock Full History