Mangalore Refinery & Petrochemicals Ltd. (MRPL), established in 1988 and located in Mangalore, India, operates as a major oil refining and petrochemical company. The company focuses on refining crude oil and producing a range of petroleum products, including gasoline, diesel, and high-value petrochemicals utilized across various industries.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
MRPL began issuing bonds in the early 2000s, aiming to finance its capital expenditure and operational expansions. Notably, in 2019, MRPL issued bonds worth INR 1,500 crore, which were well-received by investors and showcased the company's robust backing from its parent, Oil and Natural Gas Corporation Limited. Currently, MRPL's bond yields are competitive within the industry, reflecting a stable financial outlook despite the volatile oil market. The company’s bonds come with features such as callable options, providing flexibility in managing debt amidst fluctuating global oil prices.