17 Feb 2025

MRPL Stock Sees Marginal Gain; Signs Strategic MoU with SOCAR and ONGC

Mangalore Refinery and Petrochemicals (MRPL) 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 stock opened at RS. 109.05 and touched a high of RS. 111.25 and a low of RS. 107.90. A total of 70,483 shares have been traded so far.

MRPL, a BSE Group 'A' stock with a face value of RS. 10, reached a 52-week high of RS. 289.25 on February 19, 2024, and a 52-week low of RS. 107.90 on February 17, 2025. In the last week, the stock fluctuated between RS. 125.80 and RS. 107.90. The company’s market capitalization stands at RS. 19,331.16 crore.

The promoter holding in MRPL is 88.58%, while institutions and non-institutions hold 3.03% and 8.39%, respectively.

Meanwhile, MRPL has signed a strategic Tripartite Memorandum of Understanding (MoU) with the State Oil Company of the Azerbaijan Republic (SOCAR) and Oil & Natural Gas Corporation (ONGC) during India Energy Week (IEW) 2025 at Yashobhoomi, Dwarka, New Delhi. This MoU aims to strengthen 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 sets up a structured platform for engagement, fostering discussions, information exchange, and energy trade opportunities. It also facilitates the assessment and execution of viable projects while optimizing supply chain strategies to enhance commercial sustainability and operational efficiency.

MRPL is a Category 1 Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas, primarily engaged in crude oil refining.