Business Standard

Monday, December 23, 2024 | 11:02 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

MRPL shareholders to mull fund raising on 4th Sept

Image

Capital Market

The company is planning to raise upto Rs 5,000 crore via issue of non-convertible debentures/bonds.

Mangalore Refinery & Petrochemicals (MRPL) said its 33rd annual general meeting (AGM) is scheduled for Saturday, 4 September 2021, wherein it will seek shareholders' approval to raise upto Rs 5,000 crore through issue of non-convertible debentures (NCDs)/ bonds.

Shares of MRPL were trading 2.68% lower at Rs 41.70 on BSE.

MRPL is a subsidiary of ONGC and schedule 'A' Miniratna, Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum & Natural Gas. The PSU company posted a net loss of Rs 229.17 crore in Q1 FY22 as compared toa net loss of Rs 725.47 crore in Q1 FY21. Net sales soared 156.6% to Rs 11,245 crore in Q1 FY22 over Q1 FY21.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 23 2021 | 12:11 PM IST

Explore News