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.
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