Shares of the company closed at Rs 28.85 a unit on BSE, down by 0.86 per cent
The deal comes as Indian refiners ramp up purchases of U.S. oil to compensate for the loss of Iranian oil supplies
Delivery to take place between February 1 and 10
MRPL aims to expand refinery capacity to 500,000 barrels per bpd from 300,000 bpd
The crude is being pumped into the underground Mangalore cavern for testing the facilities
MRPL currently operates just two retail outlets in Karnataka and looks to expand further to cash in on road traffic growth in India
The company's scrip closed at Rs 79.30, down 1.06 per cent on Friday at BSE
Company will upgrade facilities in wake of the Centre's auto fuel up-gradation policy to produce BS VI grade fuel by April 2020