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Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to increase its stake in OMPL (ONGC Mangalore Petrochemicals Ltd). In a statement to the BSE on Monday, the company said: “At present, MRPL holds only 3 per cent equity in OMPL and is examining the possibility of acquiring more stake in OMPL.
We will intimate the stock exchange in case of any material development in this regard.” OMPL is the aromatic complex promoted by ONGC and MRPL on 442 acres in Mangalore.
On Monday, the MRPL scrip closed at ₹66.50 against the previous close of ₹65.95.
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