ONGC Mangalore Petrochemicals Limited

ONGC Mangalore Petrochemicals Limited (OMPL) is an Indian company promoted by Oil and Natural Gas Corporation (ONGC) and Mangalore Refinery and Petrochemicals Limited (MRPL). ONGC and MRPL hold respectively 49% and 51% stake in the company. OMPL is a Government of India enterprises and Subsidiary Company of MRPL and also a PSU behalf of share pattern of OMPL.[1] OMPL was incorporated on 19 December 2006.

The OMPL complex spans 442 acres of land in Mangalore Special Economic Zone (SEZ). The project cost was estimated at ₹ 5750 crores. The complex is connected with MRPL Refinery from where the feed to the complex is supplied. It is 14 km away from the New Mangalore Port and about 15  km from Mangalore International Airport.

On October 19, 2020 the board meeting of MRPL had approved acquisition OMPL, from ONGC (Oil and Natural Gas Corporation) Ltd.[2]

References
  1. MRPL raises stake in OMPL to 46 percent
  2. MRPL increases stake in ONGC Mangalore Petrochemicals Ltd to 99.99 per cent
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