MRPL board approves integration of OMPL

MANGALURU – The board of Mangalore Refinery and Petrochemicals Ltd (MRPL) has approved the integration and restructuring of its subsidiary company ONGC Mangalore Petrochemicals Limited (OMPL) in its 198th board meeting on Wednesday.

OMPL, a green field petrochemical project at Mangaluru Special Economic Zone, adjacent to MRPL’s own 15MMTPA refinery and petrochemical complex comprises an aromatic complex for the production of para-xylene and benzene.

MRPL currently holds 51% stake in OMPL while ONGC holds the 49%. – Times of India