Mangalore Refinery and Petrochemicals500109New rating assigned
Fitch assigns MRPL first-time 'BBB-' Long-Term IDR with Stable Outlook
88.6%ONGC stake in MRPL
- Rating
- 'BBB-' with Stable Outlook
- Debt Rating
- senior unsecured debt rating 'BBB-'
- Parent Stake
- ONGC holds 88.6% stake
- Refinery Capacity
- 15 mtpa refinery
- Leverage
- 1.9x
Fitch assigns MRPL first-time 'BBB-' Long-Term IDR with Stable Outlook.
BBB-Assigned · Fitch Ratings
Rating committee
Rating action published
Also from Mangalore Refinery and Petrochemicals
Smt. Seema appointed Non-official Director (Independent Director) on the board for three years
6 Oct 2026
Board meeting on 14 October 2026 to consider unaudited results for the quarter and half-year ended 30 September 2026
5 Oct 2026
High Court of Karnataka dismisses Department's appeal, upholds CESTAT order passed in company's favour
1 Oct 2026
More numbers
- ONGC stake in MRPL88.6%
- ONGC guarantee for crude purchasesUSD500 million
- Refinery capacity15 million tonnes per annum (mtpa)
- Nelson Complexity Index11.7
- FY27 GRM estimateUSD8.5/barrel (bbl)
- FY26 GRMUSD9.22/bbl
- EBITDA net leverage FY271.9x
- Refinery utilisation 1QFY27118%
- Average annual capex FY27-FY29INR15.5 billion
- Cash and cash equivalents at FYE26INR6 billion
- Undrawn credit lines end-Aug 2026INR122 billion
- Debt maturities at FYE27INR59 billion
Source: BSE · 29 Sep 2026
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