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Mangalore Refinery and Petrochemicals employs more than 70% from Karnataka SECTIONS Last Updated: May 27, 2021, 10:27 PM IST Share Synopsis MRPL would like to reaffirm our commitment to a fair and transparent process that ensures social justice to all concerned, the company said. PTI MRPL) has initiated an investigation into the concerns raised by people s representatives on bypassing local people in recruitments and employing people from outside the state in the company. Being a responsible PSU, the chief vigilance officer is holding the investigation and will report to the central vigilance commission, a release from the company said on Thursday. A meeting on the recruitment issue was held recently in which the district-in-charge Minister, MP and MLAs in Dakshina Kannada district took part. ....
MRPL acquires 100% stake in ONGC Mangalore May 20, 2021 Acquires remaining 0.00027776% share in OMPL from ONGC ONGC Mangalore Petrochemicals Ltd (OMPL), a subsidiary of Mangalore Refinery and Petrochemicals Ltd (MRPL), has now become a wholly owned subsidiary of MRPL. This follows the acquisition of the remaining 0.00027776 per cent share in OMPL by MRPL from ONGC. MRPL informed the stock exchanges on Thursday that the board meeting of MRPL, on October 19, had approved the acquisition of 124,66,53,746 equity shares of ₹10 each of OMPL from ONGC. Accordingly, a share purchase agreement (SPA) was executed with ONGC for the acquisition. An amount of ₹1216,73,40,561 was paid towards consideration for acquisition of 124,66,53,746 equity shares at a price of ₹9.76 per share. ....