Announced Thu, 8 Oct, 2026 · 14:16 IST
MRPL incorporates ONGC Petrochemicals Marketing JV; holds 25 percent stake
MRPL · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹182.65
prior close
₹174.66
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.9+0.6+0.3——————————
Up moveDown movePending
AI summary
MRPL has incorporated ONGC Petrochemicals Marketing Limited (OPML), a joint venture with ONGC and OPaL in a 50:25:25 ratio. MRPL holds 25 percent via 1.25 crore shares at Rs.10 each, totalling Rs.12.5 crore. OPML will handle integrated marketing and trading of petrochemicals, chemicals and kindred products for the ONGC Group. It was incorporated on 7 October 2026 with Rs.50 crore share capital. DIPAM approval was secured.
Likely market impact
Strategic alignment with parent ONGC for petrochemicals marketing. Limited near-term impact as MRPL holds 25 percent minority stake in the new JV.