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Optimism for Downstream Segment: M&A of MRPL & OMPL on Cards

News

Mangalore Refining and Petrochemicals Ltd (MRPL) has started the process of acquiring INR 6,400 cr, ONGC Mangalore Petrochemicals Ltd (OMPL).

Source : ET

SNP Insight

The proposal highlights upbeat in the downstream segment of Oil & Gas Market in term of particiption from Public sector companies. With renewed focus on optimising the margins, the utilization rate of the refinery  can be increased bringing focus back to enhanced recoveries of various petroleum products.

Source : SNP Infra Research