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MRPL secures highest credit rating
New Delhi December 12, 2006
Mangalore Refinery and Petrochemical Ltd.(MRPL) , a
subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), has
been assigned a Corporate Credit Rating “CCR AAA” (pronounced
“CCR Triple A”) by CRISIL. This rating indicates highest
degree of strength with regard to honoring debt obligations.
MRPL is currently implementing a Refinery Upgradation cum
Expansion Project at its Mangalore Refinery at an estimated
cost of Rs. 7943 crore which is scheduled for completion in
June 2010.
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