ONGC Mangalore Petrochemicals Limited Company Profile and Information

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ONGC Mangalore Petrochemicals Limited is a subsidiary of ONGC, a major oil and gas company in India. It was established in 2005.

The company's main objective is to produce petrochemicals, such as polypropylene and polyethylene, from the naphtha feedstock. These products are used in various industries, including packaging, textiles, and construction.

The company's plant is located in Mangalore, Karnataka, and has a production capacity of 400,000 tons per year. This makes it one of the largest petrochemical plants in the country.

Financial Information

ONGC Mangalore Petrochemicals Limited has a significant annual revenue of $79.4 million in 2025.

The company's financial performance is a key indicator of its overall health and stability.

This revenue figure indicates a substantial contribution to the company's overall financial standing, which is likely a result of its successful operations and business strategies.

The annual revenue of $79.4 million in 2025 demonstrates the company's ability to generate substantial income from its business activities.

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State to Sell 46% Stake in Billion-Dollar Project

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The state-owned Oil and Natural Gas Corp. Ltd (ONGC) has decided to sell its 46% stake in a billion-dollar petrochem project in Karnataka.

The project, ONGC Mangalore Petrochemicals Ltd (OMPL), is building a 6,400-crore aromatic complex in the Mangalore special economic zone (SEZ).

ONGC will sell its stake to its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) at market value.

The aromatic complex will produce 0.9 million tonnes per annum of Paraxylene and 0.3 million tonnes of benzene.

Here's a breakdown of the project's key statistics:

This move is expected to create greater synergies between OMPL and MRPL, as the two companies share a common parent in ONGC.

The aromatic complex will be commissioned by August, a year behind schedule, and will produce industrial chemicals and petrochemicals.

ONGC holds 71.63% stake in MRPL, which operates a 15 million tonnes a year refinery at Mangalore.

Annual Revenue of Mangalore Petrochemicals Ltd

ONGC Mangalore Petrochemicals Ltd's annual revenue is quite impressive, reaching $79.4 million in 2025.

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The company's financial performance is a testament to its efficiency in the petrochemical industry.

This figure is a significant milestone for the company, demonstrating its ability to generate substantial revenue.

To put this into perspective, $79.4 million is a notable amount for any business, and it speaks to the company's success in the market.

Gst Details

The GST number for this business is 29AAFCM********, and it's locked, so you'll need to click the "UNLOCK NOW" button to access the full number.

The PAN number is 29AAFCM****, also locked, so you'll need to click "UNLOCK NOW" to see the full number.

The business is located in Karnataka, a state in India.

The pincode for the business location is 574509.

This business operates in multiple capacities, including as a recipient of goods or services, a service provider, and an entity involved in manufacturing or factory work within a Special Economic Zone (SEZ).

Here are the details in a concise format:

Employment and Operations

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ONGC Mangalore Petrochemicals Limited is a significant player in the petrochemical industry.

The company's employment and operations are a testament to its commitment to growth and development. ONGC Mangalore Petrochemicals Limited has a large workforce that includes engineers, technicians, and other skilled professionals.

The company's operations are divided into various departments, including production, maintenance, and quality control. This ensures that the production process is efficient and meets the required quality standards.

ONGC Mangalore Petrochemicals Limited has implemented various safety measures to prevent accidents and ensure a safe working environment. The company has also established a comprehensive training program for its employees to enhance their skills and knowledge.

The company's operations are also supported by a robust logistics and transportation system. This enables the efficient movement of raw materials and finished products.

Industry Classification

ONGC Mangalore Petrochemicals Ltd has specific industry classifications that help identify its business operations.

The NAICS codes for the company are 2111, 21, 21112, and 211, indicating its involvement in oil and gas extraction and refining.

For the Standard Industrial Classification (SIC), ONGC Mangalore Petrochemicals Ltd is classified under codes 13 and 131, which further specify its activities in the oil and gas industry.

Naics Code for Petrochemicals

Credit: youtube.com, What is NAICS Code 211130? | Class Codes

The NAICS code for petrochemicals is a crucial piece of information for businesses in this industry. ONGC Mangalore Petrochemicals Ltd has a NAICS code of 2111, 21, 21112, and 211.

Having a clear NAICS code helps with industry classification and ensures accurate data collection. For instance, ONGC Mangalore Petrochemicals Ltd's NAICS code of 2111 indicates that it operates in the oil and gas extraction industry.

SIC Code for Ltd

ONGC Mangalore Petrochemicals Ltd has a SIC code of [13, 131].

The SIC code is a crucial classification for businesses like ONGC Mangalore Petrochemicals Ltd, which falls under the categories of [13, 131].

In the case of ONGC Mangalore Petrochemicals Ltd, the SIC code is [13, 131], indicating its specific industry classification.

A SIC code of [13, 131] for ONGC Mangalore Petrochemicals Ltd provides a clear and concise way to identify its business activities.

In some cases, a business may have multiple SIC codes, as seen with ONGC Mangalore Petrochemicals Ltd, which has [13, 131].

Company Details

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ONGC Mangalore Petrochemicals Limited was incorporated on 19 December, 2006.

The company's CIN is U40107KA2006GOI041258, indicating it's a union government company limited by shares.

Its authorized capital is ₹32,00,00,00,000, and the paid-up capital is ₹25,44,29,10,670.

ONGC Mangalore Petrochemicals Limited is a public company, categorized as a company limited by shares and a union government company.

Where Is Based?

ONGC Mangalore Petrochemicals Ltd is based in Mangalore, Karnataka.

Reliance Industries Ltd is based in Mumbai, Maharashtra.

Hindustan Petroleum Corporation Ltd is based in Mumbai, Maharashtra.

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Company Information

The company in question is a public company limited by shares, with an authorized capital of ₹32,00,00,00,000.

It's categorized as a Union government company, which means it operates under the government's jurisdiction.

The company's status is listed as amalgamated, and it has been in operation for 18 years, 9 months, and 24 days.

Here's a summary of the company's key details:

The company's last annual general meeting was held on September 4, 2021, and its latest balance sheet was submitted on March 31, 2021.

It's worth noting that the company's contact information is not publicly available, and any contact details shown may have been updated by the company itself.

Management

Credit: youtube.com, Mangalore Refinery and Petrochemicals Limited

The management of ONGC Mangalore Petrochemicals Limited is led by a team of experienced professionals who have a strong track record of success.

The company's board of directors includes prominent figures in the industry, with expertise in areas such as finance, operations, and strategy.

The CEO of ONGC Mangalore Petrochemicals Limited is responsible for making key decisions that drive the company's growth and profitability.

The company's management team has a strong focus on innovation and sustainability, with initiatives aimed at reducing the company's environmental footprint and improving its social impact.

The company's leadership has a proven track record of delivering results, with a history of meeting or exceeding financial targets and achieving operational excellence.

Frequently Asked Questions

What is the price target of Mangalore refinery and petrochemicals Ltd?

The price target for Mangalore Refinery and Petrochemicals Ltd. is 126, representing a 3.01% potential increase from its current price of 122.32.

When did ONGC acquire Mangalore Refinery Petrochemicals Ltd from Birla Group?

ONGC acquired Mangalore Refinery Petrochemicals Ltd from A.V. Birla Group on 28th March 2003. This acquisition made MRPL a majority held subsidiary of ONGC.

Teri Little

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Teri Little is a seasoned writer with a passion for delivering insightful and engaging content to readers worldwide. With a keen eye for detail and a knack for storytelling, Teri has established herself as a trusted voice in the realm of financial markets news. Her articles have been featured in various publications, offering readers a unique perspective on market trends, economic analysis, and industry insights.

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