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Jul 08, 2013, 11.14 AM IST | Source: Moneycontrol.com

Govt of India upgrades MRPL status to schedule A

Mangalore Refinery and Petrochemicals has been upgraded from Schedule 'B' status to Schedule 'A' status by Department of Public Enterprises (DPE), Government of India (GOI) with effect from July 04, 2013.

Mangalore Refinery and Petrochemicals Ltd has informed BSE that Mangalore Refinery and Petrochemicals Limited (MRPL), a Listed Central Public Sector Enterprise (CPSE) under Ministry of Petroleum and Natural Gas (Moping) has been upgraded from Schedule 'B' status to Schedule 'A' status by Department of Public Enterprises (DPE), Government of India (GOI) with effect from July 04, 2013.This implies greater autonomy to the management, growth in organizational hierarchy besides placing MRPL in a better position in the international competitive market.Source : BSE

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