NUMALIGARH REFINERY PLANS DIESEL SWAP WITH BANGLADESH

Article Abstract:

Numaligarh Refineries Limited (NRL) has drawn up a petroleum product swap deal with Bangladesh Petroleum Corporation and the government of Myanmar to supply diesel and kerosene from its three million tonne refinery to Bangladesh. As per the deal, Bharat Petroleum, one of the promoters of NRL, will receive an equivalent amount of product imported by Bangladesh, from middle-east, in Mumbai. In NRL, Bharat Petroleum holds 32 percent stake, IBP 19 percent stake and the government of Assam 10 percent, with the balance offered to the public. (gsh)

Comment:

Draws up petroleum prod swap deal w/ Numaligarh Refineries & govt of Myanmar to supply diesel & kerosene

Petroleum, Petroleum and Coal Products Manufacturing, Strategic alliances, Article, Numaligarh Refineries Ltd., Bangladesh Petroleum Corp.

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MRPL DEBENTURES

Article Abstract:

The non-convertible/partly convertible debenture issue of Mangalore Refinery and Petrochemicals Ltd has been assigned an LA+ rating by Icra. This indicates adequate safety with relatively higher standing in the category. Icra has also assigned an A1 rating, indicating highest safety, to the company's Rs100 crore commercial paper issue. (khr)

Comment:

The non-convertible/partly convertible debenture issue of Mangalore Refinery and Petrochemicals Ltd has been assigned an LA+ rating by Icra.

Securities issued, listed, Petrochemical Manufacturing, Cyclic crudes and intermediates, Petrochemicals, Mangalore Refinery and Petrochemicals Ltd.

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