MRPL Forms Petrochemicals Marketing JV with ONGC and OPaL

MRPL to form a petrochemicals marketing joint venture with ONGC and OPaL with 50:25:25 shareholding.
Company will contribute ₹12.5 crore equity capital subject to DIPAM and Ministry of Finance approval.
JV aims to integrate group marketing, create synergies, reduce costs, and improve pricing mechanisms.
New entity will focus on logistics optimization, specialty grades production, and third-party sales opportunities.