Branch² Intelligence

MRPL Shares Jump 6% After ONGC Announces 1.75 MT Strategic Oil Reserve In Mangaluru

IN · 2026-07-10

Key takeaway

ONGC's 1.75 MT strategic oil reserve in Mangaluru boosts MRPL's valuation by ~₹1,200 crore.

Step 1ONGC announces 1.75 MT strategic oil reserve in Mangaluru, directly involving MRPL.
Step 2MRPL's involvement signals new revenue stream from storage fees, driving 6% stock rally.
Step 3EPC contracts for the reserve benefit construction firms like L&T, boosting their order books.

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