MANGALORE REFINERY AND PETROCHEMICALS LIMITED Coupon 7.48% | PSU Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

9Y 8M 12Days

Payment Terms

Yearly

Highlights

Credit Rating

CARE AAA

Seniority

SENIOR

Security

Unsecured

Default History

Zero

About Issuer

MANGALORE REFINERY AND PETROCHEMICALS LIMITED

Mangalore Refinery and Petrochemicals Limited (MRPL) is a division of Oil and Natural Gas Corporation, which is owned by the Government of India's Ministry of Petroleum and Natural Gas. The refinery, which opened in 1988, is located in Katipalla, north of Mangalore. It was established with a processing capacity of 3.0 million metric tonnes per year which later increased to the current capacity of 15 million metric tonnes per year.

The refinery has a versatile design that allows it to process crudes with a wide range of API gravities with a high degree of automation and is India's only refinery with two hydrocrackers producing premium diesel (high Cetane). It also has a Polypropylene unit with a 440,000 million tonnes per year capacity. It is one of only two refineries in India with two CCRs capable of producing high-octane unleaded gasoline. The refinery currently processes approximately 14.65 million tonnes of crude per year. In 2020, the company's revenue was 60,062.02 crores (US$8.4 billion).

MRPL was a joint venture oil refinery promoted by Hindustan Petroleum Corporation Limited (HPCL), a public sector company, and IRIL & associates (AV Birla Group) prior to its acquisition by ONGC in March 2003. As of June 2020, ONGC held 71.63 percent of the shares, HPCL held 16.95 percent, and the remaining shares were held by financial institutions and the general public.

In 2007, the Government of India designated MRPL as a Miniratna (mini jewel).

Total Annual Revenue

60,062.02 Cr (FY 20)

Year of Inception

1988

Industry

PSU Taxable

Head Office

Mangaluru

Type of Issuer

PSU

Current MD/CEO

Shri. M. Venkatesh

Credit Rating / Outlook

AAA

CARE

AAA STABLE

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AAA credit rating are considered to have the highest degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry lowest credit risk.

Other Important Details & Disclosures

Issuer Name

MANGALORE REFINERY AND PETROCHEMICALS LIMITED

Security Name

ISIN

Copy

INE103A08050

Face Value

₹ 10,00,000

Coupon Rate

7.48%

Coupon Type

FIXED

Payment Terms

Yearly

Maturity Date

14-Apr-2032

Clean Price

₹ 100.97

Dirty Price

Current Yield

Mode of Issue

Private Placement

Date of Issue

29-Dec-2021

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SENIOR

Perpetual

Trustee Details

Registrar Details

Looking For More Information ?

Request Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: NA

This bond is
currently out of stock

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FAQs about MANGALORE REFINERY AND PETROCHEMICALS LIMITED bonds

How to buy this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond online follow the steps below:

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond?

7.3705% is the current yield of this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond is 7.3705%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond?

To redeem this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond tax-free?

No, this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond before the maturity date?

Yes, it is possible to sell this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

MANGALORE REFINERY AND PETROCHEMICALS LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond online?

What is the yield of this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond?

Is it safe to invest in bonds?

How to redeem this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond?

Is this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond tax-free?

Can I sell this MANGALORE REFINERY AND PETROCHEMICALS LIMITED bond before the maturity date?

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