Mangalore Refinery & Petrochemicals (MRPL) soared 12.02% to Rs 65.25 and it topped gainers in BSE's A group shares. On 5 September 2007, MRPL and a subsidiary of ONGC signed a 4-year product supply agreement with Shell India Marketing.
Indian Oil Corporation moved up 7.89% to Rs 436.20 and it stood second among top gainers in A group. Shares of oil refining-cum-marketing firms edged up today on reports the government will issue oil bonds worth Rs 12,000 crore in the first tranche to them to compensate for the losses these oil firms are incurring on sale of petrol and diesel.
Bharat Petroleum Corporation gained 7.31% to Rs 348.50. It was the third biggest gainer in A group. Earlier on 19 September 2007, the company approved the proposal of joint venture with Matrix Marine Fuels (USA) in Singapore for expanding bunkering business.
Fertilizers & Chemicals Travancore was up 4.81% to Rs 27.25. It came fourth among top gainers in A group.
Ispat Industries rose 4.66% to Rs 28.05 and came fifth among top gainers in A group. Earlier, reports suggested that the company is planning to invest about Rs 10,000 crore within five years to ramp up domestic production, and is also planning to expand overseas through capacity expansion and backward integration.
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