CRISIL reaffirms "CCR AAA" rating to MRPL

Date: 
April 10, 2008

Credit rating agency, CRISIL reaffirmed the
"CCR AAA" rating to Mangalore Refinery and Petrochemicals Limited (MRPL), the ONGC Group Company and a mini ratna I.

The rating indicates highest degree of strength with regard to honouring debt obligations. The rating will be valid for one year from March 24, 2008.

Shri R Rajamani, our MD, has congratulated everyone responsible for the achievement.