New Delhi/Mumbai: Mangalore Refinery and Petrochemicals Limited (MRPL) has appointed M/s Bandyopadhyaya Bhaumik & Co. as its Cost Auditor for the financial year 2025–26. The company has also proposed amendments to its Memorandum of Association (MOA), subject to shareholder approval in the upcoming Annual General Meeting (AGM).
The MOA amendments are in line with standard governance updates and aim to enhance compliance and operational clarity. MRPL has not disclosed any specific nature of changes but confirmed that these will be shared with shareholders ahead of the AGM for informed voting.
Ircon Bags ₹642 Cr Contract from MMRDA for Mumbai Metro Line-6
In a separate development, Ircon International Limited has received a Letter of Acceptance from the Mumbai Metropolitan Region Development Authority (MMRDA) for executing Package-2 of Mumbai Metro Line-6, which connects Swami Samarth Nagar to Vikhroli (Eastern Express Highway).
Project Scope
The awarded work includes–
- Design, supply, installation, integration, testing, and commissioning of:
- Power supply & traction systems
- Electrical & mechanical works
- Lifts and escalators
Maintenance services for five years following a two-year defect liability period
Key Details
- Total Value: ₹642.44 crore + €2.78 million (excluding GST and Customs Duty)
- Execution Period: 104 weeks (building phase)
- Awarding Authority: MMRDA
- Promoter Interest: Nil
- Contract Type: Domestic works under Ircon’s regular operations
This win further strengthens Ircon’s position in urban transport infrastructure, particularly in high-value metro rail projects, and reflects the company’s growing role in executing complex transit systems.
Key Takeaways:
- MRPL ensures continued regulatory compliance with cost audit appointments for FY26.
- MOA amendments, once approved, will improve internal corporate governance.
- Ircon’s metro win aligns with its strategy of targeting urban mobility and smart city infrastructure, and reinforces its role in the Make in India initiative.
About MRPL
Mangalore Refinery and Petrochemicals Limited (MRPL) is a subsidiary of Oil and Natural Gas Corporation (ONGC) and operates a state-of-the-art refinery in Mangaluru, Karnataka, with a capacity of 15 million metric tonnes per annum. MRPL is a key player in the refining and petrochemicals sector and is actively expanding its footprint into biofuels and renewable energy domains.
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