ONGC, MRPL and OPaL Form OPML, a Single Marketing Company for the Group’s Petrochemicals
The ONGC Group now has one company to sell its petrochemicals. ONGC, Mangalore Refinery and Petrochemicals (MRPL) and ONGC Petro additions (OPaL) have incorporated ONGC Petrochemicals Marketing Limited (OPML), registered on 7 October 2026.
ONGC holds 50% of the joint venture, and MRPL and OPaL 25% each. Its authorised and subscribed capital is ₹50 crore, in 5 crore equity shares of ₹10 each; MRPL paid cash at face value for its stake, on an arm's-length basis.
In the companies' words, "OPML will serve as a single, integrated, market-facing platform dedicated to the marketing and trading of petrochemicals, chemicals, and kindred products produced across the ONGC Group."
What it means for buyers and suppliers
Buyers who today deal separately with OPaL and MRPL for polymers and chemicals may, over time, deal with one seller — with one price list, one set of credit terms and one distribution network. Converters and traders should watch how OPML sets up its channel partners and whether existing distributor arrangements carry over.
Source: Indian Chemical News. Photo (representative): the MRPL refinery, Mangaluru — one of the three partners. DRajkhowa, CC BY-SA 4.0, via Wikimedia Commons.