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Market move▼ Strongly bearish for Mangalore Refinery and Petrochemicals
MRPL shares tumble 5% after explosion at Mangaluru plant, thick smoke seen from refinery unit
The brief
- MRPL shares fell over 5% after an explosion was reported at its Mangaluru refinery
- Thick smoke was seen emerging from the facility
- A refinery disruption risk weighs on MRPL and could affect Indian oil refining sentiment