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Order win▼ Bearish for Mangalore Refinery and Petrochemicals
Mangalore Refinery Petrochem cancels fuel export tenders after fire at site
The brief
- MRPL withdrew tenders to export diesel, jet fuel and reformate later this month after a site fire
- Export disruption may tighten product availability, affecting Indian refiners and fuel markets
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MRPL refinery fire and fuel-export tenders
A fire at MRPL’s Mangaluru refinery was followed by a fall in the company’s shares of up to 10% from the intraday high. The incident was described as explosion-like and occurred at the Coker hydroheater unit.
Wednesday, 30 September
- Mangalore Refinery Petrochem cancels fuel export tenders after fire at site