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Order win● Neutral for Mangalore Refinery and Petrochemicals
MRPL withdraws export tenders after September 30 fire incident
The brief
- MRPL withdrew export tenders after a September 30 fire incident
- The stated lack of material operational impact limits near-term concern for MRPL investors
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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.
Thursday, 1 October
- MRPL withdraws export tenders after September 30 fire incident