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Business
MRPL Shares Drop 5% After Fire Report at Mangalore Refinery
✍️ Upstox
🗓 01 Oct 2026, 08:48 AM
👁 15
Shares of Mangalore Refinery and Petrochemicals Limited fell more than 5% on Tuesday after reports of a fire at its Mangaluru plant, marking a 2% decline over the past month.
Shares of Mangalore Refinery and Petrochemicals Limited (MRPL) dropped more than 5% on Tuesday following reports that a fire broke out at its Mangaluru refinery.
The incident, which was reported by local media, prompted a sharp sell‑off as investors reacted to potential operational disruptions.
MRPL’s stock has already fallen about 2% in the last month, reflecting growing concerns about the company’s production capacity.
The company has not yet issued a formal statement, but industry analysts expect a review of safety protocols at the plant.
The incident, which was reported by local media, prompted a sharp sell‑off as investors reacted to potential operational disruptions.
MRPL’s stock has already fallen about 2% in the last month, reflecting growing concerns about the company’s production capacity.
The company has not yet issued a formal statement, but industry analysts expect a review of safety protocols at the plant.