MRPL Shares Give Up Gains After Fire at Mangaluru Refinery
5paisa Capital Ltd
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Last Updated: 30th September 2026 - 05:04 pm
Shares of Mangalore Refinery and Petrochemicals Limited (MRPL) gave up their early gains on September 30 after the company reported a fire at its refinery near Jokatte in Mangaluru.
Invest in Indian Markets and Unlock Future Potential With 5paisa!The stock had started the day at ₹172.50 and climbed to an intraday high of ₹180.80. It later dropped to ₹162.50, a fall of about 10% from the day’s high.
At the time of the report, MRPL shares were trading 0.75% lower at ₹170.40.
The change in direction came after MRPL informed the exchanges about an incident at its refinery involving the rupture of a Cold Separator operating under high pressure in the Coker Hydrotreater Unit.
The company said the affected unit had been isolated and its emergency response and firefighting teams were deployed at the site.
The fire was subsequently brought under control, though firefighting operations were expected to continue for some time as part of the safe handling of the incident.
MRPL reported no major injuries. One person suffered a minor injury and was taken to hospital for medical attention. The company said the person was out of danger.
The refinery operator added that it was closely monitoring the situation and that the safety of employees and the facility remained its priority.
MRPL also said there was no reason for people inside or outside its premises to panic.
The incident brought a sharp change in the stock’s movement during Wednesday’s session, with the shares retreating from their intraday high after details of the fire became public.
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