MRPL shares fall after Mangaluru refinery fire
In short
MRPL shares fell 10% after a fire incident at its refinery in Mangaluru. The stock hit ₹180.80 and then dropped to ₹162.50.
Firefighting is underway, and the situation is said to be under control. The report does not say how much damage there was or whether the refinery was affected long term.
What the reporting says
Shares of Mangalore Refinery and Petrochemicals reversed gains and fell 10% after a fire incident at its refinery in Mangaluru, according to a market summary. The stock hit ₹180.80 before dropping to ₹162.50, while firefighting efforts were underway and the situation was said to be under control. The reporting says no major injuries were reported, but it does not state the full operational impact.
Why it matters
Shares of Mangalore Refinery and Petrochemicals reversed gains after a fire incident at its Mangaluru refinery, falling from a high of ₹180.80 to ₹162.50. The summary says firefighting efforts were underway and no major injuries were reported, with the situation under control. The immediate market reaction was negative, while the scale of operational disruption remains unclear.