GENERAL30 Sept 2026
MRPL shares reverse gains after fire incident at Mangaluru refinery; down 10% from day’s high | Stock Market News
MRPL shares reversed all their early gains and fell 10% after a fire broke out at its Mangaluru refinery on Wednesday, 30 September. The stock touched a day high of ₹180.80 before slipping to ₹162.50. The company said the fire is under control, one minor injury was reported, and there are no major injuries. Investors should stay calm.
Key Statutory Highlights
- A fire broke out at MRPL's refinery near Jokatte in Mangaluru after a Cold Separator ruptured in the Coker Hydrotreater Unit.
- MRPL shares hit a day high of ₹180.80 and then dropped 10% to a low of ₹162.50.
- The company said the fire has been brought under control, one minor injury was reported, and no major injuries occurred.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy MRPL shares, follow the company's official updates on this fire and check with a certified adviser before acting on the news.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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