MRPL cuts refinery runs after hydrocracker leak: Source

Written By Unknown on Kamis, 22 Mei 2014 | 23.25

"There was a marginal leak detected in Hydrocracker-II at about 3:30 p.m. and it was contained in an hour. We are in the process of restarting the unit and we hope it will reach full capacity by tomorrow evening," the source said.

Mangalore Refinery and Petrochemicals has cut runs at its 300,000-barrels-per-day refinery after the detection of a leak in one of the plant's two hydrocrackers, a company source said.

"There was a marginal leak detected in Hydrocracker-II at about 3:30 p.m. and it was contained in an hour. We are in the process of restarting the unit and we hope it will reach full capacity by tomorrow evening," the source said.

The source did not specify the capacity of the hydrocracker.

The refiner earlier this week restarted its Hydrocracker-I after a nearly month-long shutdown that idled about a fifth of its crude processing capacity.

MRPL stock price

On May 22, 2014, Mangalore Refinery and Petrochemicals closed at Rs 73.15, down Rs 2.1, or 2.79 percent. The 52-week high of the share was Rs 80.65 and the 52-week low was Rs 26.45.


The company's trailing 12-month (TTM) EPS was at Rs 3.43 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 21.33. The latest book value of the company is Rs 40.33 per share. At current value, the price-to-book value of the company is 1.81.


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