Manali Petrochem Suspends Plant-1 Operations Due to Propylene Cutoff

Manali Petrochemicals Limited (MPL) will temporarily suspend operations at Plant-1, Manali, Chennai from March 12, 2026, following complete cessation of propylene supply from Chennai Petroleum Corporation Limited (CPCL).

Supply Disruption Cause

CPCL halted propylene deliveries per MoPNG Order M-13017(11)/1/2026-LPG-PNG dated March 9, 2026, prioritizing all refinery crude processing for LPG production amid Middle East conflict-driven global supply disruptions. Indian Oil Corporation also reduced R-LNG supplies per email dated March 9, 2026.

Plant-2 continues using available feedstock inventory; material updates will follow. This force majeure event prevents impact estimation, with MPL managing stakeholder obligations while monitoring developments.

Shares of Manali Petrochemicals Limited was last trading in BSE at Rs. 50.04 as compared to the previous close of Rs. 50.31. The total number of shares traded during the day was 12701 in over 252 trades.

The stock hit an intraday high of Rs. 51.50 and intraday low of 49.35. The net turnover during the day was Rs. 644100.00.

Source : Equity Bulls

Keywords

ManaliPetrochemicals INE201A01024 OperationsSuspended Plant1 PropyleneCutoff