Manali Petrochemicals Limited has informed the Exchange about General Updates
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manali Petrochemicals (MPL) has been forced to temporarily shut down its Plant-1 at Manali, Chennai from 12th March 2026 after its sole propylene supplier, Chennai Petroleum Corporation Limited (CPCL), completely stopped propylene supplies with immediate effect. The supply cut stems from a Government of India / MoPNG order directing CPCL to channel all crude oil processing exclusively toward LPG production in the interest of national energy security amid Middle East geopolitical disruptions. Propylene is the indispensable feedstock for MPL's Propylene Oxide and related petrochemicals manufacturing. Plant-2 is currently running on available feedstock inventory. MPL has classified this as a force majeure event entirely beyond its control, and the financial impact is currently unestimable.
This is a severe negative development for shareholders — a government-mandated feedstock stoppage halts MPL's primary manufacturing operations, which could materially hit revenue and profitability until propylene supply resumes. The stock is likely to face significant pressure given the uncertainty around the duration of the MoPNG directive.