Announced Mon, 20 Apr · 12:53 IST
Plant-1 Resumes Operations After Propylene Supply Allocation
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹55.24
prior close
₹55.34
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8-0.1+0.3+0.1+0.4-0.1-2.4-4.1-1.3-2.2+0.4+2.3+20.3+15.9
Up moveDown movePending
AI summary
Manali Petrochemicals will restart Plant-1 in Chennai from April 20, 2026, in a phased manner. The Department of Pharmaceuticals has allocated a fixed daily quantity of propylene to the company via CPCL, meeting pharma industry needs. Plant-1 was shut since March 12, 2026, after CPCL stopped propylene supply on MoPNG's directive. The Force Majeure condition is now resolved to the extent of this allocation. Plant-2 status remains unchanged.
Likely market impact
Positive - Force Majeure at Plant-1 resolved, enabling production resumption and revenue recovery for shareholders.