Financial impact of fire accident estimated at ₹118.76 crore: MRPL

Mangalore Refinery and Petrochemicals Ltd. (MRPL) has informed stock exchanges (BSE and NSE) that the “financial impact” of the September 30 fire incident at its Coker Hydrotreater (CHT) Unit has been provisionally estimated at ₹118.76 crore.

In its notes to the standalone financial results for the second quarter of 2026-27, the company informed the stock exchanges that the fire incident occurred at the coker hydrotreater unit located in phase III of the refinery complex during the second quarter of 2026-27. “...Based on a preliminary assessment, the company has provisionally estimated the financial impact of the incident at ₹118.76 crore, comprising the estimated carrying value of the damaged property, plant and equipment, corresponding to an estimated replacement value of approximately ₹225 crore and losses relating to inventories and other incidental expenses...” the company said on Thursday.

The company said the affected assets are adequately insured by the company. The loss will be reviewed and recognised appropriately at subsequent reporting period and would be recognised in the financial statements upon fulfilment of the applicable recognition criteria.

The MPRL recorded a profit after tax (PAT) of ₹1,881 crore during the second quarter of 2026-27 against a PAT of ₹639 crore in the corresponding period of the previous fiscal, registering an increase of 194%.