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Manali Petrochemicals soars on resuming operations at both of its Plants

Manali Petrochemicals Ltd. | Chemicals | Chemicals & Fertilizers | BSE: 500268 | NSE: MANALIPETC

05 Jan 2016 Evaluate

Manali Petrochemicals is currently trading at Rs 32.00, up by 0.60 points or 1.91% from its previous closing of Rs. 31.40 on the BSE.

The scrip opened at Rs. 31.50 and has touched a high and low of Rs. 32.45 and Rs. 31.50 respectively. So far 140225 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 37.20 on 05-Aug-2015 and a 52 week low of Rs. 13.70 on 27-Mar-2015.

Last one week high and low of the scrip stood at Rs. 32.45 and Rs. 29.35 respectively. The current market cap of the company is Rs. 552.98 crore.

The promoters holding in the company stood at 44.82% while Institutions and Non-Institutions held 2.09% and 53.09% respectively.

Manali Petrochemicals has resumed operation at its Plant 1 and the production is being ramped up to the full levels. Production at Plant 2, which was being operated since the second week of December 2015 at a lower load with the available material has also been scaled up with resumption of Propylene supplies by CPCL to both the Plants.

In all, Plant 1 remained shut-down for 27 days and Plant 2 for 18 days. In order to minimize the impact of the closure, actions have been taken to scale up the production to the maximum extent possible in the coming months. The company has adequate Industrial All Risks cover including for loss of profits. The company’s production at both the Plants remained affected since December 02, 2015 due to flooding and the resultant power disruptions.

Manali Petrochemicals (MPL) is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols.

Manali Petro Share Price

55.18 0.39 (0.71%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
BASF India	3703.10
Tata Chemicals	709.05
SRF	2493.65
Pidilite Inds.	1393.25
Deepak Nitrite	1538.00
View more..

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Manali Petrochemicals soars on resuming operations at both of its Plants

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