Mangalore Refinery and Petrochemicals (MRPL) said the Phase-II and Phase-III units ofrefinery in Karnataka were receiving around 5.5 million gallons a day (mgd) water from Netravathi river. Water availability in the Netravathi river and its downstream dams started depleting from the end of March. As a result, the District authorities enforced reduction of water supply to MRPL to one third level and finally on Wednesday, 11 April 2012, completely stopped the intake of water from the Netravathi river, MRPL said in a statement.
As on date, reserve water availability in the refinery can meet the full load for one and half days. In order to overcome the situation and pulling on the resources for next couple of days till rain starts, it has been decided to shutdown the Phase III and Phase II units with immediate effect. The company will continue to watch the situation and initiate necessary action as deemed fit from time to time, MRPL said in a statement. There will be shortage of supply of products to MRPL fed locations. Further, the company may have to incur additional demurrage on account of delay in unloading crudes because of ullage problem and loading of products, MRPL said in a statement. On Thu, Apr 12, 2012 at 1:45 PM, Mihir Desai <[email protected]>wrote: > > Aviation stocks slipped after the FDI in aviation was not discussed today > and will be done next week. > > > > -- > CA Mihir Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
