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News India Live, Digital Desk: For the last few days, it was being claimed in social media and many unconfirmed news that due to the ongoing war between the Middle East (US-Israel and Iran) the supply of crude oil has been disrupted, due to which the work of Mangalore Refinery and Petrochemicals Limited (MRPL) has come to a standstill. On Saturday (7 March 2026), the company has issued an official statement rejecting all these claims outright.

Is the refinery really closed? Company’s official response

MRPL has clarified that the reports of closure of some parts or units of the refinery are completely false. factual and incorrect Are. According to the company, the refinery is operating normally at full capacity. The company has completely denied the news spreading panic in which it was said that production has been stopped due to shortage of crude oil.

‘Backup’ of crude oil ready: no need to panic

Despite the ongoing geopolitical crisis in the Middle East, MRPL has assured that they have sufficient crude oil stocks to continue fuel production. The company had made arrangements for crude oil in advance so that any disruption in the international supply chain does not affect the domestic market.

What will be the impact on the stock market and investors?

Amidst this controversy and rumours, investors are also keeping an eye on MRPL shares.

Emergency Statement: The company has also informed the stock exchanges (BSE/NSE) to avoid instability in the market due to rumours.

Good news of dividend: Recently MRPL announced an offer of ₹4 per share to its investors. Interim Dividend Has declared. The company has said that this dividend will be paid before April 2, 2026.

Record date: The record date for receiving the dividend has been fixed as March 11, 2026.

Why was the rumor spread?

In fact, around March 5, some reports had claimed that oil tankers coming to India were stuck due to tension in the Strait of Hormuz. After this, speculations began that the refinery may have to close its units. However, government sources and MRPL management have now made it clear that the situation is completely under control.