Mangalore Refinery Declares Force Majeure On Gasoline Exports

10 Mar 2026 CW Team

Mangalore Refinery and Petrochemicals Limited (MRPL) has declared force majeure on all gasoline export cargoes amid the Middle East conflict, two traders said on Wednesday. The traders said they received a notice from MRPL that invoked force majeure for gasoline exports scheduled in March and April, a legal clause permitting non?performance when circumstances are beyond control. The company did not immediately respond to an email request for comment, while a source within the company confirmed the action.

MRPL operates a 500,000-barrel-per-day refinery in Karnataka and is state-run. The refiner exports about 40 per cent of its refined fuel output, making the move significant for international shipments. The force majeure covers various contractual obligations for the specified months and is understood to affect scheduled loadings and commercial arrangements with trading partners.

Shipping through the Strait of Hormuz has been virtually halted after vessels were struck amid exchanges of strikes involving Iran, the United States and Israel, leaving energy trade flows in disarray. The strait carries around a one fifth of oil consumed globally, and disruptions have heightened concerns over supply security and freight patterns. Traders and refiners are reassessing logistics and routing as a result.

Indian refiners source about 40 per cent of their crude requirements from the Middle East while supplementing purchases from spot markets and processing domestic oil, prompting the government and industry to scout alternative supplies. Officials are exploring imports of crude oil, liquefied petroleum gas and liquefied natural gas from other producers. MRPL had said in January that it was assessing purchases of Venezuelan oil after halting Russian imports to comply with Western sanctions, and India holds crude inventories sufficient for about 25 days.

Real Estate

22 Apr 2026

Mahima Group sells out Ecovista Phase 1 in Jaipur

Mahima Group has sold out Phase 1 of its luxury residential project Ecovista in Jaipur within a quarter of launch, signalling strong end-user demand for premium, low-density housing in South Jaipur.The project, launched in January 2025, comprises 54 units in Phase 1 and has an estimated gross development value of Rs 2 billion. Located on Tonk Road, Ecovista offers 3 and 4 BHK residences, targeting buyers seeking upgraded lifestyles, connectivity, and design-led living environments.Spread across 11,700 sq m, the development allocates nearly 80 per cent to green and open spaces, with a pedestria..

METALTECH & AUTOMEX marks 30th year in Kuala Lumpur

METALTECH & AUTOMEX 2026 will return for its 30th anniversary from 20–23 May 2026 at the Malaysia International Trade and Exhibition Centre, positioning itself as a key platform for advanced manufacturing and automation technologies.The milestone edition will be held under the theme “Powering Industrial Excellence, Redefining Smart and Sustainable Manufacturing,” reflecting the industry’s shift towards intelligent automation, digital integration, and sustainability-led production.Over three decades, the exhibition has evolved from a conventional metalworking showcase into a compreh..

JSW One launches One Helix Pipes & Tubes brand

JSW One Platforms has launched One Helix Pipes & Tubes, expanding its private brand portfolio to address growing demand for steel pipes and tubes across construction and infrastructure segments.The new offering is aimed at MSMEs, individual house builders, contractors, fabricators, and EPC players, focusing on consistent quality, reliable supply, and transparent pricing—areas where the category remains fragmented.India’s steel pipes and tubes market, estimated at around 11 million tonnes annually, continues to be driven by infrastructure development, construction activity, and industri..