Mangalore Refinery and Petrochemicals (MRPL) said that the delayed coker unit (DCU) of 3.0 MMTPA, which is part of the refinery up-gradation cum expansion project, goes on stream on Apr. 03, 2014.

With this the fuel oil production will come down drastically with corresponding increase in high value products.

The stock had underperformed the market over the past one month till Apr. 02, 2014, falling 16.30% compared with the Sensex's 6.78% rise. It underperformed the market in past one quarter, declining 26.13% as against 7.96% rise in the Sensex.

Shares of the company declined Rs 0.55, or 1.16%, to trade at Rs 46.95. The total volume of shares traded was 48,365 at the BSE (12.33 p.m., Thursday).