Chennai Petroleum Corporation Ltd (CPCL) has recorded a commendable financial performance for the financial year 2023. This can be attributed to factors such as improved capacity utilization, the addition of Russian crude to its portfolio, higher sales of value-added products, and cost savings in energy usage. Q4 Results – QoQ Chennai Petroleum Corporation Limited (CPCL) … Read more
Chennai Petroleum Corporation (CPCL), Indian Oil Corporation Limited (IOCL) and seed equity partners have signed a Joint Venture Agreement for thé upcoming grass root 9 MMTPA Refinery and Petrochemicals Project at Nagapattinam in Tamilnadu, informed on Friday. IndianOil and CPCL will together hold 50% of Equity Stake (25% each) in the Joint Venture Company (JVC) … Read more
Chennai Petroleum Corporation Limited (CPCL) has proposed the implementation of the 9 million tons per annum Refinery Project in Cauvery Basin Refinery (Nagapattinam, Tamil Nadu), to the Board of Indian Oil Corporation Limited (IOCL). To implement this plan, CPCL’s Board of directors proposed a joint venture with IOCL, at an anticipated cost of Rs 28,983 … Read more