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Chennai Petroleum Corporation Ltd. Q3FY23 Net Profit Rises 14.7% to Rs 712.01 Crore
Chennai Petroleum Corporation Ltd. (CPCL) reported a 14.7% increase in its net profit to Rs 712.01 crore for the quarter ended December 2022 (Q3FY23), as compared to Rs 619.81 crore in the corresponding quarter of the previous fiscal year (Q3FY22).
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Chennai Petroleum Corporation Ltd. to Invest Rs 2,500 Crore in Cuddalore Plant
Chennai Petroleum Corporation Ltd. (CPCL) has announced plans to invest Rs 2,500 crore in its Cuddalore plant to enhance its refining capacity and produce cleaner fuels. The expansion project is expected to be completed by 2026.
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Chennai Petroleum Corporation Ltd. Signs Agreement with Indian Oil Corporation for Biofuel Production
Chennai Petroleum Corporation Ltd. (CPCL) has signed an agreement with Indian Oil Corporation Ltd. (IOCL) to produce biofuels at its Manali refinery. The partnership aims to reduce India's dependence on imported fossil fuels and promote sustainable energy practices.
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ONGC to acquire CPCL's 19.36% stake in MRPL for $593 mn
ONGC will acquire CPCL's 19.36 per cent stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) for $593 million, a move that will give the state-run explorer a direct presence in the country's southwest coast.
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CPCL to invest Rs 1,500 crore on renewable energy projects
Chennai Petroleum Corporation Ltd (CPCL) plans to invest Rs 1,500 crore on renewable energy projects over the next five years as part of its commitment to sustainability.
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CPCL's net profit up 30% to Rs 723 crore in Q1FY23
Chennai Petroleum Corporation Ltd (CPCL) on Tuesday reported a 30 per cent increase in its net profit to Rs 723 crore for the first quarter ended June 30, 2023, mainly on the back of higher refining margins.
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Chennai Petroleum Corporation Ltd. reports record production and sales in Q3
Chennai Petroleum Corporation Ltd. (CPCL), a subsidiary of Indian Oil Corporation Ltd. (IOCL), has reported record production and sales in the third quarter of the current financial year (Q3 FY23).
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Chennai Petroleum Corporation Ltd. to invest Rs. 5,000 crore in Tamil Nadu
Chennai Petroleum Corporation Ltd. (CPCL) plans to invest Rs. 5,000 crore in Tamil Nadu over the next five years to expand its refining capacity and set up new petrochemical units.
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Chennai Petroleum Corporation Ltd. launches new petrol pump in Chennai
Chennai Petroleum Corporation Ltd. (CPCL) has launched a new petrol pump in Chennai. The new petrol pump is located at Anna Salai and is the first of its kind in the city.