683.10 11.55(1.72%)
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Chennai Petroleum Corporation Limited (CPCL) is in the business of refining crude oil to produce & supply various petroleum products, manufacture and sale of lubricating oil additives. Indian Oil Corporation Limited, the holding company, markets a majority of the fuel products produced by CPCL. Chennai Petroleum Corporation Limited was erstwhile incorporated on 18th November, 1965 as 'Madras Refineries Limited'. It was formed as a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74%: 13%: 13% respectively. The Company changed its name to Chennai Petroleum Corporation Limited (CPCL) with effect from 6 April, 2000.CPCL has two refineries with a combined refining capacity of 10.5 Million Tonnes Per Annum (MMTPA). The Manali Refinery has a capacity of 9.5 MMTPA and is one of the most complex refineries in India with Fuel, Lube, Wax and Petrochemical feedstocks production facilities. CPCL's second refinery is located at Cauvery Basin with 1.0 MMTPA at Nagapattinam. The main products of the company are LPG, Motor Spirit, Superior Kerosene, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Bitumen, Lube Base Stocks, Paraffin Wax, Fuel Oil, Hexane and Petrochemical feed stocks. In the year ...