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Chennai Petroleum Corporation Limited
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74%: 13%: 13% respectively. Originally ,CPCL Refinery was set up with an installed capacity of 2.5 Million Tonnes Per Annum (MMTPA) in a record time of 27 months at a cost of Rs. 43 crore without any time or cost over run. In 1985, AMOCO disinvested in favour of GOI and the shareholding percentage of GOI and NIOC stood revised at 84.62% and 15.38% respectively. Later GOI disinvested 16.92% of the paid up capital in favor of Unit Trust of India, Mutual Funds, Insurance Companies and Banks on 19 th May 1992, thereby reducing its holding to 67.7 %. The public issue of CPCL shares at a premium of Rs. 70 (Rs. 90 to FIIs) in 1994 was over subscribed to an extent of 38 times and added a large shareholder base. CPCL has two refineries with a combined refining capacity of 11.5 Million Tonnes Per Annum (MMTPA). The Manali Refinery has a capacity of 10.5 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 at Nagapattinam. This unit was set up in Nagapattinam with a capacity of 0.5 MMTPA in 1993 and later enhanced to 1.0 MMTPA.
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Contact Details
Office Address:Chennai Petroleum Corporation Limited
New No 536, Anna Salai
Teynampet
Chennai, TN, 600018
Phone : +91-44-24349519, 24349542
Fax : +91-44-24341753
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Manali Refinery:Chennai Petroleum Corporation Limited
Manali
Chennai, TN, 600068
Phone : +91-44-25944000 to 25944009
Fax : +91-44-25941047
Cauvery Basin Refinery:Chennai Petroleum Corporation Limited
Panangudi Village
Nagapattinam, TN, 611002
Fax : +91-4365-50784
Chennai Petroleum Corporation Limited:Chennai Petroleum Corporation Limited
New No.536, Anna Salai
Teynampet
Chennai, TN, 600018
Phone : +91-44-24349833, 24349610
Fax : +91-44-24341753
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