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Chennai Petroleum Corporation Limited is in the business of refining crude oil to produce & supply various petroleum products and manufacture and sale of lubricating oil additives.
Company faces environmental compensation of ₹73.68 Cr for an oil spill, with ₹19.12 Cr provided as a bank guarantee. Significant R&D/Capex targets green tech like solar, biofuels, and a new Lube Oil project for import substitution, boosting efficiency and reducing emissions.
Chennai Petroleum launched a 100-day 'Saksham Niveshak' drive. The company is helping shareholders with unpaid/unclaimed dividends to update KYC details and claim dues via its website.
Chennai Petroleum Corporation (CPCL) reported significant environmental performance improvements for FY25, including reduced energy and water consumption, and lower Scope 1 & 2 GHG emissions. Key initiatives like producing Sustainable Aviation Fuel and extensive RLNG utilization drove emission cuts. The company maintained a strong zero-incident safety record. However, CPCL faces...
The company has called its 59th Annual General Meeting to approve audited financial results for the past fiscal year. Shareholders will consider a preference dividend of ₹0.665 per share (total ₹33.25 Cr) and an equity dividend of ₹5 per share. Key leadership changes include the proposed appointments of Mr. Arvinder...
Chennai Petro has set its 59th Annual General Meeting for August 25th via virtual mode. Shareholders will vote on key items, including a proposed equity dividend of Rs. 5.00 per share for FY24-25. The Record Date for dividend eligibility is August 1st. Investors should note the e-voting cut-off date for...