Chennai Petroleum Corporation Limited is an Indian state-owned oil & gas corporation started on 18th November 1965. It is headquartered in Chennai. It was formerly known as Madras Refineries It was established as a joint venture in 1965 between the AMOCO, Government of India, & National Iranian Oil Company.
Chennai Petro is in the Refineries sector. It is refining crude oil to generate & supply several petroleum products manufacture & sale of lubricating oil additives. The holding company Indian Oil Corporation Limited markets most fuel products developed by Chennai Petroleum Corporation Limited.
It has 2 refineries with a combined refining capacity of 10.5 Million Tons annually. Its 1st refinery is Manali Refinery with Petrochemical feedstocks production facilities & Fuel Lube Wax. Its 2nd refinery is situated at Cauvery Basin. Its primary products are Superior Kerosene, LPG Motor Spirit, Aviation Turbine Fuel, High-Speed Diesel Naphtha Bitumen, Lube Base Stocks, Fuel Oil Hexane, Paraffin Wax, and Chennai Petroleum share price and stock analysis.MERGERS AND ACQUISITIONS
When there is a plan for the merger of oil companies from the Finance Minister, the oil major IOC has plans to consolidate its subsidiary Chennai Petroleum Corporation Ltd.SERVICES
Business Refineries: Chennai Petroleum Corporation Limited is the largest refinery in South India. The refinery was created to hold heavy crudes & to generate Lube oil-based stocks along with fuel products.
Business marketing: It generates several petro & speciality products which are utilised by various industries such as power, fertilisers, airways requirement of transportation fuel.
Business R & D: It has set up an in-house R & D centre that offers technological inputs to meet the corporate purpose of technical excellence in all aspects of refinery operations.
Won the highest taxpayer award
Won OGCF award for boiler/furnace efficiency by centre for high technology
Got export excellence award under the category of the top exporter in the southern region
Got Best enterprise award by WIPS
Got Safecon best safety practices award for CBR
Got silver rating for Green building standards
Won Golden peacock award under the silver category for petroleum division
In 2013-2014: CPCL's Manali Refinery has obtained the highest ever throughput of 10065 TMT.
In 2005: CPCL & Indian Oil Corporation made a deal to give project consultancy on a crude pipeline.
In 2003: The Chennai Port Trust had signed an agreement with the company to launch a Tier I Oil Spill Response facility at the Chennai port.
In 2000: It had set up crumb rubber modified bitumen for allocating high-quality & cost-effective roads.
In 1998: It has signed a memorandum of understanding with Indian Oil Corporation Ltd to work together on projects of mutual benefit and a refinery project in Southern India.
In 1997: It received clearance from the Govt. to enlarge the capacity at Manali by another three million tonnes annually.
In 1995: Its new boiler for co-generation of 130 T/HR volumes to meet the growing stream load was authorised.
In 1992: It authorised its Hexane Plant with a production capacity of 25000 Metric mass annually & also approved a Sewage Water Treatment Plant with a total of 2.5 MGD.
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