Chennai Petroleum Corporation
Native name | CPCL |
|---|---|
| Formerly | Madras Refineries Limited |
| Company type | Subsidiary |
| BSE: 500110 NSE: CHENNPETRO | |
| ISIN | INE178A01016 |
| Industry | Oil and gas |
| Founded | 18 November 1965 |
| Headquarters | , |
Key people |
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| Products | |
| Revenue | ₹60,474 crore (US$7.2 billion) (2022) |
| ₹1,825 crore (US$220 million) (2022) | |
| ₹1,336 crore (US$160 million) (2022) | |
| Total assets | ₹17,595 crore (US$2.1 billion) (2022) |
| Total equity | ₹2,986 crore (US$350 million) (2022) |
Number of employees | 1,684 (2020) |
| Parent | Indian Oil Corporation Limited |
| Website | www |
Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited which is under the ownership of Ministry of Petroleum and Natural Gas of the Government of India. It is headquartered in Chennai, India. It was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74%: 13%: 13% respectively. From the grassroots stage CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of ₹430 million (US$5.1 million) without any time or cost overrun.