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Latest news about Chennai Petroleum Corporation

Chennai Petroleum Corporation Limited Announces Cessation of Two Independent Directors Upon Tenure Completion 2 days ago

Chennai Petroleum Corporation Limited announced the cessation of two Independent Directors, Mr. Ravi Kumar Rungta (DIN: 00993270) and Dr. C.K.Shivanna (DIN: 09398521), effective March 28, 2026. Both directors completed their tenure and ceased to be Independent Directors from the closure of business hours on March 28, 2026. The disclosure was made in compliance with SEBI listing regulations.

Chennai Petroleum Corporation Appoints Cost Auditor for Financial Year 2026-27 4 days ago

CPCL Board Approves ₹8 Interim Dividend with April 2 Record Date 4 days ago

Chennai Petroleum Corporation Limited Announces Trading Window Closure for Quarter and Year Ended March 31, 2026 10 days ago

Chennai Petroleum Corporation Opens Special Window for Physical Share Transfer Re-lodgement Mar 19, 2026

More news about Chennai Petroleum Corporation

18Mar 26

Chennai Petroleum Corporation Limited Receives AAA Credit Rating from CRISIL for Bank Facilities Worth Rs. 7,800 Crore

Chennai Petroleum Corporation Limited has received updated credit ratings from CRISIL, maintaining AAA ratings with stable outlook for fund-based facilities totaling Rs. 7,800 crore across multiple banks. Commercial papers worth Rs. 7,500 crore have been rated A1+ by CRISIL and ICRA. The rating update complies with RBI requirements with no changes from the previous November 2025 rationale.

24Jan 26

Chennai Petroleum Corporation Reports Strong Q3FY26 Results with Net Profit of ₹987.22 Crore

Chennai Petroleum Corporation Limited reported exceptional Q3FY26 results with standalone net profit of ₹987.22 crore versus ₹10.46 crore in Q3FY25. Nine-month net profit reached ₹1,662.15 crore compared to a loss of ₹276.43 crore in the previous year. Revenue from operations grew 23.94% to ₹19,438.39 crore in Q3FY26. The company's average gross refining margin improved significantly to US$ 7.72 per barrel for April-December 2025 from US$ 3.40 per barrel in the corresponding period last year, driving the strong financial performance.

05Jan 26

Chennai Petroleum Corporation Appoints S.G. Venkatesh as Director (Technical) Effective January 5, 2026

Chennai Petroleum Corporation Limited appointed Shri S.G. Venkatesh as Director (Technical) effective January 5, 2026, following MoPNG approval. The new director brings 31 years of experience in petroleum refining and petrochemicals from his role as Executive Director at IOCL. He holds a Chemical Engineering degree from University of Kerala and possesses expertise in advanced simulation software and process optimization.

28Oct 25

Chennai Petroleum Corporation Addresses Share Volume Surge, Cites Market Factors

Chennai Petroleum Corporation Limited (CPCL) responded to stock exchange inquiries about increased share trading volume, stating compliance with SEBI regulations and no undisclosed price-sensitive information. The company attributed the volume movement to market factors. CPCL reported significant improvements in Q2 FY2025-26, including a 114% capacity utilization, revenue increase to ₹20,034 crore, and a profit after tax of ₹732 crore, compared to a loss in the previous year. The company achieved its best-ever distillate yield of about 80% and improved its Gross Refining Margin to $9.04/barrel.

04Aug 25

CPCL Reports Q1 Loss, MD Assures Russian Oil Import Curbs Won't Impact Operations

Chennai Petroleum Corporation (CPCL) reported a net loss of Rs 40.00 crore in Q1, compared to a net profit of Rs 484.00 crore in the same quarter last year. Revenue declined by 8% to Rs 18,683.00 crore. Managing Director H Shankar assured that potential Russian oil import restrictions would not affect operations, as crude requirements are secured through mid-September. CPCL's procurement strategy involves placing orders two months in advance, with Indian Oil handling sourcing. The company faced challenges due to crude price fluctuations between $60-78 per barrel and inventory stock deviations. Despite financial setbacks, sales volume decreased marginally by 13.35%, and expenses were reduced by 10.45% year-over-year.

25Jul 25

Chennai Petroleum Reports Q1 Net Loss of 566.2 Million Rupees Amid Revenue Decline

Chennai Petroleum Corporation Limited (CPCL) reported a net loss of 566.2 million rupees in Q1, contrasting with a 4.5 billion rupee profit in the previous quarter. Revenue decreased to 186.83 billion rupees from 205.81 billion rupees. The company's EBITDA fell by 86.47% to 107.85 crore rupees. Crude throughput slightly increased to 2.981 MMT. The Average Gross Refining Margin dropped to US$ 3.22 per barrel from US$ 6.33 in the same period last year.

04Jun 25

Chennai Petroleum Corporation Ltd to Invest ₹400 Crore in Retail Fuel Business Expansion

Chennai Petroleum Corporation Ltd (CPCL) plans to re-enter the direct fuel retail segment with a ₹400 crore investment over 2-3 years. The company will set up new petrol and diesel retail outlets across India, with the first phase launching during CPCL's Diamond Jubilee year. This Ministry of Petroleum and Natural Gas-approved initiative aims to address growing fuel demand, strengthen market presence, and achieve vertical integration in the petroleum value chain.

03Jun 25

Chennai Petroleum Corporation to Enter Retail Fuel Market with Rs 400 Crore Investment

Chennai Petroleum Corporation Ltd (CPCL) plans to enter the retail fuel sector by establishing its own network of fuel outlets across India. The company has allocated Rs 400 crore for this capital expansion project, to be implemented over the next 2-3 years. CPCL aims to launch its first retail outlets during its Diamond Jubilee year, with gradual expansion based on market conditions. This move marks a strategic shift for the refining company and could potentially increase competition in the retail fuel segment.

27May 25

Chennai Petroleum Corporation Secures Retail Marketing Rights for Fuel

Chennai Petroleum Corporation Limited (CPCL) has received approval from the Ministry of Petroleum & Natural Gas to exercise retail marketing rights for Motor Spirit (MS) and High Speed Diesel (HSD). This strategic move allows CPCL to directly market petrol and diesel, potentially diversifying its revenue streams and expanding its presence in the downstream segment of the oil and gas industry. The approval enables CPCL to build its brand directly with consumers and achieve better vertical integration of its operations.

05May 25

Chennai Petroleum Q4 Performance: GRM Dips, Profit Surges Amid Inventory Gains

Chennai Petroleum Corporation Limited (CPCL) reported a significant increase in Q4 FY2024-25 financials. Net profit soared 2,159.13% to ₹469.90 crore, while revenue rose 33.55% to ₹17,281.40 crore. The company's Gross Refining Margin (GRM) declined to $6.22 per barrel from $7.70 year-on-year, but an inventory gain of ₹125.00 crore boosted profitability. CPCL plans to roll out sustainable aviation fuel and has scheduled maintenance for a crude unit. The company continues to diversify its crude sourcing strategy.

02May 25

Chennai Petroleum Reports ₹125 Crore Inventory Gain in Q4, Explores Diverse Crude Sources

Chennai Petroleum Corporation Limited (CPCL) reported an inventory gain of ₹125.00 crore in Q4, but saw a decline in gross refining margin from $7.70 to $6.22 per barrel year-over-year. The company is diversifying its crude oil sourcing, including Basra crude in its long-term portfolio and receiving favorable offers for US and African crudes. CPCL plans maintenance for one of its crude units this year and anticipates an early rollout of sustainable aviation fuel, positioning itself in the sustainable fuels market.

25Apr 25

Chennai Petroleum Corp Reports 34% Q4 Revenue Jump, Announces Dividend

Chennai Petroleum Corporation Ltd (CPCL) reported a significant financial improvement in Q4, with revenue increasing by 33.50% to ₹17,249.00 crore. The EBITDA margin rose to 4.60% from 1.90% in the previous quarter. The company announced a final dividend of ₹5.00 per share for FY 2024-2025.

21Mar 25

Chennai Petroleum Gains Interim Relief in ₹73.68 Crore Environmental Compensation Case

The National Green Tribunal (NGT) has issued an interim stay on the Tamil Nadu Pollution Control Board's (TNPCB) order demanding ₹73.68 crore from Chennai Petroleum Corporation Limited (CPCL) as environmental compensation. CPCL must deposit 50% (₹36.84 crore) within four weeks or provide a bank guarantee for half of that amount. The dispute stems from a December 2023 oil spill incident during Cyclone Michaung. CPCL plans to contest both the IITM report and TNPCB's compensation recommendation.

20Mar 25

Chennai Petroleum Secures Interim Stay on TNPCB's 736.8 Million Rupee Demand

Chennai Petroleum Corporation Limited (CPCL) has received an interim stay from the National Green Tribunal (NGT) on a ₹736.80 million environmental compensation order by the Tamil Nadu Pollution Control Board (TNPCB). The stay, issued on March 19, 2025, requires CPCL to deposit 50% (₹382.40 million) within four weeks, with an option to provide a bank guarantee for half of this amount. The case stems from an oil spill incident in December 2023 during Cyclone Michaung flooding. CPCL is examining the order and will take appropriate action, stating no current impact on operations.