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) with an installed capacity of 2.5 Million Metric Tonnes Per Annum (MMTPA).
In 1985, AMOCO disinvested in favour of GOI. Subsequent disinvestments by GOI, and the Public Issue by CPCL in 1994, which was, oversubscribed a record 27 times; GOI reduced its stake to 51.88%. As a part of the restructuring steps taken up by the Government of India, IndianOil acquired equity from GOI in 2000-01 Currently IOC holds 51.88% and NIOC holds 15.40%. Subsequent to this, CPCL has become a group company of IndianOil.
CPCL has two refineries with a combined refining capacity of 10.5 Million Tonnes Per Annum (MMTPA). The Manali Refinery has a capacity of 9.5 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. The initial unit was set up in Nagapattinam with a capacity of 0.5 MMTPA in 1993 and later on its capacity was enhanced to 1.0 MMTPA. The commissioning of the 3 MMTPA expansion cum modernization project at Manali enabled CPCL to meet the auto fuel quality norms of Bharat Stage II&Euro III equivalent.
The main products of the company are LPG, Motor Spirit, Superior Kerosene, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Bitumen, Lube Base Stocks, Paraffin Wax, Fuel Oil,Hexane and Petrochemical feed stocks.
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