REPUBLIC DAY CELEBRATED AT CPCL

 

 

Republic Day was celebrated with enthusiasm at Chennai Petroleum Corporation Limited’s (CPCL) Manali Refinery Complex this morning (26.01.2008). Mr.K.K.Acharya, Managing Director, CPCL, unfurled the National Flag and took the salute at an impressive parade by the Central Industrial Security Force (CISF) contingent stationed at CPCL.

Speaking on the occasion, Mr.Acharya recalled the innumerable sacrifices of our forefathers in the struggle for an Independent India. He announced that CPCL recorded an impressive performance in Q3 of current financial year, achieving a profit of 225 crores. The Managing Director said that work on refining capacity expansion by 1 MMTPA and augmentation of reformer capacity for additional petrol production are progressing well and will be completed by mid 2009. Work on Quality Upgradation of Auto Fuels to Euro IV Standards has also commenced and Resid Upgradation Project is under design stage. CPCL will spend about Rs.6,000 crore on these projects. Further he stated that CPCL is also working on proposals like Propylene Capacity Expansion project. These projects would enhance bottom line and ensure that CPCL meets the stringent environment norms.

Senior executives of CPCL and a large number of employees along with their family members participated in the celebrations. Service Awards/Suggestion awards/Meritorious awards for employees’ children were presented on the occasion.

Earlier, Mr.Acharya hoisted the National Flag at CPCL’s Corporate Office at Teynampet.

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