Chennai Petroleum Corporation Limited (CPCL) has paid Rs.23.18
crore to Indian Oil Corporation Limited (IOCL), being the
interim dividend for 2005-06. A cheque for this amount was
presented to Mr.Sarthak Behuria, Chairman, IndianOil Group
Companies, by Mr.K.K.Acharya, Managing Director, CPCL, at
New Delhi on 23.02.2006 in the presence of Mr.S.V.Narasimhan,
Director (Finance), IOCL and Mr.N.C.Sridharan, Director (Finance),
CPCL. It may be noted that this is the first interim dividend
paid by CPCL.
The physical performance of CPCL during the first three quarters
of current fiscal year was impressive having processed 7.8
MMT of crude which is 24% higher than what was processed during
the same period last year. During 2005-06, CPCL is expected
to process 10.33 MMT of crude against 8.9 MMT processed during
the last financial year.
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