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Company profile
(CIN:L40101TN1965GOI005389/PAN:AAACM4392C/TAN:CHEC04961F/GST:33AAACM4392C1ZU)

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) having a shareholding in the ratio 74%: 13%: 13% respectively.

In 1985AMOCO disinvested in favour of GOI and the shareholding percentage of GOI and NIOC stood revised at 84.62% and 15.38% respectively. Later GOI disinvested 16.92% of the paid up capital in favour of UTI, Mutual Funds Insurance Companies and Banks in May 1992, thereby reducing its holding to 67.7%. The Public Issue of CPCL shares at a premium of Rs.70 (Rs.90/- to FIIs) in 1994 was over-subscribed to an extent of 38 times and added a large shareholder base.

As a part of the restructuring steps taken up by the Government of India, Indian Oil acquired entire equity of GOI , in March 2001. In July 2003, NIOC transferred their entire shareholding to Naftiran Intertrade Co Ltd , an affiliate, in line with the Formation Agreement. Currently IOC holds 51.89%, while NICO holds 15.40% and the balance 32.71% is held by others.

Shareholding pattern as on 31st August, 2018 is as under:
DESCRIPTION TOTAL %TO SHARES
Indian Oil Corporation Limited 77265200 51.89
Naftiran Inter-trade Co. Ltd. 22932900 15.40
Public (including Employees) 14035312 09.43
NBFC 5212 00.00
Bodies Corporate 2051447 01.38
Banks, FIs and Insurance Companies 8356111 05.61
Mutual Funds and UTI 10367191 06.96
Foreign Institutional Investors 2900 00.00
IEPF 303281 00.20
Non-Resident Indians/OCBs/Foreign Portfolio Investors
/Non-Resident Indians (Non Repatriable)/Foreign Nationals
13591846 09.13
Total 148911400 100.00



CPCL has two refineries with a combined refining capacity of 11.5 MMTPA. The Manali Refinery has a capacity of 10.5 MMTPA and is one of the complex refineries in the country with Fuel, Lube, Wax and Petrochemical feedstocks production facilities. CPCL's second refinery is located in Nagapattinam at Cauvery Basin (CBR). This unit was set up with a capacity of 0.5 MMTPA in 1993 which was later enhanced to 1.0 MMTPA.

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. CPCL also supplies Linear Alkyl Benzene Feedstock (LABFS) to a downstream unit for manufacture of Linear Alkyl Benzene.

Pioneering efforts of CPCL:
CPCL had implemented the following projects that were unique and first of its kind in the oil industry:
 Distributed Digital Control System (DDCS)
 Advanced Control and Optimisation Techniques
 City Sewage Reclamation Plant
 Zero Discharge Plant
 RO Rejects Recovery Project
 Sea Water Desalination Project
 Renewable Energy Initiatives - Windmill Farm

3.0 PHYSICAL AND FINANCIAL PERFORMANCE:
The physical and financial performance of the Company during the last four years is tabulated below:

PHYSICAL PERFORMANCE:
Particulars 2013-14 2014-15 2015-16 2016-17 2017-18
Crude throughput, TMT 10624 10782 9644 10256 10789
Distillate yield, % 71.4 72.1 72.5 72.6 73.2
Energy Index (MBN) 92.7 92.5 95.1 92.5 88.6


FINANCIAL PERFORMANCE:

Rs. (Crore)

Particulars 2013-14 2014-15 2015-16 2016-17 2017-18
Gross Turnover 53924 47878 34953 40586 44135
Profit before Tax -331 -742 787 1365 1458
Profit after Tax -304 -39 771 1030 913
Contribution to exchequer 5395 6723 9326 13706 13285


 

 
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