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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 30/09/2019 is as under:
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 five years is tabulated below:

PHYSICAL PERFORMANCE:
Particulars 2014-15 2015-16 2016-17 2017-18 2018-19
Crude throughput, TMT 10782 9644 10256 10789 10695
Distillate yield, % 72.1 72.5 72.6 73.2 74.4
Energy Index (MBN) 92.5 95.1 92.5 88.6 83.7


FINANCIAL PERFORMANCE:

Rs. (Crore)

Particulars 2014-15 2015-16 2016-17 2017-18 2018-19
Gross Turnover 47878 34953 40586 44135 52177
Profit before Tax -742 787 1365 1458 (298)
Profit after Tax -39 771 1030 913 (213)
Contribution to exchequer 6723 9326 13706 13289 12417


 

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