A brief write up on the Company.

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 31.12.2019 is as under:

Power and Duties

Powers and duties of its officers and employees (workmen)

The powers of the officials are defined at all levels. The duties of the officials and the employees are assigned from time to time.

Power and Duties

Procedure followed in the decision making process, including channels of supervision and accountability

Process of decision making Identify key decision making points:-

Overall management of the Company is vested with the Board of Directors of the Company. The Board of Directors is the highest decision making body within the Company.

The day-to-day management of the Company is entrusted on the Managing Director and the Functional Directors and Senior management personnel of the Company.

The Board of Directors has delegated powers to the Managing Director, Functional Directors, who have in turn delegated powers to the Executives of the Company through Delegation of Authority.

The Managing Director, Functional Directors and other Senior management personnel exercise their decision-making powers as per this delegation of authority along with financial limits and guided by various department manuals.

Organization Chart
The Organogram of the Company is given in Annexure-I.(01/03/2020)

Channels of supervision and accountability in respect of each level:-

The channels of supervision are broadly classified into three levels for Officers, namely, Top Management (consisting of CGMs and functional Directors), Middle Management (consisting of Senior Managers upto General Managers), Junior Management (consisting of Grade A/B/C Officers) and Workmen cadre, consisting of workmen in Ten Grades, namely, PF, PG, P1, P2, P3, P4, P5, P6, P7 and P8.

Norms

Norms set by it for the discharge of its functions

Each Department of the Company, while discharging its function, is guided by Departmental Manuals, which are periodically reviewed and updated.

Rules

Rules, regulations, instructions, manuals and records, held by the company or under its control or used by its employees for discharging its functions

The Memorandum and Articles of Association provide the overall framework of the rules and regulations to be followed by the Company.

Each Department of the Company, while discharging its function, is guided by Departmental Manuals, which are periodically reviewed and updated. In addition to that, the conduct of the employees is regulated by the Standing Orders for Workmen and Conduct, Discipline and Appeal Rules for the Officers of the Company.

The Company issues administrative instructions from time to time for facilitating discharge of its functions in a systematic manner.

Click here to view “Information Manuals”

Click here to view “Transfer Policy”

Click here to view “Transfer Orders”

Categories Control

A statement of the categories of documents that are held by the company or under its control

The company holds the commercial and technical documents relating to the business operations of the company in the form of files,registers and /or electronic formats , as per the company’s requirements from time to time.

Categories Control

Particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof

Members of the Public can represent any of their views/grievance relating to Company’s policies and implementation thereof through e-mail, the details of which have been spelt out in the website of the Company at www.cpcl.co.in. As and when any grievance is received through the e-mail or in the form of correspondence, such representation/grievance are examined and the replies are sent promptly.

For tendering parties, a mechanism has been provided for redressal of grievances. The details have been displayed in the Company’s website at Grievances.

Committees

A statement of the Boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advise, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public

CPCL has constituted many Committees to provide directions/guidelines with reference to the day-to-day operations of the Company. The meetings of these Committees are neither open to public nor the minutes are accessible to the Public.

Employee list