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Chennai Petroleum Corporation Ltd enjoys ‘Navratna’ Status

Chennai Petroleum Corporation Ltd enjoys ‘Navratna’ Status
The Government of India has granted a Navratna status to Chennai Petroleum Corporation Limited (CPCL).

The CPCL under the leadership of H Shankar as Managing Director meets the present eligibility criteria for grant of Navratna Status. The present score against the 6 financial indicators is 80 out of 60 and CPCL has received 4 excellent and 1 very good MoU ratings.

Chennai Petroleum Corporation Limited (CPCL), one of the leading group companies of Indian Oil’s, was conceived in the 1960s as a 2.5 million metric tonnes per annum (MMTPA) refinery designed to produce fuels and lubes base stock. At CPCL, the past five decades have been an eventful, growth-oriented phase as the CPCL family built the organisation to reach the present stature of 10.5 MMTPA capacity.

Today, CPCL stands tall among the public-sector refining companies in India, with one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. It also pioneered key initiatives in several areas such as process optimisation, technology absorption, energy conservation, waste land reclamation and environment management.
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