CHENNAI PETROLEUM CORPORATION : Debt reduction goal

https://youtube.com/shorts/d4bVJiIrfBk?si=2wiLHWrcDAVsuZQD


  • CHENNAI PETROLEUM CORPORATION : Debt reduction goal
  • 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). 
  • The present shareholders are IOCL, NICO, and others holding 51.89%,15.40%,32.71% shares respectively.
  • CPCL was conceived as a grass root refinery in 1969 with an installed refining capacity of 2.5 MMTPA. 
  • Today, CPCL is one of the largest refining corporation in South India, with an installed refining capacity of 10.5 MMTPA built.
  • 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 optimization, technology absorption, energy conversation, and environment management.
  • Outstanding Debt: 1585 Vs  2730
  • Debt Equity Ratio : 0.58 Vs  1.30 
  • PAT: 2217 Vs 2518 




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