Question
Download Solution PDFThe abbreviation “CPCL” is associated with the petroleum industry in India. Expand “CPCL”:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Chennai Petroleum Corporation Limited.
Key Points:
- Madras Refineries Limited (MRL) was renamed Chennai Petroleum Corporation Limited (CPCL), is a division of Indian Oil Corporation Limited, which is owned by the Ministry of Petroleum and Natural Gas of the Government of India.
- Its main office is in Chennai, India.
- It was established as a joint venture in 1965 with participation from the Government of India (GOI), AMOCO, and National Iranian Oil Corporation (NIOC), in the proportions of 74%: 13%: 13%.
- With no time or cost overruns, the CPCL Refinery was built from the ground up with an installed capacity of 2.5 million tonnes per year in a record-breaking 27 months for a cost of 430 million (US$5.4 million).
Additional Information:
- In Manali, CPCL serves as a mother industry by providing feedstocks to other companies.
- Through IOCL, CPCL's products are promoted.
- With the exception of naphtha, fuel oil, and lubricants, which are partially exported, CPCL's products are primarily used domestically.
- By constructing a wind farm, sewage reclamation facilities, and sea water desalination plants, CPCL has also made ground-breaking contributions to the fields of energy and water conservation.
- CPCL's consolidated net profit for the entire fiscal year 2021–2022 (FY22) was Rs 1,352 crore.
- For FY 2021–2022, total revenue was Rs 60,074 crore.
Last updated on Jun 13, 2025
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