Page 2 - Chennai Petroleum Corporation

Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

MRPL, Chennai Petroleum soar up to 19% on strong business outlook

The rise in the Singapore gross refining margin (GRM) to a record high of $25.2 a barrel bodes well for Indian refiners as they process raw crude into refined products.

CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings

In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.

CPCL surges 16% in two days on strong Q4 results; Dolly Khanna buys stake

On Thursday, April 28, 2022, investor Dolly Khanna bought 1 million equity shares representing 0.67 per cent stake in Chennia Petroleum at Rs 263.15 per share on the NSE.

Chennai Petroleum freezes in 20% upper circuit on healthy Q2 results

The average gross refining margins (GRM) were healthy mainly due to favourable increase in prices of crude and products

Chennai Petroleum Q2 profit at Rs 290.58 cr versus loss a year ago

Revenue drops to Rs 9,732.90 cr from Rs 12,191.97 cr; firm says demand for fuel products was lower during the current half year due to Covid related lockdown

EAC reviews Chennai Petroleum Corp's 9.0 MMTPA project in Tamil Nadu

The project would be an integrated state-of-the art modern refinery cum petrochemical complex, including a propylene unit to start with, Vaidya said

Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade

CPCL has undertaken a project to use natural gas as an internal fuel, replacing the existing liquid material such as fuel oil and naphtha, at an estimated cost of Rs 421 cr

Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL

Lower demand for crude oil and petroleum products had impacted the prices and refining margins of the company

CPCL plans 9 MMTPA expansion at Cauvery Basin Refinery on JV basis

IOCL and CPCL to jointly hold 50% stake in JV, rest to come from financial, strategic and public investors

Indian Oil Corporation's gas pipelines to be part of proposed GAIL arm

Cabinet to take a call soon; IOC product pipeline not to be part of new arm

Chennai Petroleum dips on disappointing Q4 results

The stock was down 5% at Rs 396 on BSE as compared to 0.41% rise in Sensex at 11:18 am

Chennai Petroleum up over 10% in two trading sessions

The stock rallied 6.5% to Rs 261, extending Wednesday's 5% gain on BSE.

CPCL says company is out of reporting to BIFR

Networth of the company (standalone) improved from Rs 1,655.08 crore as on March 31, 2015 to Rs 3,296.67 crore on March 31, 2016

Net worth doubles, no need to report to BIFR: Chennai Petroleum

Standalone net worth as on March 31, 2016 has improved to Rs 3,297 crore