Chennai Petroleum

Chennai Petroleum Corporation Limited (CPCL) expands its Manali refinery capacity to **280,000 barrels per day**, a **33% increase** from existing levels. The upgrade is outlined in CPCL’s **2025/2026 annual report**, reflecting its push to enhance refining output. The refinery serves as a key asset for Indian Oil’s downstream operations.

Aug 2026OilPrice.comNews article

Chennai Petroleum Corporation reports a consolidated net profit of **Rs 1031.35 crore** for the quarter ended June 2026, reversing a net loss of **Rs 40.10 crore** in the same period the prior year. The company’s financial turnaround reflects improved profitability in its core operations during the fiscal period.

Jul 2026Business StandardNews article

Chennai Petroleum Corporation Ltd (CPCL) receives **Navratna status**, granting it expanded financial and operational independence. The Union Finance Minister approves the upgrade, making CPCL the **28th Indian public sector enterprise** to achieve this designation. As a subsidiary of **IndianOil**, CPCL operates with significant refining capacity and a broad energy product portfolio.

Jun 2026The Economic TimesNews article

CPCL is expanding its Manali refinery to maintain high capacity utilization and enhance financial performance. The company also aims to enter retail fuel marketing through this initiative. The move follows efforts to optimize operations and diversify revenue streams.

Jul 2025The Hindu BusinessLineNews article