Chennai Petroleum Corporation Limited manufactures and sells lubricating oil additives in addition to refining crude oil to create and distribute a variety of petroleum products. In June 2000, the corporation changed its name from Madras Refineries Limited to Chennai Petroleum Corporation Limited. The corporation, which has its headquarters in Chennai, India, was founded in 1965. Indian Oil Corporation Limited is the parent company of Chennai Petroleum Corporation Limited.
Chennai Petroleum Corporation– Quick Overview
| Particular | Details |
| Company Name | Chennai Petroleum Corporation Limited (CPCL) |
| Former Name | Madras Refineries Limited (MRL) |
| Type | Public Sector Oil & Gas Company (Group company of Indian Oil Corporation) |
| Industry | Oil Refining & Petroleum Products |
| Founded / Incorporated | 18 November 1965 |
| Headquarters | Chennai, Tamil Nadu, India |
| Parent / Promoter | Indian Oil Corporation Limited (IOC) (Majority Owner) |
| Chairman & Key People | Shrikant Madhav Vaidya (Chairman), Arvind Kumar (Managing Director) |
| Core Business | Crude oil refining and production of petroleum fuels & petrochemical feedstocks |
| Major Products | LPG, MS (petrol), HSD (diesel), Kerosene, ATF, Naphtha, Bitumen, Lube Base Oil, Wax |
| Refineries / Capacity | Manali (10.5 MMTPA) and Nagapattinam Refinery (~1.0 MMTPA) (under expansion) |
| Area Served | India & export markets (partial) |
| Stock Exchange Listing | BSE & NSE (Ticker: CHENNPETRO) |
| CIN | L40101TN1965GOI005389 |
| Employees | ~1,400+ (approx.) |
| Market Position | One of India’s key downstream petroleum refiners |
| Notable Projects | Refinery capacity expansion; petrochemical & feedstock production |
| Notable Financial Performance | Recent return to profitability with strong refining margins (Q2 FY2025-26) |
| Official Website | cpcl.co.in |
Net Worth and Market Cap
As of January 23, 2026, CPCL’s market capitalization, or net value, was 125.61 billion. In just one year, its market capitalization has grown by 41.08%.
Corporate Leadership
The corporate headquarters of CPCL are located in Chennai, India. CPCL’s chief executive officer is H. Shankar, its chief financial officer is Rohit Agrawala, and its chief operating officer is P. Kannan.
Overview of Services
Petroleum products are manufactured and supplied in India by Chennai Petroleum Corporation Limited. Liquefied petroleum gas, kerosene, naphtha, motor gasoline and spirit, aviation turbine fuel, automobile high-speed and high flash diesel, light diesel oil, and bunker and non-bunker fuel oil are all provided by the corporation.
Additionally, it offers lubricant items including base stocks, extracts, and paving bitumen. The business also sells petrochemical feedstocks, food and pharmaceutical grade hexane, paraffin wax, mineral turpentine oil, etc. Asphalt, butene-2, low butene, lean PBFS, furnace oil, isrosene, ISRO naphtha, NATO diesel, JP-5 fuel for fighter jets, and missile fuels are among the other products it offers.
Scale of Operations
The Ministry of Petroleum and Natural Gas of the Government of India owns Indian Oil Corporation Limited, which is the parent company of Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL). In 1965, it was established as a joint venture by the Government of India (GOI), Amoco, and National Iranian Oil Company (NIOC), with corresponding shareholdings of 74%, 13%, and 13%.
With facilities for manufacturing fuel, lubricant, wax, and petrochemical feedstock, CPCL runs one of the most sophisticated refineries in India. The business serves as the “mother” industry of the area, supplying vital petrochemical feedstocks that sustain a large number of downstream industrial facilities.
