Chennai Petroleum Corporation Ltd
NSE: CHENNPETRO BSE: 500110
₹1449.90
(6.22%)
Sun, 18 Oct 2026, 01:04 pm
Market Cap (in Cr)23014.26
PE Ratio5.17
Dividend4.01
Energy Minerals
Oil Refining/Marketing
24.5KCompany History
1965
- Incorporated on November 18.
- Signed formation agreement between Government of India, NIOC, and Amoco India Inc. for Madras Refineries Ltd.
1991
- Signed agreement for Anti-oxidants Feedstock supply to Balmer Lawrie; first supply in March 1992.
- Government approved Gas Sweetening and LPG Separation facilities at Nagapattinam in July.
1992
- Signed MoU with Government of India for 1991-92.
- Crossed 1.2 million accident-free employee manhours.
- Prepared curriculum on Safety and Hazards Control with Anna University.
- Commissioned Hexane Plant with 25,000 MTpa capacity.
- Commissioned 2.5 MGD Sewage Water Treatment Plant.
- Modernised effluent treatment plants to meet MINAS.
- Modernised refinery instrumentation including ON-Link Tank Level Information System.
- Proposed revamp programme with hydro-finishing unit.
- Developed gardens and traffic islands; proposed green belt at CBR.
- Entered long-term wage settlement with non-supervisory employees effective January 1, 1990.
1993
- Made separate offer of 53,83,000 shares to NIOC at Rs 80 per share.
- Proposed 350 MW power project at Manali.
- Issued 1141,31,100 equity shares.
1994
- Issued 266,55,300 equity shares at premium of Rs 70 to mutual funds, financial institutions, NRIs, employees, and public.
1995
- Commissioned new 130 T/HR co-generation boiler.
- Proposed continuous catalytic reformer project and 250 MW power project at Manali.
- Proposed 3 million tpa project at Manali costing Rs 1700 crores.
1996
- Commissioned LPG separation unit and steam turbo generator at CBR.
- Obtained first stage clearance to expand Manali refining capacity to 10 MMTPA.
- Proposed crude receipt facilities at Nagapattinam to increase to 1.0 MMTPA.
1997
- Launched 500N grade LOBS.
- Commissioned wax deoiling unit expansion to 30,000 tpa.
- Offered 53,83,000 equity shares to NIOC at premium.
- Obtained clearance to expand Manali capacity by 3 million tonnes per annum.
- Sponsored R&D projects on tube stocks, cube character, and NMP-Lube Extraction Technology.
- Commissioned reverse osmosis pilot plant.
- Signed MoU with Ministry of Petroleum and Natural Gas for 1997-98.
- Proposed joint venture with SPIC for PFY project.
- 800 workers went on tool-down strike.
- Suspended union general secretary and joint secretary after self-immolation threat.
- Considered joint venture with Petronas and IOC for cavern storage.
- CARE assigned PR+ rating to CP programme and retained PR1+ for intercorporate borrowing.
1998
- Proposed permanent jetty facility at Cauvery Basin, Nagapattinam.
- Signed MoU with Indian Oil Corporation for joint projects.
- Signed MoU with Union Government for 1998-99.
- Opted for 20% equity in Chennai-Trichy-Madurai product pipeline.
1999
- Tamil Nadu Electricity Board signed power purchase agreement.
- Reached agreement with Manali Petrochemicals Ltd and SPIC Organics Ltd on propylene pricing.
- Signed tripartite agreement with CDSL and Karvy Consultants for depository system.
2000
- Indian Additives Ltd ceased to be subsidiary.
- Changed name to Chennai Petroleum Corporation Ltd effective April 6.
- Signed MoU with Indian Institute of Safety and Environment.
- Shut down No. 1 crude distillation unit for technical fault.
- Changed stock symbol to CHENNPETRO effective August 9.
- Expanding Cauvery Basin Refinery capacity to 1 million tonnes.
- Received Best Employer-Employee Relationship award from Rotary Club of Chennai.
- Launched crumb rubber modified bitumen.
2001
- Chennai Corporation and EDL India entered MoU for 14.85 MW waste-to-energy project.
- Fire in FCC unit at Manali refinery on February 20.
- Signed MoU with Ministry of Petroleum and Natural Gas for 2001-02.
2002
- Mr. L. Sabaretnam appointed as Part-time Non-Official Independent Director.
- Gowrishankar, Mohit Sinha, and M. B. L. Agarwal ceased to be Directors.
- Mr. T. L. Jain appointed as part-time Director.
- Mr. S. V. Narasimhan assumed charge as Managing Director effective October 1.
- Mr. M. S. Ramachandran and Mr. A. K. Arora appointed as part-time Directors.
2003
- Mr. R. Sankaran appointed Director (Technical) effective January 1.
- Mr. P. S. Rao and Mr. Chandan Dasgupta appointed as part-time directors.
- Set up Crude Oil Jetty Facility at Nagapattinam port costing Rs 960 million.
- Mr. Jaspal Singh, Prabha Das, Mr. Mahmood Vaezi, and Mr. K. Skandan appointed as directors.
- Mr. K. Skandan ceased to be Director.
- Signed agreement with Chennai Port Trust for Tier I Oil Spill Response facility.
2004
- Equity shares delisted from Stock Exchange Ahmedabad effective January 19.
- Mr. N. C. Sridharan given additional charge of Director (Finance) effective January 20.
- Mr. R. Sankaran given additional charge of Director (Operations) effective February 1.
- Equity shares delisted from Delhi Stock Exchange effective February 19.
- Mr. A. Kasturi Rangan appointed as Director (Operations).
2005
- Equity shares delisted from Calcutta Stock Exchange effective December 9, 2004.
- IOC signed pact with CPCL for project consultancy on crude pipeline.
2006
- To acquire stake in SPV for Chennai-Bangalore pipeline project.
- Received Jawaharlal Nehru Centenary Award for Energy Performance.
2007
- CBR won Star award from National Safety Council of India Tamil Nadu Chapter.
- Received State Safety Award for 2005.
2008
- Received Exim Achievements Award from Tamil Chamber of Commerce.
- Received Golden Peacock Award for occupational health and safety.
2009
- Appointed Mr. K. Balachandran as Managing Director effective December 1.
- Selected for Greentech Environment Excellence Award.
- Received CSR Award from Rural Development and Panchayat Raj Department for 2008-09.
2010
- CBR awarded TPM Excellence Category A by Japan Institute of Plant Maintenance.
2011
- Launched Mobile Ambient Air Monitoring Unit.
- Mr. T. S. Ramachandran appointed as Director (Technical).
- Ms. D. Lilly appointed as Director (Finance).
2012
- Mr. K. Suryanarayanan appointed as Cost Auditor for 2012-13.
- Mr. A. S. Basu appointed as Managing Director.
2013
- Mr. P. Shankar designated as Company Secretary and Compliance Officer.
- Mr. Mohan Lal appointed as Director.
2014
- Mr. Sanjiv Singh appointed as Director.
- Shri. Gautham Roy appointed as Managing Director.
2015
- Received 3rd Governance Now PSU Award.
2016
- Awarded Top Export Southern Region Export Excellence Award (Silver) for 2015-16.
- Awarded Highest Tax Payer Award 2015-16 by Central Excise Department.
2017
- Awarded Top Export Southern Region Export Excellence Award (Gold) for 2016-17.
2018
- Received approval for Nagapattinam refinery expansion.
2019
- Conferred Excellence in CSR Award by Rotary Club of Chennai Towers.
2020
- Received Golden Peacock Award for Corporate Social Responsibility for 2019.
- Conferred award for Best Practices in CSR under Rural Development category.
2021
- Conferred with Centre for Excellence in Project Management (CEPM) Fellowship Award.
- Conferred award for Usage of Secondary Treated Water for Industrial Use.
2022
- Received Mahatma Award for CSR Excellence.
- Received Golden Peacock Innovative Product Award.
