Chennai Petroleum Corporation
Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent
 "Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall")
Chennai Petroleum, IOC signs JV agreement for Rs 31,580 crore TN refinery
The Rs 31,580 Crore refinery complex will cater to the petroleum products demand of the Southern region of India and provide impetus for economic development of the region
 "Chennai Petroleum, IOC signs JV agreement for Rs 31,580 crore TN refinery")
19 loss-making CPSEs returned to profit in FY21, shows govt data
The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%
 "19 loss-making CPSEs returned to profit in FY21, shows govt data")
Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery
Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery
 "Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery")
Chennai refinery's crude runs cut by 25% as residents complain of odour
Chennai Petroleum Corp said it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery, following an order by the Tamil Nadu state pollution control board
 "Chennai refinery's crude runs cut by 25% as residents complain of odour")
Suspected gas leak from CPCL in Chennai, TNPCB monitors air quality
A senior officer with the TNPCB while speaking to IANS said, "We have received complaints from residents of Jyothi Nagar in Tiruvattiyor and in Manali areas. We are monitoring the air quality
 "Suspected gas leak from CPCL in Chennai, TNPCB monitors air quality")
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
 "Focus on windfall tax review leads to oil stocks ending in the green")
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.
 "MRPL, Chennai Petro soar up to 8% as crude oil prices rebound")
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.
 "Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%")
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.
 "MRPL, Chennai Petroleum soar up to 19% on strong business outlook")
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 hits over four-year high; zooms 164% in 7 weeks on strong earnings")
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.
 "CPCL surges 16% in two days on strong Q4 results; Dolly Khanna buys stake")
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 freezes in 20% upper circuit on healthy Q2 results")
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
 "Chennai Petroleum Q2 profit at Rs 290.58 cr versus loss a year ago")
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
 "EAC reviews Chennai Petroleum Corp's 9.0 MMTPA project in Tamil Nadu")
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
 "Chennai Petroleum to invest Rs 1,850 cr in BS VI auto fuel quality upgrade")
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
 "Need to take inventory write down of Rs 1,456 cr over Covid-19, says CPCL")
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
 "CPCL plans 9 MMTPA expansion at Cauvery Basin Refinery on JV basis")
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
 "Indian Oil Corporation's gas pipelines to be part of proposed GAIL 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
