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Chennai Petroleum Corporation Ltd. Company History and Annual Growth Details

1965

- The Company was Incorporated on 18th November. A formation agreement
was signed on 18th November between Government of India, National
Iranian Oil Company (NIOC) Iran & Amoco India Inc. USA for setting up
Madras Refineries Ltd.

- With the commissioning of cauvery basis refinery, capacity was
enhanced to 7 million TPA and with this the company became
multilocational.

1991

- An agreement for supply of Anti-oxidants Feedstock to Balmer Lawrie &
Co. Ltd. Chennai was signed in September and the first supply was
successfully effected in March 1992.

- The Government of India has given approval to MRL in July for setting
up Gas Sweetining and LPG Separation facilities at Nagapattinam.

1992

- MRL signed, for the second consecutive year, a Memoraandum of
Understanding (MoU) with Goverment of Inida for the year 1991-92.

- During the year, the Company crossed 1.2 million accident free
employee manhours which was accrued in 172 continous working days.

- In collaboration with Anna University, MRL has prepared a curriculum
on "Safety and Hazards Control in Petroleum Industry" for the
Post-Graduate Course in Petroleum Refining.

- The Hexane Plant with a prodction capactiy of 25,000 Metric Tonnes
per annum has been commissioned.

- A Sewage Water Treatment Plant with capacity of 2.5 MGD has been
commissioned

- As a part of pollution control measure, the effluent treatment plants
were modernised to treat the effluents of the refinery for meeting the
Minimum National Standards (MINAS).

- The old refinery instrumentation control has been modenised. This
includes ON-Link Tank Level Information System, the first of its kind
in India.

- The Company proposes to take up a revamp programme and install the
hydro-finishing unit.

- MRL has developed gardens and traffic islands which have received
prizes in various competitions. It is proposed to have a green belt
around the new Cauvery Basin refinery site at Panagudi, near
Nagapattinam.

- The Company entered into a long term wage settlement with the
non-supervisory employees of the Company represented by Chennai
Refinerires Employees Union valid for four years effective 1st January
1990.

1993

- As per the meeting held on 11th November, a separate offer of
53,83,000 shares aggregating Rs 4306,40,000 to NIOC at Rs 80 per share
was made.

- The Company proposed to set up a 350 MW power project in joint
venture at a Manali by utilising available refinery residue as fuel.

- 1141,31,100 No. of equity shares issued subscribed and paid up.
During 1994, the Company issued 266,55,300 No. of equity shares at a
premium of Rs 70 as follows (i) Firm allotment basis 59,23,400 shares
to Mutual Funds; (ii) 59,23,400 shares to Indian fin. Insts; (iii)
29,61,700 shares to Foreign Fin. Insts; (iv) The balance were issued on
preferential basis. (a) 41,46,300 shares to NRIs; (b) 3,40,000 shares
to employees. Balance 103,22,200 shares to public.

1995

- A new boiler for co-generation of 130 T/HR capacity to meet the
increased stream load was commissioned.

- The Company proposed to undertake continuous catalytic reformer
project to meet zero lead and other changed specification of petrol
introduced by Government of India. Also studies were underway for the
setting up of a 250 MW power project at Manali in collaboration with
CEA India Inc. of USA.

- The Company proposed to set up a 3 million tpa project at Manali at a
cost of Rs 1700 crores.

1996

- The Company commissioned the LPG separation unit & steam turbo
generator was commissioned at CBR.

- The Company obtained the first stage clearance from Government of
India to expand its refining capacity at Manila by another 3 MMTPA
thereby making the refining capacity of the company to 10 MMTPA.

- With the view to augment crude availability for the CBR, it was
proposed to install crude receipt facilities at Nagapattinam for
improving crude upto 1.0 MMTPA per annum.

1997

- In the field of LOBS, the Company launched 500N grade of LOBS based
on customer's demand.

- The project to increase the existing wax deoiling unit plant capacity
from 20,000 tpa to 30,000 tpa at a cost of Rs 41.32 crores was
commissioned.

- The company offered 53,83,000 equity shares of Rs. 10 each at a
premium of Rs. 70 per share on private placement basis pursuant to an
agreement between the Government of India and M/s National Iranian Oil
Company (NIOC).

- The Company obtained clearance from the Govt. to expand the capacity
at Manali by another 3 million tonnes per annum.

- The Company's R&D sponsored a project on `Production of tube stocks
from Waxy Crudes' at NCL Pune.

- The company sponsored a project at Indian Institute of Petroleum for
cube character solution and additive response studies.

- The centre in collaboration with EIL and Indian Institute of
Petroleum developed a process package for NMP - Lube Extraction
Technology.

- As a part of indigenisation of reverse osmosis membranes in
collaboration with Central salt and marine chemicals research institute
the R&D unit commissioned a reverse osmosis pilot plant of 50,000
litres per day capacity to study the membrane performance.

- MRL was formed as a joint venture between the Government of India
(GOI), Amco India Inc. USA & National Iranian Oil Company (NIOC),
Tehran, Iran with initial equity contribution in the ratio of 74:13:13.

- The Company offered 53,83,000 No. of equity shares of Rs 10 each at a
premium of Rs 70 per share on private placement basis pursuant to an
agreement between the Government of India and M/s National Iranian Oil
Company.

- The Company received a sum of Rs 2786,00,000 from NIOC and
accordingly 34,82,500 No. of equity shares were allotted to NIOC. The
balance of 19,00,500 shares were to be allotted on receipt of balance
amount.

- Madras refineries Ltd has signed a memorandum of understanding with
the Ministry of Petroleum and Natural Gas for 1997-98.

- The joint sector Southern Petrochemical Industries Corporation Ltd
(SPIC) has proposed to go along with the State-owned Madras Refineries
Ltd (MRL) to implement the PFY project in Tamil Nadu.

- Around 800 workers of Madras Refineries Limited went on a tool-down
strike following a call by the executive committee of the Madras
Refineries Employees Union (MREU).

- The company had suspended the general secretary and the joint
secretary (Manali unit) of the union following an incident during
negotiations with the management, when the two poured kerosene on
themselves and threatened to commit self-immolation if the management
did not concede their demands.

- Another joint venture is also considered between Petronas, IOC and
MRL for setting up an underground cavern storage facility at the Ennore
liquefied natural gas import station.

- CARE has assigned a PR+ rating to the CP programme of Rs 25 crore of
Madras Refineries Ltd and has retained in PR1 + rating assigned to the
intercorporate borrowing of Rs 125 crore.

1998

- The company proposed to set up a permanent jetty facility to make
available the required quantiuty of crude at Cauvery basin,
Nagapattinam.

- The company signed a MOU with Indian Oil Corporation Ltd to work
jointly on projects of mutual benefit including a refinery project in
Southern India, identify various projects fore collaboration including
pursuance of techno-economic Feasibility reports and on estabhlishing
the Techno-economic viability of identified projects from joint venture
companies to implement the same.

- Madras Refineries Ltd (MRL) has signed a memorandum of understanding
(MoU) on May 22 with the Union Government for 1998-99.

- Madras Refineries Ltd (MRL) has opted for 20 per cent equity in the
roughly 350 km-long Chennai-Trichy-Madurai product pipeline, being set
up by Petronet India Limited.

1999

- The Tamil Nadu Electricity Board signed a power purchase agreement
with Madras Refineries Ltd.

- Madras Refineries Ltd has reached an agreement with two SPIC group
companies - Manali Petrochemicals Ltd (MPL) and SPIC Organics Ltd
(SORL) - under which the two companies would withdraw their cases
against MRL relating to a dispute over pricing of propylene.

- The company has signed a tripartite agreement with CDSL and Karvy
Consultants Ltd, share transfer agent of the company, for the purpose
of admission of equity shares of the company to the depository system
of CDSL.

2000

- Indian Additives Ltd. a joint venture of the company, and Chevron
Chemical Company US, has ceased to be a subsidiary of the company.

- The Company has changed its name to Chennai Petroleum Corporation
Ltd. (CPCL) with effect from 6th April.

- The Company has signed a MoU with Indian Institute of Safety and
Environment, Chennai to conduct Safety courses.

- The Company has shut its 70,000-barrel-per-day No. 1 crude
distillation unit to correct a technical fault.

- The Symbol of the company shall be changed from MADRASREFN to
CHENNPETRO effective from August 9.

- The company is expanding the capacity of its Cauvery Basin Refinry at
Panangudi near Nagapattinam to one million tonne from the current 0.5
million tonne.

- Chennai Petroleum Corporation Ltd. (CPCL) was given the award for
"the Best Employer-Employee Relationship" by the Rotary Club of
Chennai.

- The Chennai Petroleum Corporation Ltd. has launched crumb rubber
modified bitumen for laying high quality and cost effective roads.

2001

- The Chennai Corporation and EDL India Pvt. Ltd. entered into an MoU,
to set up a 14.85 MW waste-to-energy project using municipal solid
waste.

- There was a fire in the FCC unit of the Manali refinery on February
20. The fire was completely put out within 50 minutes and the unit was
shut down.

- Chennai Petroleum Corporation Ltd. has signed an MoU with the Union
Ministry of Petroleum and Natural Gas for 2001-02.

2002

- Chennai Petroleum Corporation Ltd has informed that Mr L Sabaretnam,
CEO of ICL Sugars Ltd has been appointed as a Part-time Non-Official
Independent Director on the Board of the company.

-Gowrishankar ceases to be a Director of Chennai Petroleum Corporation.

-Chennai Petroleum Corporation Ltd has informed that Mohit Sinha ceased to be a Director on the Board of the company.

-Chennai Petroleum Corporation Ltd has informed BSE that Mr M B L Agarwal, Executive Director (Internal Audit), Indian Oil Corporation Ltd ceased to be a Director on the Board of Chennai Petroleum Corporation Ltd (CPCL) effective August 01, 2002. In his place, Mr T L Jain, Executive Director (Southern Region) Indian Oil Corporation Ltd, has been appointed as a part time Director on the Board of CPCL.

-Chennai Petroleum Corporation Ltd has informed BSE that pursuant to letter from the Ministry of Petroleum and Natural Gas, Government of India, Mr S V Narasimhan, Director (Finance) Chennai Petroleum Corporation Ltd has assumed additional charge of the post of Managing Director, CPCL effective October 01, 2002 consequent to the superannuation of Mr S Rammohan Chairman and Managing Director of the Company.

-Chennai Petroleum Corporation Ltd has informed BSE that Mr M S Ramachandran, Chairman, Indian Oil Corporation Ltd and Mr A K Arora Director (Refineries), IOCL have been appointed as part time Directors on the Board of CPCL effective October 01, 2002.

-S V Narasimhan appointed as MD of Chennai Petro.

-2003

- Chennai Petroleum Corporation Ltd has informed BSE that Mr R Sankaran, General Manager (Projects & Development) of the Company has assumed charge of the post of Director (Technical) of the Company with effect from January 01, 2003 in place of Mr M P Srinivasan who has superannuated on December 31, 2002.

-Chennai Petroleum Corporation Ltd has announced following changes in its Board:

Mr P S Rao, Executive Director, Indian Oil Corporation Ltd has been appointed as part time director on the board of CPCL in place of Mr A K Mishra effective June 1, 2003.

Mr Chandan Dasgupta, Executive Director, Indian Oil Corporation Ltd has been appointed as a part time director on the Board of CPCL in place of Mr T L Jain effective june 1, 2003.

-Chennai Petroleum Corporation has informed BSE that the company has set up a Crude
Oil Jetty Facility within the ports of Nagapatnam at the cost of Rs960 million to meet crude oil
requirements of Cauvery basin Refinery.

-Mr.Jaspal Singh,Director (Indian Oil Corporation) and Prabha Das have been appointed as the part time Directors on the Board of CPCL.

-Mr.Mahmood Vaezi of International Policy, Centre for Strategic Research,Naftrian Intertrade Company Ltd, Tehran, Iran has been nominated as the Director on the Board of the company.

-Mr.K.Skandan, Secretary to Government of TamilNadu, Industries Department has been
appointedas part time Independent Director on theBoard of CPCL.

-Mr. K Skandan, IAS, ceased to be a Director

-The Chennai Port Trust has signed an agreement with various oil companies, including Chennai Petroleum Corporation Ltd (CPCL), to set up a Tier I Oil Spill Response facility at the Chennai port.

2004

-Chennai Petroleum Corporation Limited has informed that equity shares of the company have been delisted from The Stock Exchange - Ahmedabad wef January 19, 2004.

1. Mr. N.C. Sridharan, General Manager (Finance) will hold additional charge of the post of Director (Finance) w.e.f. January 20, 2004 for a period of three months or until further order, whichever is earlier, in addition to his own duties, as communicated by the Ministry of Petroleum and Natural Gas vide letter dated January 12, 2004.

2. Mr. R. Sankaran, Director (Technical) will hold additional charge of the post of Director (Operations) w.e.f. February 1, 2004 for a period of six months or until further order, whichever is earlier, in addition to his own duties, as communicated by the Ministry of Petroleum and Natural Gas vide letter dated January 12, 2004.

-Chennai Petroleum Corporation Ltd has informed that its equity shares have been delisted from the Delhi Stock Exchange Ltd (DSE) w.e.f. February 19, 2004.

-Chennai Petroleum Corporation Ltd has informed that Mr A Kasturi Rangan Executive Director (Operations), Chennai Petroleum Corporation Ltd has been appointed as Director (Operations), Chennai Petroleum Corporation Ltd

2005

-Equity shares of the company have been delsited from The Calcutta Stock Exchange Association Limited w.e.f December 09,2004.

-IOC inks pact with CPCL to provide project consultancy on crude pipeline

2006

-CPCL to acquire stake in SPV for Chennai-Bangalore pipeline project

-Jawaharlal Nehru Centenary Award for Energy Performance
2007
-CBR won the Star award from National Safety Council of India, Tamil Nadu Chapter, Chennai for the year 2007 under the NSCI Safety awards Scheme of NSC, TN Chapter, chennai.
-State Safety Award for 2005
2008

-CPCL received Exim Achievements Award from Tamil Chamber of Commerce at a Function Presided by His Excellency the Governor of Tamil Nadu.
-CPCL received Golden Peacock Award for its Pioneering efforts in the field of occupational Health in the Oil sector and for the Most significant improvements & innovative activities practiced in the field of Occupational Health & Safety.

2009
-CPCL received Golden Peacock Award for its Pioneering efforts in the field of occupational Health in the Oil sector and for the Most significant improvements & innovative activities practiced in the field of Occupational Health & Safety.

- Chennai Petroleum Corporation Ltd (CPCL) has appointed Mr. K. Balachandran as the Managing Director effective December 01, 2009.

-Rural Development and Panchayat Raj Department, Government of Tamil Nadu has selected Chennai Petroleum Corporation Limited (CPCL) as one of the recipients of the prestigious Corporate Social Responsibility (CSR) Award for the year 2008-09 for having undertaken various social and economic upliftment programs within the State of Tamil Nadu.
-CPCL has been selected for the Presentation of the prestigious 10th Annual "Greentech Environment Excellence Award-2009".


2010

-CPCL CBR was awarded "Award for TPM Excellence, category A" indicating that TPM is implemented for all the 8 pillars excellently in entire CBR by JAPAN Institute of Plant Maintenance(JIPM) during January 28, 2010.

2011

-Mobile Ambient Air Monitoring Unit of Chennai Petroleum Corporation Limited (CPCL) launched.

-Mr.T.S.Ramachandran has been appointed as the Director (Technical) of Chennai Petroleum Corporation Limited (CPCL).

-Ms.D.Lilly has been appointed as the Director (Finance) of Chennai Petroleum Corporation Limited (CPCL)

2012

-Mr. K. Suryanarayanan, Cost and Management Accountant, Chennai has been appointed as Cost Auditor of the Company for the financial year 2012-13.

-Mr. A. S. Basu, Executive Director, Indian Oil Corporation Limited has been appointed as Managing Director, Chennai Petroleum Corporation Limited.

2013
-Chennai Petroleum Corporation Ltd has informed that Mr. P. Shankar, Deputy Secretary has been designated as Company Secretary will be the Compliance Officer of the Company.
-Chennai Petroleum Corporation Ltd has informed that Mr. Mohan Lal, Deputy Secretary (R&A), Ministry of Petroleum & Natural Gas has been appointed as a Director on the Board of CPCL

2014
-Chennai Petroleum Corporation Ltd has informed that Mr. Sanjiv Singh, Director (Refineries), Indian Oil Corporation Limited has been appointed as a Director on the Board of CPCL, vide resolution passed by the Board of Directors on July 03, 2014.
-Chennai Petroleum Corporation Ltd has informed that Shri. Gautham Roy, Executive Director, Indian Oil Corporation Limited has been appointed as Managing Director, Chennai Petroleum Corporation Limited in terms of letter dated October 09, 2014

2015
- CPCL received 3rd Governance Now PSU Award 2015

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