Chennai Petroleum Corporation Limited (CPCL), initially known as Madras Refineries Limited (MRL), is a subsidiary of Indian Oil Corporation Limited and operates under the Ministry of Petroleum and Natural Gas of the Government of India. Established in 1965 as a joint venture between the Government of India (GOI), Amoco, and the National Iranian Oil Company (NIOC), CPCL had an original shareholding structure of 74%, 13%, and 13%, respectively. The company set up its refinery with a capacity of … [Read more...]