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Tuesday, 16 May 2017


Chennai Petroleum Corporation Limited in a BSE filing on Tuesday, 16 May 2017 has said that the board of directors of the Company at its meeting held on May 15, 2017, has recommended a dividend of 6.65% on the paid-up Preference Capital of the Company, representing Rs. 0.665 per preference share and 210% on the paid-up Equity Capital of the Company, representing Rs. 21 per equity share.

As at 12.02 pm, the stock of Chennai Petroleum Corporation Limited was trading down by over 5% on Tuesday, 16 May 2017 on the BSE and has hit an intraday low of Rs 392.60.

Chennai Petroleum Corporation Limited (CPCL), the company's history dates back to when it was incorporated in 18th November of the year 1965. Formerly known as Madras Refineries Limited (MRL) was formed as a joint venture between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a shareholding in the ratio 74%: 13%: 13% respectively.

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