CPCL posts stellar physical performance in FY 2022-23

New Delhi: Chennai Petroleum Corporation Limited (CPCL), subsidiary of Indian Oil, has achieved the record, best-ever physical performance for the financial year 2022-23.

According to an official statement, CPCL’s Manali Refinery achieved the highest-ever throughput of 11.3 million metric tonnes per annum (MMTPA) in 2022-23, which is over 107 percent of its capacity utilization, as against 9.0 MMTPA in 2021-22.

CPCL surpassed past records in the production of Diesel (HSD), Petrol (MS), Aviation Turbine Fuel (ATF), Naphtha and Hexane by 26.8 percent, 14.3 percent, 47.4 percent, 23 percent and 6.3 percent respectively compared to last year, all of which are highest-ever in the history of CPCL. During 2022-23, CPCL achieved 104 percent of CAPEX target by spending Rs 609 crore on its projects including JVs as against the outlay of Rs 584 crore.

CPCL’s Managing Director Arvind Kumar attributed the stupendous physical performance of CPCL to collective and committed team effort of its employees under challenging business environment prevailing in oil industry.

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