Chennai Petroleum Corporation Ltd, an Indian Oil-owned company, has reported a profit of Rs 33.97 crore during the quarter ended December 31, 2015 as compared to loss of Rs 680.52 crore, a year ago. <\/p>\n
Total income dropped to Rs 5,088.24 crore during the third quarter as compared to Rs 9,436.25 crore, a year ago.<\/p>\n
The company’s average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014.<\/p>\n
Its peak networth of the company during the last four years prior to 2014-15 was Rs 3,793 crore and the networth as on March 31, 2014 was Rs 1,722 crore.<\/p>\n
In line with the provisions of Sick Industrial Companies Act, CPCL in October 2014 reported sick to BIFR since erosion was more than 50 per cent of peak networth.<\/p>\n
The loss for the fiscal year ended March 2015 was Rs 39 crore and consequently the networth further reduced to rs 1,655 crore as on March 31, 2015.<\/p>\n
The networth as on December 31, 2015 is Rs 3,136.23 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chennai Petroleum Corporation Ltd, an Indian Oil-owned company, has reported a profit of Rs 33.97 crore during the quarter ended December 31, 2015 as compared to loss of Rs 680.52 crore, a year ago. Total income dropped to Rs 5,088.24 crore during the third quarter as compared to Rs 9,436.25 crore, a year ago. The company’s average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014. Its peak networth of the company during the last four years prior to 2014-15 was Rs 3,793 crore and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-54209","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/54209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=54209"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/54209\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=54209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=54209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=54209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}