Chennai Petroleum Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 25, 2025
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Chennai Petroleum Corporation (CPCL), a public sector refinery and group company of IndianOil, has informed the exchanges that its 59th Annual General Meeting will be held on Monday, August 25, 2025, via video conferencing. Along with the AGM notice, the company has submitted its Integrated Annual Report for FY 2024-25, which includes the Business Responsibility and Sustainability Report (BRSR). Key financial numbers from the year show turnover of ₹70,963 crore and profit after tax of just ₹174 crore, a sharp drop from ₹2,711 crore in the previous year, which the company attributes to lower international refining margins. Returns on equity fell from 36.5% to 2.1%, but the company maintained a ₹5 per share dividend (50% of face value) and achieved its highest-ever credit ratings (AAA/A1). On the operations and sustainability side, CPCL reported record-high RLNG usage, reduced water consumption and greenhouse gas emissions, and is progressing on a 9 MMTPA grassroot refinery project with IndianOil at Nagapattinam, with a net-zero emissions target set for 2046.
The steep fall in profits is a concern for shareholders, but the company is still paying a dividend and investing in growth and sustainability projects, which may support long-term value. The AGM on August 25 will be the next key event for investors to watch for management commentary on margins and the Nagapattinam project timeline.