Chennai Petroleum Corporation Limited has informed the Exchange regarding 'BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT OF THE COMPANY FOR THE FY 2024-25'.
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Chennai Petroleum Corporation (CPCL), a subsidiary of Indian Oil Corporation (51.89% holding), has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 as required by SEBI's listing regulations. The report covers a standalone basis with reasonable assurance provided by Bureau Veritas India. Key business metrics disclosed include revenue from operations of ₹71,049.91 crore, net worth of ₹7,938.50 crore, and a workforce of 1,413 permanent employees and workers across 2 plants and 3 offices. The company processes crude oil entirely, with High Speed Diesel contributing 53% of turnover, Motor Spirit 14%, and ATF 9%. On the sustainability front, CPCL reported zero fatalities and zero lost-time injuries for the fourth consecutive year, achieved its Extended Producer Responsibility (EPR) target, and is targeting Net Zero operational emissions by 2046. Related party transactions remain concentrated, with 94.71% of sales going to related parties (mainly IOCL) and 99.08% of investments parked in related entities.
This is a routine annual compliance disclosure under SEBI regulations and is unlikely to have any direct impact on the stock price. However, it signals strong operational discipline (zero safety incidents, multiple ISO certifications) and gives investors visibility into the company's ESG commitments, including its Net Zero by 2046 target. Shareholders should note the heavy dependence on related-party sales, which ties CPCL's fortunes closely to its parent IOCL.