Efforts are on to expand our products base, says CPCL MD
Chennai Petroleum Corporation Limited (CPCL) is planning to expand its product base following its elevation to Navratna status. The company is exploring value-added products like high-quality wax and white oil while conducting feasibility studies for refinery expansion.
Why it matters
The expansion reflects the strategic growth of Indian state-owned enterprises as they leverage increased financial autonomy to diversify their industrial output.
Rejoicing over its recent Navratna status and the increased financial cap, Chennai Petroleum Corporation Limited (CPCL) has begun efforts to expand its products base. “We are the only refinery in the country to make fuels, lubes, and wax. We are looking at the possibility of improving the quality of wax and bringing more lube variants,” said H. Shankar, managing director, CPCL.
The article is a straightforward business report on corporate strategy and operational expansion.
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