The company achieved throughput of 10.256 MMTPA (million metric tonne per annum) during 2016-17, and exceeded the MoU target of 10.250 MMTPA after seven years, Chennai Petroleum Corporation, Managing Director, Gautam Roy said.
"Desipte the impact of cyclone Vardah that hit Chennai in December 2016, we have made the highest profits," he said.
"CPCL achieved highest ever Distillate yield of 72.6 per cent surpassing previous best of 72.5 per cent achieved in the year 2015-16," he told reporters here.
"CPCL closed the financial year with a resounding performance.. Our PAT (Profit After Tax) and PBT (Profit Before Tax) have also increased," he said.
Also Read
Turnover of the company during the year ending March 2016-17 went upto Rs 40,586 crore as compared to Rs 34,953 crore for the previous year 2015-16 due to "increase in the quantity of products sold," he said.
Networth of the company also grew to Rs 3,314 crore as on March 31, 2017 from Rs 2,603 crore registered as on March 31, 2016, he noted.
On the status of various projects taken up by the company, Roy said the company has undertaken resid upgradation work, laying of new crude oil pipeline, BSIV fuel norms to BSVI totalling Rs 5,200 crore.
"Nearly, Rs 2,500 crore already spent of the total amount. We willbe spending another Rs 2,500 crore over the next three years," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content