CPCL

Chennai Petro back in black

Chennai Petro back in black

Against a loss of Rs 397.28 crore in the previous year , Chennai Petroleum Corporation Limited , a group company of Indian Oil , has rallied back to profitability with a net profit of Rs 603.22 crore in the year ended March 31 , 2010. B. M Bansal, Chairman of Indian Group and a director of CPCL, addressing the presspersons here on Tuesday said, the company achieved a healthy grass refining margin of $4.75 per barrel, net of under recoveries, against $1.22 in the previous year.