On the side-lines of the 51st Annual General Meeting of Chennai Petroleum, CNBC-TV18’s Jude Sannith caught up with Gautam Roy, MD and spoke about the revamp and the expansion plans of the company.

Chennai Petro saw higher GRMs in FY17, saw increase in throughput: Chairman

The throughput increased 6.34 percent to 10.256 million tonnes for FY17 compared to 9.644 million tonnes in FY16, said B Ashok, Chairman, CPCL.

IOC chief hints at merger with Chennai Petro, no timeline yet

At a time when there is proposal for consolidation of oil companies from the Finance Minister, oil major IOC has plans to merge its subsidiary Chennai Petroleum Corporation Ltd with the the company.

CPCL hopeful of maintaining margins in FY17 if crude is stable

While Chennai Petroleum Corp (CPCL) reported halving of its June quarter net profit on lower refinery margin, the management expects crude throughput to improve in the coming quarters.

Expect throughput to be better in FY17: Chennai Petro

B Ashok, Chairman of Indian Oil Corporation said throughput during FY16 was lower YoY due to some scheduled plant shut-downs and floods in Chennai.

Will sustain refining margin over $10/bl: Chennai Petro

Gautam Roy, MD, of Chennai Petroleum Corporation says the company‘s net-worth improved to Rs 2500 crore and debt stands at Rs 4700 crore.

To raise Rs 1K cr to boost Chennai Petro balance sheet: IOC

In an interview with CNBC-TV18, B Ashok, Chairman of Indian Oil Group Companies says the capital raised will be used to repay Chennai Petro's debts and will be invested in future projects.

Weak rupee hit Q1 margins; profits to revive by Q3: CPCL

CPCL's gross refining margin (GRM) for Q1 stood at USD 4.30 per barrel. Basu hopes to maintain it at current level if crude prices continue to remain stable.