Chennai Petroleum Corp Ltd - Company Profile
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Chennai Petroleum Corp Ltd (CPCL) is a state-owned oil and gas corporation. The company is one of the largest oil refining companies in South India. Improved business performance, R&D capabilities and marketing capabilities are the company’s strengths, though increase in trade receivables is a cause of concern for the company. Nevertheless, increasing global demand for oil, growth initiatives, and increase in refining capacity could provide the company with various new growth opportunities. However, intense competition, fluctuating oil and gas prices, and stringent regulations could affect its operations.
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