Chennai Petroleum Corporation Limited — Important, 01-08-2025: Updates

Chennai Petroleum Corporation (CPCL) reported significant environmental performance improvements for FY25, including reduced energy and water consumption, and lower Scope 1 & 2 GHG emissions. Key initiatives like producing Sustainable Aviation Fuel and extensive RLNG utilization drove emission cuts. The company maintained a strong zero-incident safety record. However, CPCL faces environmental compensation levies totalling ₹73.68 Cr and ₹6.24 Cr for past oil spill incidents, with initial deposits/guarantees of ₹19.12 Cr and ₹3.12 Cr made, respectively. An additional ₹5 Cr no-fault liability was also paid.