CPCL Makes Comeback in Fuel Retail with Rs 400 Crore Investment

  Published 1 year ago

Chennai Petroleum Corporation (CPCL) is re-entering the fuel retail market after nearly 20 years, with a planned Rs 400 crore investment over 2-3 years. The first outlets will launch during CPCL's Diamond Jubilee year, expanding cautiously based on market demand and conditions.

  • Initial rollout targets strategic locations with high market potential.
  • Expansion to other states depends on market response.
  • Project approved by the Ministry of Petroleum and Natural Gas.
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