Chennai Petroleum reports strong Q4 gross refining margin at $12/barrel

In addition to this, Kumar also stated that fuel loss has decreased year on year (YoY). This is a positive development for Chennai Petroleum as fuel loss can have a significant impact on the company's bottom line. By reducing fuel loss, the company can improve its operational efficiency and profitability.

Talking about the Cauvery Basin refinery, he said that the land acquisition for the Cauvery Basin refinery is expected to be completed in the next 2-3 months. The Cauvery Basin refinery is a significant project for Chennai Petroleum, and its completion will help the company expand its operations and increase its production capacity. The refinery is expected to have a capacity of 9 million metric tonne per annum, and it will be one of the largest refineries in the country.

He also said that the tenders and procurements for the Cauvery refinery are in the advanced stages. This is a positive development as it indicates that the project is progressing well, and the company is on track to meet its timeline. The Cauvery refinery is expected to be completed by 2025, and it will help Chennai Petroleum meet the growing demand for petroleum products in the country.

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