CPCL's Retail Reboot: ₹400 Crore Bet on Fuel Outlets

Chennai Petroleum Corporation (CPCL) has earmarked an initial capital expenditure of approx. Rs 400 crore over the next two to three years for setting up retail outlets for the sale of petrol and diesel. The first phase of retail operations is slated for launch during CPCL’s Diamond Jubilee year.

Site selection is currently underway, focusing on areas with strong market potential and strategic advantages. CPCL is taking a cautious, phased approach to its retail rollout, with plans to expand into other states depending on market response and prevailing business conditions. “This initiative is aimed at addressing existing market demand and expanding CPCL’s presence in the fuel retail segment,” said company officials.

The initiative signals CPCL’s intent to enhance its footprint in the downstream petroleum sector while aligning with its business growth and sustainability objectives. With this, the company has announced its re-entry into the fuel retail business, nearly two decades after its exit from the segment. The move has received approval from the Ministry of Petroleum and Natural Gas and is a key step in CPCL’s broader strategy to diversify its business portfolio and generate long-term value. 

News by Rahul Yelligetti.