CPCL to invest ₹400 crore for direct petrol-diesel retail, first outlets by 2025
Chennai Petroleum Corporation returns to fuel retail after two decades with a ₹400 crore initial outlay over 2-3 years and pan-India ambitions. First stations launch in 2025, offering EV charging or auto LPG. Currently 92% of output goes to parent IOC, with 8% earmarked for direct marketing.
CPCL will invest ~₹400 crore over 2-3 years to enter direct fuel retail with pan-India ambitions, launching first outlets by 2025. Stations will offer EV charging or auto LPG, marking its return to retail after two decades.