Joint Venture17 Dec 2025, 05:31 pm
Chennai Petroleum Corporation Limited to Utilize Manali Petrochemicals Ltd's Loading Facilities
AI Summary
Chennai Petroleum Corporation Limited (CPCL) has entered into a Memorandum of Agreement with Manali Petrochemicals Ltd (MPL) to utilize the loading facilities available at MPL Plant-I, Manali, Chennai, for handling its products. This information is being shared in the interest of good corporate governance and transparency, although it is not mandatory under SEBI Listing Regulations, 2015.
Key Highlights
- Chennai Petroleum Corporation Limited (CPCL) and Manali Petrochemicals Ltd (MPL) have entered into a Memorandum of Agreement.
- CPCL will utilize MPL's loading facilities available at MPL Plant-I, Manali, Chennai.
- This agreement is for handling CPCL's products.
- The announcement is made in the interest of good corporate governance and transparency.
- The agreement is not mandatory under SEBI Listing Regulations, 2015.