Flood Havoc! Chennai Petroleum may shut refinery unit in TN

Chennai Petroleum Corp may shut one of the three crude units at its 210,000 barrels per day (bpd) Manali refinery in the flood-hit southern Tamil Nadu state, Managing Director Gautam Roy reportedly said.

Dec 02, 2015 08:12 IST India Infoline News Service

Chennai Petroleum Corporation
Rains in Chennai has caused extensive damage to life and property and hitting business as well. News reports have come out that Chennai Petroleum Corp Ltd may shut one of the three crude units at its 210,000 barrels per day (bpd) Manali refinery in the flood-hit southern Tamil Nadu state. 

The scrip opened at Rs. 204 and has touched a high and low of Rs. 205.95 and Rs. 198.25 respectively. So far 1255347(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3030.01 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 264.7 on 20-Aug-2015 and a 52 week low of Rs. 62.2 on 25-Mar-2015. Last one week high and low of the scrip stood at Rs. 206.5 and Rs. 185 respectively.
The promoters holding in the company stood at 67.29 % while Institutions and Non-Institutions held 18.99 % and 13.72 % respectively.
The stock is currently trading above its 50 DMA.

Related Story