Chennai Petroleum to re-enter fuel retail market with Rs 400 crore investment
By Aman Shukla Published on June 4, 2025, 11:28 IST
Chennai Petroleum Corporation Limited (CPCL) has announced plans to set up retail fuel outlets for the sale of petrol and diesel, marking its return to the fuel retail segment after nearly 20 years. The initiative has received approval from the Ministry of Petroleum and Natural Gas.
CPCL has allocated approximately ₹400 crore as capital expenditure for this project over the next two to three years. The first phase of fuel retail outlets is expected to be launched during the company's Diamond Jubilee year.
Site selection for these outlets is currently underway, with decisions based on market potential and strategic location analysis. CPCL is taking a phased and cautious approach, with plans to expand into additional states depending on market response and operational conditions.
The move is part of CPCL's strategy to diversify its business operations and strengthen its position in the downstream petroleum sector.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
3 hours ago
- Business Upturn
Is ‘Industry' returning for season 4? Everything we know so far
By Aman Shukla Published on June 21, 2025, 19:30 IST Last updated June 21, 2025, 14:37 IST HBO's Industry is a wild ride through the high-stakes, cutthroat world of finance, and after Season 3's jaw-dropping finale in September 2024, fans are buzzing with one big question: Is Industry Season 4 on the way? Let's dig into the renewal status and when we might see it, and what's next for our favourite scheming bankers. Has Industry Season 4 Been Greenlit? Good news, folks— Industry Season 4 is a go! HBO gave the thumbs-up on September 19, 2024, just before Season 3 wrapped. The show's been killing it, pulling in 1.6 million viewers per episode and a 40% jump in ratings from Season 2. HBO's bigwig Francesca Orsi called it a 'marquee drama' that nails the messy mix of ambition and class. Creators Mickey Down and Konrad Kay are pumped, promising to crank things up a notch. So, yeah, we're getting more of this addictive chaos. Industry Season 4 Potential Release Date No exact premiere date yet, but let's do some quick math based on the show's track record. Season 1 hit screens in November 2020, Season 2 in August 2022, and Season 3 in August 2024—roughly a two-year gap each time. If that holds, we're looking at 2026, maybe August or November. Filming kicked off in the UK in March 2025, which lines up with that timeline. That said, past seasons got delayed by strikes, like the 2023 WGA and SAG-AFTRA mess, so there's a chance it could shift a bit. I'll keep my ear to the ground for updates. What Will Industry Season 4 Be About? Season 3 ended with a bombshell: Pierpoint & Co. got sold to an Egyptian firm, Al-Miraj Pierpoint, and its London office is toast. That's sent our main characters scrambling. Harper's eyeing a big move to New York, pitching a high-risk short-only fund with Otto Mostyn—could we see the Big Apple as a new backdrop? Yasmin's engagement to Henry Muck feels more like a chess move than a love story, setting her up to navigate London's elite while dodging her dad's legal mess. Eric's sitting on a fat payout but no clear path forward, and Rishi's life is a wreck after his wife's death. Mickey Down and Konrad Kay have dropped hints about leaning into a corporate thriller vibe, maybe channeling Michael Clayton . They're doubling down on themes of money, power, and class. While London's gritty finance scene is the show's heart, Harper's New York tease has fans wondering if we'll split time across the pond. Down insists London's vibe is non-negotiable, so expect that to stay central. Reddit's buzzing with theories—some think we'll see UK politics, like Labour's rise or a far-right twist, or maybe new characters riffing on real-life figures like Elizabeth Holmes. For now, though, the plot's locked tight. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
7 hours ago
- Business Upturn
Brigade Enterprises launches Rs 2,100 crore residential project ‘Morgan Heights' in Chennai
Brigade has launched a new residential project in Chennai called Brigade Morgan Heights , located along the Sholinganallur–Medavakkam road. Spread across 14.7 acres, the community is designed to offer a modern, comfortable lifestyle, with a mix of 2, 3, and 4 BHK apartments. The homes range up to 2,599 sq. ft. in size, and the entire development will house around 1,250 units. What stands out about the location is its proximity to the upcoming Classical Tamil Institute Metro Station—just 150 meters away. This is expected to offer easy access to nearby IT parks like Elcot, Wipro, and Cognizant, which are all within a 10-minute drive. The project is being developed under a Joint Development Agreement and has a total built-up potential of about 2.2 million square feet. Brigade Morgan Heights is being positioned as a sustainable, nature-friendly space. The community features solar panels, rainwater harvesting, and organic waste processing systems. Green areas and landscaped spaces are planned throughout the layout, including bird-friendly zones and natural lighting-focused design. Residents will have access to a 40,000 sq. ft. clubhouse that includes a gym, yoga terrace, co-working zones, sports courts, a swimming pool, and more. The project also includes spaces meant for social gatherings and quiet corners for seniors or evening strolls. In short, it's being designed as a self-contained community that balances comfort, connectivity, and a touch of green. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
15 hours ago
- Business Upturn
Nifty 50 top losers this week (June 21): Tata Motors, Adani Ports, Bajaj Finance, Dr. Reddy's, Adani Enterprises and more
By Aman Shukla Published on June 21, 2025, 09:26 IST Indian stock markets ended the week on a positive note, with benchmark indices posting solid gains. Both the Nifty 50 and Sensex rose over 1.5% for the week, recovering losses from the previous week. Several major stocks underperformed this week, with Tata Motors, Adani Ports and Bajaj Finance leading the losses. Let's take a closer look at the top 10 losers of the Nifty 50 this week, according to Trendlyne. Nifty 50 Top Losers This Week Tata Motors closed at ₹676.2, down 5.0% for the week despite a modest daily gain of 0.6%. Adani Ports and Special Economic Zone ended at ₹1349.3, falling 4.0% over the week. Bajaj Finance settled at ₹905.0, recording a weekly loss of 3.0% . Dr. Reddy's Laboratories closed at ₹1325.3, down 2.7% this week. Adani Enterprises ended the week at ₹2448.4, registering a 2.4% decline. Sun Pharmaceutical Industries slipped 1.3% to finish at ₹1665.1. Bajaj Finserv closed at ₹1986.2, falling 1.2% during the week. Bajaj Auto declined 1.1% , ending the week at ₹8371.0. Nestle India recorded a 0.7% drop to settle at ₹2360.4. Hindustan Unilever closed the week at ₹2306.2, down 0.6%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Adani enterprisesAdani PortsBajaj FinanceDr Reddy'sNiftyTata Motors Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
