Current Vacancy - Chennai Petroleum Corporation Limited

Current Vacancy -  Chennai Petroleum Corporation Limited


Designation : Engineer

Job Description :

Sr No :  01

Post Name  : Engineer

Qualifications  : - Qualification: First class full-time Bachelor’s Degree in Engineering / Technology in Electrical from a recognized Indian University / Institute approved by AICTE with not less than 60% marks (55% for SC/ ST candidates) in aggregate of all Semesters / Years. Relevant post- qualification  work experience will be given preference.

Company Proifile :

Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), AMOCO and National Iranian Oil Company (NIOC) having a share holding in the ratio 74%: 13%: 13% respectively. Originally ,CPCL Refinery was set up with an installed capacity of 2.5 Million Tonnes Per Annum (MMTPA) in a record time of 27 months at a cost of Rs. 43 crore without any time or cost over run.

In 1985, AMOCO disinvested in favour of GOI and the shareholding percentage of GOI and NIOC stood revised at 84.62% and 15.38% respectively. Later GOI disinvested 16.92% of the paid up capital in favor of Unit Trust of India, Mutual Funds, Insurance Companies and Banks on 19 th May 1992, thereby reducing its holding to 67.7 %. The public issue of CPCL shares at a premium of Rs. 70 (Rs. 90 to FIIs) in 1994 was over subscribed to an extent of 38 times and added a large shareholder base.

As a part of the restructuring steps taken up by the Government of India, IndianOil acquired equity from GOI in 2000-01. In July 2003, NIOC transferred their entire shareholding to Naftiran Intertrade Company Limited, an affiliate, in line with the Formation Agreement, as part of their organizational restructuring. Currently IOC holds 51.89% while NICO holds 15.40%.

Desired Profile :

How to Apply : Applications complete in all respects should be sent in an envelope by ordinary post only, superscribing on the envelope – “Name of the Post.”, to “The Senior Manager (Personnel), Chennai Petroleum Corporation Limited, Post Box No. 1, Manali, Chennai – 600068”, so as to reach latest by 30-06-2011.

Last Date  : 30-06-2011

Education : BE,B.Tech

Location   : Chennai


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