Economy, Banking and Finance · 22 June 2026

Ministry of Finance (MoF) Upgrades Chennai Petroleum Corporation Ltd (CPCL) to Navratna Status

Exam-focused facts from the 22 June 2026 current affairs briefing.

Key facts

  • The Department of Public Enterprises (DPE) under the MoF has elevated CPCL to Navratna Central Public Sector Enterprise (CPSE) status.
  • CPCL, which functions under the Ministry of Petroleum and Natural Gas (MoPNG), has become the 28th Navratna CPSE in India.
  • The company recorded an annual turnover of ₹59,400 crore in FY 2025-26 and held Miniratna Category-I status prior to this upgrade.
  • Indian Oil Corporation (IOCL) serves as the majority shareholder and parent company of CPCL with a 51.89% stake.
  • The Navratna classification empowers the CPSE to invest up to ₹1,000 crore or 15% of its net worth on a single project without seeking prior government approval.

View this story in the full daily briefing

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