
Continental Petroleums Limited (CPL), a leading entity in the lubricants, EPC, and hazardous waste management sectors, announced that shareholders have approved its ambitious expansion initiatives, paving the way for significant investments to drive growth and sustainability.
Key Resolutions Approved:
- Expansion of EPC Projects in Power and Solar Energy Sectors:
- CPL will enhance its focus on renewable energy and power transmission infrastructure, supported by an order book of ₹3,212 crores.
- Additional project bids worth ₹3,175–3,200 crores are planned in the coming months.
- Entry into Solar Power Projects under PM KUSUM-C Yojana:
- Capital will be allocated to solar projects with 25-year Power Purchase Agreements (PPAs) with Rajasthan’s electricity departments.
- The initiative supports the installation of 1 MW solar power capacity.
- Expansion in Hazardous Waste Management:
- A new Waste Mix Processing Facility with a 90,000 MTA capacity will be established in Behror, Rajasthan, serving major cement manufacturers and advancing environmental goals.
- Growth in Lubricants and Greases Export Market:
- The acquisition of Unique Techno Associates Pvt Ltd. (UTAPL) will boost international exports, leveraging UTAPL’s network spanning over 10 countries.
These initiatives are projected to propel CPL’s topline to ₹3,500–3,400 crores in the coming years, enhancing profitability and securing its leadership in target sectors.
Mr. Madan Lal Khandelwal, Chairman of CPL, remarked, “These strategic expansions position CPL to achieve remarkable growth while contributing to sustainable development. We thank our shareholders for their unwavering trust and support.”