Dividend Stock 2026: Indian Oil-backed company announces Rs 8 per share cash reward - Check stock name, record date

Corp Dividend 2026: Shares of Indian Oil Corporation Ltd (IOC)-backed Chennai Petroleum Corporation Limited (CPCL) will remain in focus in the coming week as the state-owned oil company has approved an interim dividend for its shareholders. The decision in this regard was taken in the board meeting that commenced at 3 PM and concluded at 4.15 PM today, March 26. Chennai Petroleum Corporation Limited (CPCL), formerly known as Madras Refineries Limited (MRL), was formed as a joint venture in 1965 between the Government of Amoco, and the National Iranian Oil Company (NIOC). It is one of the leading group companies of Indian Oil.