Numaligarh Refinery Limited registers Rs 183.7 crore profit
Numaligarh Refinery Limited has registered a net profit of Rs 183.70 crore and has declared a dividend of ten per cent for the year 2011-12.
By PTI |
GUWAHATI: Numaligarh Refinery Limited has registered a net profit of Rs 183.70 crore and has declared a dividend of ten per cent for the year 2011-12.
Presiding over the 19th Annual General Meeting of shareholders, NRL Chairman R K Singh said that profit before tax (PBT) recorded by the refinery was Rs 287.46 crore.
''The total dividend to be paid by NRL to its shareholders - BPCL, OIL and Assam government would amount to Rs 73.56 crore'', he said.
NRL, he said, was exploring possibilities for diversification into sectors like power generation, pipelines, exploration and production.
The refinery's close proximity to countries like Bangladesh, Bhutan and Myanmar presents another opportunity of natural markets for its products.
''An amount of Rs 8,955 crore has already been provided in the 12th Five Year Plan Outlay and the company is also pursuing a broad array of growth opportunities by way of implementing several value added projects'', he said.
In its pursuit to be a technology savvy company, NRL has successfully implemented B2B (Business to Business) process with Oil India Limited for purchase of crude oil and sale of products.
This initiative has resulted in savings in time, effort and money and is the first event of B2B implementation between an upstream company and a downstream company in the oil industry, Singh said.
Product exchange process between NRL and Other Oil Marketing Companies like HPCL and IOCL has also been successfully automated through B2B transactions over ERP systems during 2011-12, he added.
During 2011-12, the refinery processed highest ever quantity of crude oil of 2825 TMT against 2250 TMT in the previous year, achieving an increase of 25.6 per cent.
The refinery recorded the highest ever sales turnover of Rs 14,027.75 crore recording a growth of 56.4 per cent over previous year's turnover of Rs 8,972.19 crore, company sources said.
NRL also contributed Rs 859.60 crore to the central exchequer while contribution to the Assam government was to the tune of Rs 555.92 crore.
On the physical front, it achieved its best ever performance during the year with the highest ever processing of 2825 TMT crude against 2250 TMT in the previous year.
Presiding over the 19th Annual General Meeting of shareholders, NRL Chairman R K Singh said that profit before tax (PBT) recorded by the refinery was Rs 287.46 crore.
''The total dividend to be paid by NRL to its shareholders - BPCL, OIL and Assam government would amount to Rs 73.56 crore'', he said.
NRL, he said, was exploring possibilities for diversification into sectors like power generation, pipelines, exploration and production.
The refinery's close proximity to countries like Bangladesh, Bhutan and Myanmar presents another opportunity of natural markets for its products.
''An amount of Rs 8,955 crore has already been provided in the 12th Five Year Plan Outlay and the company is also pursuing a broad array of growth opportunities by way of implementing several value added projects'', he said.
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In its pursuit to be a technology savvy company, NRL has successfully implemented B2B (Business to Business) process with Oil India Limited for purchase of crude oil and sale of products.
This initiative has resulted in savings in time, effort and money and is the first event of B2B implementation between an upstream company and a downstream company in the oil industry, Singh said.
Product exchange process between NRL and Other Oil Marketing Companies like HPCL and IOCL has also been successfully automated through B2B transactions over ERP systems during 2011-12, he added.
During 2011-12, the refinery processed highest ever quantity of crude oil of 2825 TMT against 2250 TMT in the previous year, achieving an increase of 25.6 per cent.
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The refinery recorded the highest ever sales turnover of Rs 14,027.75 crore recording a growth of 56.4 per cent over previous year's turnover of Rs 8,972.19 crore, company sources said.
NRL also contributed Rs 859.60 crore to the central exchequer while contribution to the Assam government was to the tune of Rs 555.92 crore.
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On the physical front, it achieved its best ever performance during the year with the highest ever processing of 2825 TMT crude against 2250 TMT in the previous year.
The refinery's Specific Energy Consumption, a measure of energy efficiency in operation was recorded at 59.7 MBN and natural gas utilisation facilities at the Hydrogen Unit were successfully commissioned.
On retail marketing front, NRL's per pump throughput (PPT) was 277 KL per month in the North East against 270 KL per month in the previous years while outside the North East was 275 KL per month compared to 252 KL per month in the previous year, the sources added.
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