GUWAHATI, Aug 24 - The Numaligarh Refinery Limited (NRL), during the year 2017-18, recorded the highest-ever turnover from operations at Rs 15,923 crore, registering a growth of 14.17 per cent over previous year.
At the 25th annual general meeting of the company, which was held at its corporate office here today, NRL also declared a total dividend of Rs 18.50 per share for the year 2017-18.
Profit after tax for the financial year was marginally lower at Rs 2,042 crore as compared to last year. The gross refining margin (GRM) at $11.43 per barrel continued to be one of the best in the industry. Earnings per share (EPS) for the year stood at Rs 27.79, while net worth of the company at the close of the financial year 2017-18 reached Rs 4,968 crore.
The NRL�s contribution to the Central and State exchequer in the form of taxes, duties and dividends in the year 2017-18 has been the highest ever at Rs 4,672 crore.
The AGM was presided over by D Rajkumar, Chairman and Managing Director, Bharat Petroleum Corporation Limited (BPCL) and Chairman-NRL and was attended by SK Barua, Managing Director, other members of the NRL Board and shareholders of the company.
On the physical front, the refinery processed 2,809 TMT of crude oil during 2017-18 achieving a capacity utilization of 93 per cent. Distillate yield recorded by the refinery at 86.7 per cent, specific energy consumption (SEC) at 64.87, MBN and energy intensity index (EII) at 88.3MBN continued to be amongst the best in the industry.
The NRL also recorded highest ever sales volume of 2,912 TMT during the year surpassing the previous high of 2,728 TMT in 2011-12. Motor spirit sales reached an all-time high of 638 TMT. Sale of High Speed Diesel was recorded at 1,841 TMT, while wax sales reached a level of 46 TMT, including export of 7.0 TMT to 24 countries.
Meanwhile, NRL�s share of the domestic wax market scaled up to 45 per cent. On the export front, gas oil (diesel) amounting to 25 TMT was exported to Bangladesh Petroleum Corporation at Parbatipur from the NRL�s terminal at Siliguri.
Commenting on the results recorded during the financial year 2017-18, Chairman D Rajkumar said, �Accelerated by the continued efforts and commitment of its employees and unwavering support of all stakeholders, I assure you that NRL will continue to perform par excellence and deliver results beyond expectation.�
The financial year 2017-18 saw the commissioning of Diesel Hydro Treater Unit (DHDT) in January 2018, which is now producing BS-IV grade HSD (diesel) at 100 per cent capacity utilization and will also meet future BS-VI HSD compliance. In addition, modernization and capacity augmentation of the LPG bottling plant from 10 to 42 TMTPA was completed during February 2018.
An official release said the company�s plans for refinery expansion from 3 MMTPA to 9 MMTPA, a part of the ambitious �Hydrocarbon Vision 2030 for the North East� is under active consideration by the Central government.
Plans for implementing the first of its kind bio refinery with bamboo as feedstock have taken a definite shape with a joint venture company �Assam Bio-Refinery Pvt Ltd� incorporated during June 2018 with equity participation from NRL, M/s Fortum 3BV, Netherland and M/s ChempolisOy, Finland.
In another important development which will have positive ramifications across the region, a joint venture company named M/s Indradhanush Gas Grid Limited was incorporated in August 2018 with equal participation of NRL, IOCL, ONGC, OIL and GAIL for implementation of the North-East Natural Gas Grid Pipeline. This ambitious project will connect all northeastern States to the National Gas Grid through Barauni-Guwahati Gas Pipeline being laid by GAIL.