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NRL records net profit of Rs 232 cr

By Staff Reporter

GUWAHATI, Sept 10 � Numaligarh Refinery Limited (NRL) has posted a net profit of Rs 232.08 crore. It also declared a dividend of 15 per cent for the year 2009-10.

During the financial year, NRL achieved a sales turnover of Rs 7,874 crore posting a gross refining margin of $11.19/barrel, which compares favourably with other refineries in the country. The company�s profit before tax grew by 13.2 per cent to Rs 361.71 crore.

These were revealed at NRL�s 17th annual general meeting today. The meet, presided over by S Radhakrishnan, chairman and managing director, Bharat Petroleum Corporation Limited (BPCL) and chairman, NRL, was attended by Dr BK Das, managing director, NRL and other members of the board, an official release said.

During the year 2009-10, NRL recorded a crude throughput of 2.62 million metric tonnes (MMT), the highest ever in the history of its operations. NRL�s previous highest crude throughput of 2.57 MMT was recorded in 2007-08. Distillate yield (yield of high-value liquid petroleum products) of NRL during 2009-10 was recorded at 85.32 per cent, showing an improved performance against previous year�s figure of 84.72 per cent.

The total dividend to be paid by NRL for the financial year 2009-10 to its shareholders, namely BPCL, OIL and Government of Assam would amount to Rs 110.34 crore. The Assam Government will receive Rs 13.63 crore as dividend for its equity of 12.35 per cent in NRL. During the year, NRL contributed Rs 803.12 crore to the central exchequer while contribution to the Assam Government�s exchequer was Rs 310.36 crore.

Due to adoption of advanced technologies such as extreme high pressure-temperature hydrocracking, NRL�s distillate yield is one of the highest among the refineries in the country. The refinery�s specific energy consumption, a measure of energy efficiency in operation, during 2009-10, was recorded at 67.6 MBN, again an improved performance compared to 70.7 MBN a year ago. NRL also achieved the feat of being the first refinery in the North-East to produce and despatch Euro-IV grade motor spirit (petrol) and Euro-IV HSD (diesel) in compliance with the requirement of auto fuel policy of the Government of India.

On the retail marketing front, NRL�s per pump throughput (PPT) during 2009-10 was 256 KL per month for the North-East and 234 KL per month on all-India basis. NRL�s retail market share in the North-East has reached 13 per cent as on March 31, 2010. NRL�s retail outlet at Jorabat has remained the highest seller among all oil companies in the entire eastern region of the country. Significantly, nearly 90 per cent of NRL�s retail sales are through outlets certified by DNV against stringent quality and quantity protocols.

The year 2009-10 was the fourth consecutive year for the company to have successfully re-used 100 per cent of liquid effluent treated in the refinery as well as in the township, resulting in zero effluent discharge.

Liquid effluent and air quality parameters were constantly monitored and were maintained well within norms, the release said.

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NRL records net profit of Rs 232 cr

GUWAHATI, Sept 10 � Numaligarh Refinery Limited (NRL) has posted a net profit of Rs 232.08 crore. It also declared a dividend of 15 per cent for the year 2009-10.

During the financial year, NRL achieved a sales turnover of Rs 7,874 crore posting a gross refining margin of $11.19/barrel, which compares favourably with other refineries in the country. The company�s profit before tax grew by 13.2 per cent to Rs 361.71 crore.

These were revealed at NRL�s 17th annual general meeting today. The meet, presided over by S Radhakrishnan, chairman and managing director, Bharat Petroleum Corporation Limited (BPCL) and chairman, NRL, was attended by Dr BK Das, managing director, NRL and other members of the board, an official release said.

During the year 2009-10, NRL recorded a crude throughput of 2.62 million metric tonnes (MMT), the highest ever in the history of its operations. NRL�s previous highest crude throughput of 2.57 MMT was recorded in 2007-08. Distillate yield (yield of high-value liquid petroleum products) of NRL during 2009-10 was recorded at 85.32 per cent, showing an improved performance against previous year�s figure of 84.72 per cent.

The total dividend to be paid by NRL for the financial year 2009-10 to its shareholders, namely BPCL, OIL and Government of Assam would amount to Rs 110.34 crore. The Assam Government will receive Rs 13.63 crore as dividend for its equity of 12.35 per cent in NRL. During the year, NRL contributed Rs 803.12 crore to the central exchequer while contribution to the Assam Government�s exchequer was Rs 310.36 crore.

Due to adoption of advanced technologies such as extreme high pressure-temperature hydrocracking, NRL�s distillate yield is one of the highest among the refineries in the country. The refinery�s specific energy consumption, a measure of energy efficiency in operation, during 2009-10, was recorded at 67.6 MBN, again an improved performance compared to 70.7 MBN a year ago. NRL also achieved the feat of being the first refinery in the North-East to produce and despatch Euro-IV grade motor spirit (petrol) and Euro-IV HSD (diesel) in compliance with the requirement of auto fuel policy of the Government of India.

On the retail marketing front, NRL�s per pump throughput (PPT) during 2009-10 was 256 KL per month for the North-East and 234 KL per month on all-India basis. NRL�s retail market share in the North-East has reached 13 per cent as on March 31, 2010. NRL�s retail outlet at Jorabat has remained the highest seller among all oil companies in the entire eastern region of the country. Significantly, nearly 90 per cent of NRL�s retail sales are through outlets certified by DNV against stringent quality and quantity protocols.

The year 2009-10 was the fourth consecutive year for the company to have successfully re-used 100 per cent of liquid effluent treated in the refinery as well as in the township, resulting in zero effluent discharge.

Liquid effluent and air quality parameters were constantly monitored and were maintained well within norms, the release said.