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Record profit for NRL

By Staff Reporter
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GUWAHATI, Sept 4 - The Numaligarh Refinery Limited (NRL) has registered the highest-ever profit of Rs 718.31 crore for 2014-15, recording a hefty gain of 93.57 per cent growth compared to the previous year�s net profit. The board also declared 40 per cent dividend. The financial results were placed at the 22nd annual general meeting (AGM) of the NRL held here today.

Addressing a press conference immediately after the AGM, S Varadarajan, Chairman and Managing Director of the Bharat Petroleum Corporation Limited (BPCL) and Chairman of the NRL, said that the rise in profit would definitely give an impetus to the NRL for carrying out future projects. �It (NRL) has recorded a distillate yield of 90.69 per cent, the highest among PSU refineries in the country. The crude throughput during 2014-15 was 2,777 TMT, an increase of 6.3 per cent compared to 2,613 TMT processed during the previous year,� he claimed.

Expressing satisfaction over the growth in revenue, the Chairman of the NRL revealed that revenue from operations stood at Rs 10,827.05 crore, which was 9.62 per cent higher compared to Rs 9,876.76 crore during the previous year. �The NRL has been able to persistently retain the rising trend in its net worth which reached the level of Rs 3,355 crore as on March 31, 2015. It also plans to lay a 135-km petroleum product pipeline from its terminal at Siliguri to Parbatipur in Bangladesh to facilitate sustained exports,� he stated. On fuel export to Myanmar, Varadarajan said that the NRL has been initiating discussions at various levels to ink the deal. �We are planning to enhance the current capacity of 3 MMTPA to 9 MMTPA that will help export our products to neighbouring countries,� he added.

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Record profit for NRL

GUWAHATI, Sept 4 - The Numaligarh Refinery Limited (NRL) has registered the highest-ever profit of Rs 718.31 crore for 2014-15, recording a hefty gain of 93.57 per cent growth compared to the previous year�s net profit. The board also declared 40 per cent dividend. The financial results were placed at the 22nd annual general meeting (AGM) of the NRL held here today.

Addressing a press conference immediately after the AGM, S Varadarajan, Chairman and Managing Director of the Bharat Petroleum Corporation Limited (BPCL) and Chairman of the NRL, said that the rise in profit would definitely give an impetus to the NRL for carrying out future projects. �It (NRL) has recorded a distillate yield of 90.69 per cent, the highest among PSU refineries in the country. The crude throughput during 2014-15 was 2,777 TMT, an increase of 6.3 per cent compared to 2,613 TMT processed during the previous year,� he claimed.

Expressing satisfaction over the growth in revenue, the Chairman of the NRL revealed that revenue from operations stood at Rs 10,827.05 crore, which was 9.62 per cent higher compared to Rs 9,876.76 crore during the previous year. �The NRL has been able to persistently retain the rising trend in its net worth which reached the level of Rs 3,355 crore as on March 31, 2015. It also plans to lay a 135-km petroleum product pipeline from its terminal at Siliguri to Parbatipur in Bangladesh to facilitate sustained exports,� he stated. On fuel export to Myanmar, Varadarajan said that the NRL has been initiating discussions at various levels to ink the deal. �We are planning to enhance the current capacity of 3 MMTPA to 9 MMTPA that will help export our products to neighbouring countries,� he added.

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