 "Numaligarh Refinery FY13 net profit at Rs 144 cr")
Guwahati: Numaligarh Refinery Ltd (NRL)has registered a net profit of Rs 144 crore with a total sales turnover of Rs 8,753 crore for financial year 2012-13.
Addressing the Annual General Meeting, NRL chairman and managing director of Bharat Petroleum Corporation Limited (BPCL), RK Singh said the refinery’s net worth has risen to Rs 2,757 crore as on 31 March 2013.
The total dividend to be paid by NRL for last financial year to its shareholders-BPCL, Oil India Ltd and Assam government-was 10 percent, amounting to Rs 73.56 crore.[caption id=“attachment_1090969” align=“alignleft” width=“380”]  Numaligarh Refinery Limited. Image courtesy NRL[/caption]
Assam government shall receive Rs 9.08 crore as dividend for its equity of 12.35 percent in NRL. The company has contributed Rs 748 crore to the Central exchequer, while its contribution to the state exchequer was Rs 280 crore.
On the physical front, even within prevailing constraints of lower crude availability, crude oil processing was maximised to the extent possible and by the end of the year, 2,478 TMT (thousand metric tonnes) crude throughput was achieved, he said.
NRL went on to record 91.11 percent distillate yield, which was the highest amongst PSU oil refineries in the country, while specific energy consumption-a mark of energy efficiency in operations-was limited to the level of 59.7 MBN.
On the safety front, the refinery has completed over 11 years of operations without any loss time accident and for its safety management systems, NRL has been awarded the Shrestha Suraksha Puraskar 2012 by the National Safety Council, Singh added.
On marketing front, Singh said, out of 2,410 TMT of petroleum products marketed by the company, 22 per cent were sold within North Eastern region while balance 78 per cent was sold outside, with the bulk, aggregating to 85 per cent, being sold to BPCL.
In order to sustain profitable operations on a long term basis, the company is actively pursuing its refinery expansion plans to increase its capacity from 3.0 MMTPA to 9.0 MMTPA.
Simultaneously, sourcing and transportation of imported crude oil through a pipeline from Dhamra Port in Odisha is being arduously pursued, he said.
The capacity expansion of the refinery is expected to address the challenges that NRL faces such as sub-economic size of the refinery and inadequate availability of crude oil in the North East, Singh said.
The estimated investment in the refinery expansion and the associated crude oil pipeline project would be about Rs 14,000 crore.
Expenditure on plan projects during the year was Rs 161 crore with the Wax Project, involving a cost of Rs 577 crore under implementation and scheduled for completion during the current financial year.
In order to supply petrochemical grade Naphtha to Assam Gas Cracker Project, a Naphtha Splitter project at a cost of Rs 87 crore under the non-plan head has been completed.
NRL has invested a sum of Rs 127 crore towards 10 percent equity in Brahmaputra Cracker and Polymer Limited, which is implementing the prestigious Assam Gas Cracker project.
The meeting was attended by NRL managing virector Dipak Chakravarty and other members of the Board.
PTI
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
](https://images.firstpost.com/wp-content/uploads/2013/09/NRL380NRL.jpg){kind=link}