|NRL registers Rs 183-cr profit|
GUWAHATI, Sept 7 – Numaligarh Refinery Limited (NRL) has posted a net profit of Rs 183.70 crore and has declared a dividend of 10 per cent for the year 2011-12. However, profitability was affected primarily due to the negative impact of duty restructuring in June 2011.
This was disclosed at its 19 th Annual General Meeting (AGM) held here today which was attended by RK Singh, CMD of Bharat Petroleum Corporation Limited (BPCL) and Dipak Chakravarty, Managing Director, NRL and other members of the NRL Board.
During the period, 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 total sales volume of NRL also grew by 27.7 per cent to 2728 TMT compared to 2137 TMT in the previous year, an NRL release claimed.
The company’s net worth as on March 31 stands at Rs 2699.26 crore compared to Rs 2601.06 crore at the end of the previous year. NRL, during 2011-12 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. It also contributed an amount of Rs 859.60 crore to the Central exchequer, while the contribution towards the State Government was to the tune of Rs 555.92 crore.
The release said that the NRL is facing several challenges like sub-economic size of the refinery and inadequate availability of crude oil in the North East.
Meanwhile, NRL is also exploring opportunities for diversification into sectors with promising potential such as power generation, pipelines, exploration and production.