MRPL achieved highest ever distillate yield in financial year: R S Sharma

10:10 PM, Saturday, September 4th, 2010
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Mangalore : The refinery achieved highest ever distillate yield of 72.8 percent at 12.5 MMTPA operating level in the financial year which ended up on March 31, 2010, said Mr R S Sharma, chairman, Mangalore Refinery and Petrochemicals Ltd.
He was speaking at the press meet held on Annual Report at MRPL on September 4, Saturday. He also said that, the company has put in a very creditable performance in the background of the challenging industry scenario and the performance results of the peers.

The company earned a net profit after tax of Rs 1, 112 crore, marginally lower, against Rs 1,193 crore previous year, as no MAT credit was available during the year. It also continues to do extremely well both in energy conservation and safety management.
The refinery has achieved the lowest energy index of Rs 58.27 MBN. The company has been adjudged as the first in the category of most consistent safety performer in refineries for the year 2009-2010 by Oil Industry Safety Directorate (OISD), he said.
The company has successfully completed 1002 days of accident free operations as on March 31, 2010, he informed.
MRPL Managing Director U K Basu, said that the chairman is frequently participating in the discussion with petroleum and finance ministry. We also have long term strategy on marketing and the company is conscious about it.
Further the ONGC-MRPL is implementing Phase III Refinery project at an estimate cost of Rs 12, 412 crore with an objective to increase profitability by increasing the design refining capacity to 15 MMTPA, to process more of Low Price High Sulphur/ High Acid Heavy Crude Oils, increasing the distillate yield by upgrading low value Black Oils, producing value added products like Propylene and up gradation of its total diesel pool to superior grade, he added.
Lekshmi M Kumaran, DGM Corporate Communications of MRPL was present on the occasion.


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