May 11 , 2007

CPCL RECORDS IMPRESSIVE GROWTH

Highest-ever Crude Thruput:

CPCL achieved a record crude thruput of 10.40 Million Metric Tonnes (MMT) in 2006-07 against the previous best of 10.36 MMT achieved in 2005-06. Manali Refinery operated at 103% of design capacity and processed highest-ever 9.78 MMT of crude oil.

CPCL’s ACHIEVEMENTS DURING 2006-07:

Secondary processing units at Manali, viz. OHCU and FCCU also recorded highest capacity utilization of 110% and 113% respectively.

During the year, Cauvery Basin Refinery (CBR) processed highest-ever Natural Gas of 71.6 TMT for LPG recovery, compared to the previous best of 63.9 TMT during the year 2003-04.

Distillate Yield

Even at the enhanced crude thruput, the Distillate Yield percentage level could be maintained by higher secondary processing.

Processing of high sulphur crude oil during the year was 67%. We have been steadily increasing the Sulphur content in our Crude Basket from 1.30% during the year 2001-02 to 1.58% in 2006-07.

TURNOVER: IMPRESSIVE INCREASE OF about 16%

The turnover for the year 2006-07 was the highest-ever at Rs.29349 Crore as against Rs.25409 Crore in the previous year registering an increase of about 16%.

PROFIT AFTER TAX:

The Profit Before Interest, Depreciation and Taxes (PBIDT) for the year 2006-07 is Rs.1311 Crore.

The Profit Before Tax is Rs.881 Crore as against Rs.723 Crore for the previous year.

The Profit After Tax (PAT) for the current year is Rs.565 Crore as against Rs.481 Crore for the previous year i.e. an increase of 18 %.