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
·
As
a step towards widening the crude oil basket, CPCL processed 3 new crudes
during 2006-07 i.e. Marib Light from
Energy Index
Energy Index of Manali Refinery has been
improving over the years and it was at its best so far at 76 during
2006-07. CPCL has identified Twenty Two
energy conservation actions to bring down energy consumption index to about 72
in the next 2 to 3 years. CPCL has also
taken up an Integrated Refinery Business Improvement Programme through an
external Consultant, which will include Fuel & Loss reduction.
CPCL’s efforts in bringing down Manali
Refinery’s Energy Index for the previous year (2005-06) have been awarded with
Jawaharlal Nehru Centenary Award for energy performance by Centre for High
Technology under MOPN&G.
Highest Production and
·
Boom in Aviation Sector has resulted in over
25% growth in ATF consumption in Southern Region. Manali refinery caters to the ATF requirement
of the entire State of
·
MS, HSD, FO and Propylene also recorded highest ever
production in Manali Refinery in 2006-07.
·
CPCL’s Total Direct Sale volume of Specialty products has increased by
about 20%.
Product Exports
Domestic sales have been maximized and our
refinery products are moving up to Kolkatta on the East Coast and up to Mumbai
in the West Coast after meeting local demand.
Product export in 2006-07 has increased 29% by volume (827 TMT against
641 TMT previous year) and 16% by value (Rs.1533 Crore against Rs.1321 Crore in
previous year). Exports were made to
countries like
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
%.
GROSS
REFINERY MARGIN (GRM):
·
CPCL
achieved GRM of US$ 5.0 for the year 2006-07 net of under recoveries.
·
While
subsidy sharing with Oil Marketing Companies in respect of LPG & SKO has
been withdrawn with effect from 1.4.2006, Customs Duty in MS and Diesel has
been brought down from 10% to 7.5% with effect from 16.6.2006 thus reducing the
duty protection to refineries substantially.
DIVIDEND:
The Board of
Directors has recommended a dividend of
120 % for 2006-07.
Payments to Exchequer:
CPCL’s
payment to Governments Exchequer during this year has been Rs. 6175 crore
compared to Rs. 5436 crore during the year 2005-06.
CPCL’S IMPRESSIVE RECORD ON
PLAN OUTLAY UTILISATION:
CPCL’s X Plan outlay was Rs. 2400 Crore. During this period (2002-2007), an
expenditure of Rs. 2315 Crore has been incurred which is 96.5% of the Plan
Outlay utilisation. (The major projects completed under X Plan outlay were 3
MMTPA Refinery Expansion cum Modernisation Project and FCCU De-bottlenecking
Project.)
During the XI Plan period (2007-2012) major
projects considered are Auto Fuel Quality Upgradation to Euro IV
specifications, Resid Upgradation project and Capacity Augmentation of Refinery
III Crude Unit.
NEW FACILITIES COMMISSIONED BY CPCL:
2.5 MGD capacity Sewage Reclamation Plant:
A new 2.5 MGD Capacity Sewage Reclamation Plant
was commissioned in December ’06 at a cost of Rs.47 crore to enhance the water
availability for Manali refinery by processing Metro Sewage. This plant adopts a new development in
Biological treatment which replaces aeration tank and clarifier with Sequential
Batch Reactor etc. for reducing environmental impact.
Offsite Automation Project
An Offsite Automation facility for auto
blending of various components of MS, Diesel and Furnace Oil has been completed
during this year at a cost of Rs.26.8 crore.
This project will improve the blending operations for meeting the
product specification.
Projects under
Implementation:
Sea Water Desalination Project
CPCL’s 5.8 MGD Sea
Water Desalination Project has made around 70% progress. This plant is being built at an estimated
cost of Rs.231.34 crore to ensure uninterrupted water supply to Manali
Refinery. This Project is expected to be completed by December 2007.
Gas Turbine Project
Installation of a 20
MW Gas Turbine in Manali Refinery is in progress at a cost of Rs.158
crore. This project is expected to be
completed by November 2007.
Refinery III - Capacity
augmentation at Manali
Debottlenecking
of Refinery III unit at Manali from 3 MMTPA to 4 MMTPA capacity at an estimated
cost of Rs.134 crore has been taken up.
With the implementation of this project, the refining capacity at Manali
will increase from 9.5 MMTPA to 10.5 MMTPA.
The project is expected to be completed by March 2009.
New Crude Oil Pipeline
Laying of a new 42” crude oil pipeline is taken
up from Chennai Port to Manali Refinery along the route of the proposed Port
Connectivity Road. Progress of laying
this pipeline depends on the R&R activities of the road project and is
expected to be completed by end 2008.
Windmill Farm for Desalination
Project
In order to promote clean energy and contribute
to the global movement in reducing green house gas emissions, CPCL is setting
up a Windmill Power Project of 17.6 MW capacity at Palghat pass near
Pollachi. The power generated from this
windmill farm will be used for the requirements of CPCL’s 5.8 MGD Desalination
Plant at Chennai through wheeling arrangement with TNEB. This project will cost Rs.90 crore and expected
to be commissioned by Aug.’07. Four out
of twenty two Wind Mills coming under this project are expected to be
commissioned in the current month. With this project, CPCL is the first PSU in
the Country to have its own Windmill Farm of this magnitude for power
generation.
Preparedness for Auto Fuel Quality Upgradation
to Euro IV standard
For meeting Euro-IV specifications of MS and HSD within the time target
of 1st April 2010, CPCL has taken up three projects:
1.
Revamp of existing NHDT / CRU to a Continuous catalytic Reformer
2.
Installation of a new Diesel Hydro Treating Unit and
3.
Installation of a new Isomerisation Unit
Implementation of these projects is estimated to cost around Rs.2000
crore. Licensor selection has been
completed and the project is scheduled to be commissioned by end 2009.
New Project Initiatives:
Resid Upgradation Project
Manali Refinery has targeted 10% rise in Distillates yield by taking up
Resid Upgradation Project. The pre-project activities have commenced. The project will have a Delayed Coker Unit
along with associated facilities and is expected to cost about Rs.3000 crore
and get commissioned in 2010.
Propylene Recovery Unit
In order to tap the full Propylene potential available in LPG from
FCCU, it is proposed to put up a Propylene Recovery Unit at Manali Refinery and
Prefeasibility report is under preparation now.
The project is expected to cost about Rs.300 crore. We are looking for a downstream customer
tie-up.
All the new Project initiatives taken up by CPCL for the next five
years is expected to cost AROUND Rs. 6000 crores.
A new Grass–root
Refinery cum Petro-Chemical Complex at Ennore:
It is also proposed to set up a new 15 MMTPA Grass-root Refinery cum
Petrochemical Complex at Ennore near Chennai.
Process configuration study and prefeasibility study through EIL has
been undertaken for this project. About
3000 acres of land at Ennore is being sought by CPCL from Government of
TamilNadu.
New Product Pipelines
of IOC from CPCL’s Manali Refinery:
·
During
2006-07, about 538 TKL of products like SKO, MS and HSD has been pumped to
Trichy, Madurai and Sankari market fed zones through Chennai-Trichy-Madurai
Pipeline (CTMPL).
·
Work started for a dedicated ATF pipeline from Manali Refinery to
Chennai Airport.
·
Product pipeline from Chennai to Bangalore is also envisaged.
CORPORATE SOCIAL RESPONSIBILITY
As an on-going Corporate Social Responsibility
activity, CPCL has been running a ITI/Polytechnic college at Manali since 1985.
This Institute runs Diploma courses in Mechanical Engineering &
Petrochemical Engineering in Polytechnic college and Electrician & Welder
courses in ITI. Further, a ‘Fitter’
course and ‘Electronics & Communications Engineering’ course is being
introduced in this Institute.
CPCL has been committed in the areas of
Community Development activities and spent around Rs.150 lakhs during 2006-07
under health care, educational infrastructure, sports development,
socio-cultural activities etc.
Public Ranking
In the Standard & Poor’s (S&P) Global
Challengers List 2006, CPCL has been identified as one among the 300 mid sized
companies in the world to challenge the World’s Leading Blue chip
companies. Only 7 companies from India
have been identified in this list in which CPCL is the only company in the Oil
& Gas sector.
