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CPCL
RECORDS IMPRESSIVE GROWTH; EXPANSION PROJECT YIELDS INCREASED
PROFITS
Crude thruput up by 27%
The crude thruput for the
year 2004-05 was 8.92 Million Metric Tonnes (MMT) which was
27% higher than the previous year crude thruput of 7.04 MMT.
Manali Refinery processed 8.18 MMT and Cauvery Basin Refinery
processed 0.74 MMT.
Phenomenal increase of 73%
The turnover for the year
2004-05 was the highest ever at Rs.16,296 crore as against Rs.9,430
crore in the previous year registering an increase of about
73%. The turnover was higher mainly due to increase in crude
thruput and higher prices for the products based on import parity.
Impressive growth of 49%
The profit before interest,
depreciation and tax for the year 2004-05 is Rs.1,300 crore
as against Rs.737 crore during 2003-04. The profit after tax
during 2004-05 is Rs.597 crore as against Rs.400 crore during
last year registering an increase of 49%. The increase in profit
is a result of higher thruput, higher production of value-added
products like LPG, MS, ATF and HSD.
The Board of Directors has
recommended a Dividend of 120%. CPCL AMONGST FIRST FEW REFINERIES
TO PRODUCE EURO-III MS AND HSD WELL IN ADVANCE OF DEADLINE
- Once-through Hydro-cracker Unit (OHCU)
and its associated facilities were successfully commissioned
in August 2004.
- FCC Unit revamped at a cost of about Rs.92
crore was commissioned in October 2004. This resulted in total
integration of Expansion Project with existing units.
- CPCL started producing and supplying Euro
III grade of MS & HSD from January 2005 – well ahead
of the scheduled date of April 2005.
- Since December 04, Manali refinery has
been consistently operating in excess of 100% of expanded
capacity.
- Highest ever production of LPG, MS, ATF
and HSD.
- All time high sales of Wax and Sulphur.
- Foreign currency loan of USD 218 mn availed
with an overall cost of 2%.
- CPCL – Manali Refinery processed
highest ever-High Sulphur Crude (about 70%).
- Propylene recovery unit was revamped to
enhance the production capacity from 17 TMTPA to 30 TMTPA.
- CPCL exported various products to the tune
of 478 TMT during this year.
- CPCL contributed Rs. 2.5 crore to the Prime
Minister’s National Relief Fund towards Tsunami. CPCL
employees have contributed Rs. 11.08 lakhs to the Chief Minister’s
Public Relief Fund for the same.
CPCL’s X Plan outlay
is Rs. 2400 Cr. During the first three years of the 10th Plan,
an expenditure of Rs. 2104 Cr. has been incurred. 100% Expenditure
on Plan schemes has been achieved for the 3rd consecutive year.
As against the approved outlay of Rs.220 crore for the year
2004-05, the actual expenditure was Rs. 235 Cr.
CPCL has undertaken two major
water related projects to ensure its operations are not adversely
affected due to water shortage.
The first is a 5.8 MGD (27
MLD) Sea-water Desalination Project at a cost of Rs.193 crore
to be located at Ennore. Parties have been short-listed and
bids are under scrutiny. The project is scheduled for completion
by mid 2007.
The second is augmentation
of the existing Sewage treatment Plant by another 2.5 MGD with
secondary treated sewage from Chennai Metro at a cost of Rs.44
Cr. The plant is schedule for commissioning by May 2006.
150 TMTPA Poly-propylene Unit
With the increased potential
for Propylene at Manali, CPCL has undertaken a Detailed Feasibility
Report for a 150,000 TPA Poly-propylene Unit at Manali. The
Pre-feasibility report estimated the project cost to be Rs.1100
crore.
LNG Terminal at Ennore
IOC and CPCL are jointly proposing
to establish a RLNG terminal at Ennore. A Detailed Feasibility
report is under preparation. The project would be 2.5 MMTPA
expandable to 5 MMTPA. Initial estimates put the project cost
at Rs.1700 crore. IOC is actively proceeding with long-term
agreement to source the LNG.
New Crude Oil pipeline
Keeping in view the
capacity expansion of the refineries at Manali to 9.5 MMTPA,
a new 42” crude oil pipeline will be laid from Chennai
Port to Manali Refinery along the route of the proposed Port
Connectivity Project. The project cost is about Rs.52 crore.
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