Mangalore Refinery and Petrochemicals Limited, a subsidiary company of ONGC and a category I Mini Ratna, announced its un-audited financial results for the 1st quarter of 2009-10.
| PHYSICAL PERFORMANCE: (Qty. in MMT) | ||||
| Particulars | Q1 | Variation | FY 2008-09 | |
| 2009-10 | 2008-09 | |||
| Throughput | 2.85 | 2.77 | 3% | 12.59 |
| Dispatches | 2.65 | 2.48 | 7% | 11.76 |
| Exports | 0.83 | 0.75 | 11% | 4.46 |
| Fuel & Loss ( %) | 6.38 | 6.87 | 7% | 6.42 |
Successfully completed Hydro cracker Unit - 2 shut down for catalyst replacement
| FINANCIAL PERFORMANCE: (Rs. In Crore) | ||||
| Particulars | Q1 | Variation | FY 2008-09 | |
| 2009-10 | 2008-09 | |||
| Turnover | 7171 | 11869 | 40% | 42719 |
| Exports | 1822 | 2852 | 36% | 11608 |
| PBIDT | 756 | 1450 | 48% | 2337 |
| PBT | 630 | 1319 | 52% | 1812 |
| PAT | 420 | 845 | 50% | 1193 |
| GRM (US$ / BBL) | 7.98 | 18.36 | 57% | 5.33 |
| Inventory Gain / (Loss) (US$ / BBL) | 4.48 | 11.27 | 60% | 2.48 |
| Avg. Product Realization (US$ / BBL) | 62.48 | 130.60 | 52% | 79.11 |
AWARDS, RECOGNITION AND ACHEIVEMENTS :
- MRPL won the second Prize in Jawaharlal Nehru Centenary Awards for Energy Performance of Refineries given by CHT for 2007-08.
- ICRA reaffirmed Issuer rating of "Ir AAA" to MRPL for lowest credit risk.
MARKETING INTITIATIVES :
- The direct marketing activity of MRPL registered an overall growth of 11% under direct marketing.
- Sale of CRMB (a value added Bitumin) increased by 88% with sales volume of 15 TMT as compared to 8 TMT in the corresponding period of the previous year.
PHASE III: REFINERY PROJECT :
The project is progressing as targeted and the physical progress of work has reached 15% (against the targeted progress of 15%) as on 15.07.2009. This physical progress could be achieved due to MRPL adopting a hybrid style of execution of the project combining EPCM, LSTK and OBE form of contract. Orders for major units have been placed. The orders for long lead critical items have also been placed. The total amount committed so far amount to Rs. 6111 crore.
OTHERS :
GOHDS Revamp :
The GOHDS revamp project, re-scheduled for completion by March 2010 as against earlier target of August 2010 to meet the increased Diesel production of Euro III / IV grade by April 2010, is progressing as per schedule. Supply orders for all critical equipment have been placed.
SPM Implementation :
MRPL proposes to construct a single point mooring facility (SPM) off New Mangalore Port Trust. The draft feasibility report has been received and the same is under independent financial evaluation by M/s. SBI Capital Markets Limited.
CSR ACTIVITIES :
The company, as a socially conscious corporate, continues its 'Samrakshan', programme through multifarious contributions like providing electricity for drawing water at rehabilitation colony for drinking water, donation of medical equipment to hospitals, assisting the schools by providing scientific teaching aids / Sports equipments, distributing the scholarships to deserving students, donating sewing machines to needy women, women's help programmes, providing generators to community centers, providing traffic signals at various locations in Mangalore, providing assistance to Mangalore City Corporation in repairing and restoration of water dam , providing infrastructure facilities to SC / ST communities, assisting to human rights and professional bodies etc. A substantially higher budget of Rs.10 crore has been earmarked for the year 2009-10
Speaking on the occasion Shri R.S.Sharma, Chairman complimented the Team MRPL for the excellent physical performance during the quarter and thanked all the stakeholders for their unstinted support and confidence in MRPL.