NRL records Rs 373 cr profit in FY'07-08

Guwahati, Sep 12 (UNI) The Numaligarh refiery Limited(NRL) had notched up Rs 373 crore net profit registering a highest-ever refinery throughput of 2.57 million tonnes in the previous fiscal despite facing challanges of marketing under recoveries.

After attending the 15th Annual General Meeting (AGM) here today, NRL Chairman Ashok Sinha, also the Bharat Petroleum Corporation Limited (BPCL) Chairman and Managing Director, said a resolution was adopted to declare a dividend of 20 per cent for the previous fiscal.

With this, the total dividend to be paid by NRL for the financial year 2007-08 to its shareholders, namely BPCL , Oil India Limited and the Assam government, will amount to Rs 147.13 crore. The Assam government will also receive Rs 18.17 crore dividend for its equity of 12.35 per cent in NRL.

The contribution by NRL to the exchequer of Assam Government including taxes and duties for the year 2007-08 was Rs 241.42 crore.

The previous fiscal had seen the refinery achieve 85.6 per cent capacity utilisation.

The company also achieved a sales turnover at Rs 8,764 crore in the previous fiscal against a turnover of Rs 7,930 crore in FY'06-07 registering a growth of 10.5 per cent.

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