08-03-06
INTERNATIONAL WOMEN’S DAY CELEBRATION AT NRL

As part of its Corporate Social Responsibility with particular emphasis on gender Budgeting, Numaligarh Refinery Limited celebrated International Women’s Day on 8th March’ 06 in a befitting manner. A special function was organized at Ponka Girls M.E School to mark the occasion under the initiative of the Community Development Cell of Numaligarh Refinery Ltd . The main theme of the function was women education and a financial package to the tune of Rs 4,80,000.00 for the development of infrastructure facilities of 3 girl’s schools of the nearby villages was declared at the function. It may be mentioned that NRL had recently released a grant of Rs. 86,000.00 for piggery & mushroom cultivation to women entrepreneurs of the nearby villages. Further, an amount of Rs. 92,200.00 was granted as economic assistance & scholarship to physically handicapped women & girl students of the villages in the vicinity of the Refinery. NRL officials narrated the schemes taken by the company towards development of woman folk in the vicinity of NRL and insisted on the need of education specially to the girl child. The function was attended by teachers and students from 4 neighboring girl’s Schools namely Panka Girls ME School, Numaligarh Girls ME School, Dandeswar Saikia Girls High School, Choukona Kasupathar Girls ME School and Panka Girls High School apart from women self help group members of the locality.

09-01-06
NRL CONTRIBUTES RS 5 LAKHS TO CHIEF MINISTER’S RELIEF FUND, ASSAM

As in the previous years, Numaligarh Refinery Limited has come forward with financial help for taking up relief operations by the state machinery. In order to provide relief to the victims of the recent ethnic conflict in Karbi Anglong District of Assam, the Company contributed an amount of Rs. 5.00 lakhs to the Chief Minister’s Relief Fund, Assam.

The cheque was formally handed over to Shri Tarun Gogoi, Hon’ble Chief Minister of Assam, by Shri B.K.Das Managing Director NRL on 09-01-06 in presence of Shri Himanta Biswa Sarma Hon’ble Minister of State for Planning Development & Finance, representatives of the Govt. of Assam and directors of the Company.

The above gesture is in continuation to the earlier efforts of the company to contribute and be of help during times of distress for the state. It may be mentioned that the company had earlier contributed an amount of Rs. 20 lakhs to the Chief Minister’s relief fund during the month of September, 2005 for the cause of flood affected people of the state.

11-11-05
NRL OBSERVES VIGILANCE AWARENESS WEEK-2005

The Vigilance Awareness Week, 2005 started at Numaligarh Refinery Limited on 7/11/05 with the administering of oath at the Administrative Building of NRL at Numaligarh. The pledge of integrity was administered in English by Sri Pallab Bhattacharyya IPS, Chief Vigilance Officer and in Hindi by Sri H N Choudhury, DGM (Maintenance). A brief elucidation on The Rights to Information Act, 2005 was presented by Sri P K Bora, DGM (PC&CC). The message sent by the Sri P Shankar, Central Vigilance Commissioner and Sri Janki Ballabh, Vigilance Commissioner was read out by Sri Dipak Chakravarty, General Manager (Refinery). The Chief Vigilance Officer in his speech elaborated on the significance of the week and also enumerated the various steps under preventive, detective and punitive vigilance, undertaken by the Vigilance Department of the Company. Sri R C Chaudhury, Director (Technical) explained the need of vigilance in an organization by his lucid illustrations drawn from various treatise and highlighted their relevance in the modern day world. In his speech, Sri B K Das, Managing Director of the Company impressed upon the need of transparency and pursuance of laid down procedures in our day to day dealings and the importance of integrity in the organizational behaviour of the employees. The meeting was conducted by Sri N K Sarma, Manager (Vigilance) and the vote of thanks was offered by Sri A R Baruah, Chief Manager (P&A).

A speech competition on vigilance was organized in DPS Numaligarh to inculcate a sense of integrity and honesty in the minds of the impressionable student community and the topics brought about crystallization of their ideas in this field. The debate ended with distribution of prizes among the deserving students.

The lessons learnt through various ongoing examinations of jobs were shared with the operative head of the departments in a largely attended meeting on 9/11/05. This was followed by a meeting with the prominent citizens of the locality on the matter of vigilance not only in the field of financial dealing but also on the point of security of the Refinery. The meeting was addressed prominently by Sri Madan Chetia, the Superintendent of Police Golaghat among other dignitaries.

The Vigilance Awareness Week was concluded on 11.11.05 with an interaction programme with the retail outlet dealers of the North East of NRL at the auspices of the Marketing Department. This interaction highlighted the importance of having a lacuna free transportation system in marketing environment and a lucid elaboration of the Marketing Discipline Guidelines issued by the Ministry of Petroleum and Natural Gas. The active response of the dealers present and emerging of a number of suggestions both from the Marketing Department and the retail outlet dealers to improve the existing service to the customers is an eloquent testimony to the success of the meeting.

16-09-05

NUMALIGARH REFINERY LIMITED PAYS RECORD DIVIDEND OF Rs. 15.44 CRORES TO GOVERNMENT OF ASSAM

Numaligarh Refinery Limited has paid an amount of Rs. 15.44 crores as dividend for the financial year 2004-05, to the Govt. of Assam, one of the promoters holding 12.35% shares in the Company. This dividend of Rs 15.44 crores is 93 % higher than the previous year’s dividend of Rs. 7.99 crores. The dividend cheque was formally handed over to Shri Tarun Gogoi, Hon’ble Chief Minister of Assam, by Shri B.K.Das, Managing Director NRL on 16-09-05 in presence of Shri Himanta Biswa Sarma Hon’ble Minister of State for Planning Development & Finance, representatives of the Govt. of Assam and directors of the Company.

The payment of dividend equivalent to 30% post tax profit to the shareholders was approved in the Company’s 12th Annual General Meeting held on 09-09-05 at it’s registered office at Guwahati. It would be relevant to mention that during the financial year 2004-05, NRL had registered record sales turnover of Rs. 4298.99 crores and Profit after Tax of Rs. 409.15 crores. The increase in revenue during the year enabled the Company to contribute a handsome amount of Rs. 142.58 crores to the Govt. of Assam, in the form of taxes and duties.

16-09-05

NUMALIGARH REFINERY LIMITED CONTRIBUTES RS 20 LAKHS TO CHIEF MINISTER’S RELIEF FUND, ASSAM

As in the previous years, Numaligarh Refinery Limited has come forward with financial help for taking up various welfare works and relief operations by the state machinery. The Company contributed an amount of Rs. 20.00 lakhs to the Chief Minister’s Relief Fund, Assam. The cheque was formally handed over to Shri Tarun Gogoi, Hon’ble Chief Minister of Assam, by Shri B.K.Das Managing Director NRL on 16-09-05 in presence of Shri Himanta Biswa Sarma Hon’ble Minister of State for Planning Development & Finance, representatives of the Govt. of Assam and directors of the Company.

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AGM PRESS RELEASE
09-09-05

NUMALIGARH REFINERY LIMITED DECLARES 30% POST TAX PROFIT AS DIVIDEND – GOVT. OF ASSAM TO RECEIVE OVER RS 15 CRORES AS DIVIDEND FOR THE YEAR 2004-05

The twelfth Annual General Meeting of Numaligarh Refinery Limited (NRL) was held on 9th September 2005 at its registered office at Guwahati. The meeting was presided over by Shri Ashok Sinha, Chairman, NRL and C&MD, Bharat Petroleum Corporation Limited. The resolution of declaring 30% of post tax profit as dividend to share holders as per recommendation of NRL’s Board was adopted in the AGM.

NRL came out with impressive financial results for the year 2004-05, with a record Profit after Tax (PAT) of Rs. 409.15 crores, registering a growth of 90% over the previous year’s PAT of Rs. 214.95 crores. The high level of profit is attributable to a number of factors including higher refining gross margin, higher distillate yield and lower fuel & loss. Sales turnover during the year rose by 33.5% to Rs. 4298.99 crores from the previous year’s level of Rs. 3220.26 crores.

A very significant aspect of the Company’s operations is its rising contribution to the State Exchequer. NRL contributed a record amount of Rs. 142.58 crores during FY 2004-05 to the Government of Assam in the form of taxes and duties compared to Rs. 109.44 crores in the previous year. Additionally, the dividend payout to the State Government which holds 12.35 % of the Company’s paid up equity, would be the tune of Rs. 15.43 crores vis-à-vis the dividend of Rs. 7.99 crores paid in the previous year.

On the production front, the refinery processed 2.04 MMT of crude during FY 2004-05 representing 68% capacity utilization and evacuated 1.99 MMT of products. The crude throughput was low due to high inventory/ullage constraints at the refinery arising out of inadequate evacuation of products for non-availability of required number of railway rakes and also due to production loss of 22 days on account of disruptions in road and rail link caused by two spells of floods in the state. However, by optimizing operations, within the constraint of lower throughput, the Company could close the year with a record profit.

In order to expand its business horizon, NRL has embarked upon an ambitious plan to set up a chain of Retail Outlets in various parts of the country for marketing auto fuels. A total of 510 Retail Outlets are planned to be set up in phases, for which authorization from the Government of India had been received. Already 12 retail outlets have been commissioned so far, of which 8 are located in the North East and 4 in the Northern region. Development of another 92 outlets is in progress. The Company expects to commission over 50 outlets in the current financial year.

The Company’s achievements have been wide-ranging and in all spheres of operations. It achieved the rare distinction of being awarded Level 9 certification under the protocol of International Safety Rating System (ISRS), one of the most prestigious Loss Control Management Systems benchmarking tools, by the globally reputed auditing and consulting agency M/s Det Norske Veritas (DNV), Norway. During the year, there was no loss time accident & major fire and by the year end the refinery completed 1137 LTA free days equivalent to 5.13 million man hours. The Company’s focused attention on environment management has also received recognition. It has bagged the prestigious Green Tech award for environmental excellence for two consecutive years.

While business success combined with technological excellence remains an avowed goal, NRL, being conscious of its social commitments, has taken up various schemes under its community development programme. It is in this context that the Company has sponsored a succession of social initiatives that while providing immediate relief also focuses on capability development of the beneficiaries. Some of the schemes launched include self-employment through skill development, community based activities, development of strong and sustainable rural institutions and providing community facilities in co-ordination with various Government departments.

01-08-05

NRL ACHIEVES THE DISTINCTION OF FASTEST IMPLEMENTATION OF SAP

Numaligarh Refinery Limited has successfully implemented SAP in a record time of 5 months. The Go-Live was inaugurated by Mr. B K Das, Managing Director NRL in presence of Mr. N. Sridhar, Director SAP, Mr. R. C. Choudhary, Director (Technical ) NRL, Mr. T K Ananth Kumar, Director ( Finance) NRL and a host of senior officers and other employees of the company. The project appropriately named IMPETUS (Improvement in Performance Through Upgradation of System) was formally given a go ahead in a solemn function in NRL’s Marketing Terminal. NRL has always remained in the forefront while absorbing latest technologies. NRL was the first Oil company in India to implement full suite of ERP application in 1998.

SAP is used by 9 out of top 10 Fortune 500 Oil and Gas Companies. SAP is a suite of business applications which is used to optimize the Supply Chain processes. Apart from usage in Marketing endeavours, the implementation is expected to bring in major benefits to the organization in the various areas of operations besides ensuring optimum utilization of resources. An important feature of implementation is that NRL has utlised group companies’ consultants besides SAP consultants thereby optimising the implementation cost.