The Board of Directors of Mangalore Refinery and Petrochemicals Limited, a subsidiary company of ONGC and a category I Mini Ratna, has today approved un-audited financial results for the 3rd quarter of 2009-10 ended on 31st December 2009.
| A. FINANCIAL PERFORMANCE : (Rs. In Crore) | ||||
| Particulars | Q3 | Variation | ||
| 2009-10 | 2008-09 | |||
| Turnover | 10256 | 8558 | 20% |  |
| PBIDT | 518 | (303) | ||
| PBT | 390 | (435) | ||
| PAT | 260 | (285) | ||
| GRM (US$ / BBL) | 4.51 | (2.80) | ||
| Avg. Product Realization (US$ / BBL) | 80 | 71 | 13% | |
| Inventory Gain / (Loss) (US$ / BBL) | 2.35 | (14.37) | ||
| B. PHYSICAL PERFORMANCE PHYSICAL PERFORMANC (Qty. in MMT) | ||||
| Particulars | Q3 | Variation | ||
| 2009-10 | 2008-09 | |||
| Throughput | 3.40 | 3.11 | 9% | |
| Dispatches | 3.28 | 2.94 | 12% | |
| Fuel & Loss ( %) | 6.48 | 6.31 | 3% | |
C. AWARDS, RECOGNITION AND ACHEIVEMENTS:MRPL has won the Jawaharlal Nehru Centenary Award 2008-09 Joint 1st Prize in specific Energy Consumption Performance amongst all Refineries in Public Sector and the Jawaharlal Nehru Centenary Award 2007-08 2nd Prize in Specific Energy Consumption Performance amongst refineries having composite energy factor > Five.
D. MARKETING INTITIATIVES :The direct marketing sales of MRPL registered an overall growth of 13% during the nine months of 2009-10 compared to the corresponding period of 2008-09.
H. CSR ACTIVITIES:The company, as a socially conscious corporate, continues its 'Samrakshan', programme through undertaking various activities and contributing to the society in and around the refinery area. The company has contributed Rs.50 lakhs to Chief Ministers Flood Relief Fund for rehabilitation and relief work at flood affected areas in north Karnataka. In addition MRPL employees have also contributed theirs one-day pay amounting to Rs.11.43 Lakhs for this purpose.
F. CAPITAL EXPENDITURE STATUS :
- The Refinery up gradation and expansion project is progressing satisfactorily. The physical progress of work has reached 27.50% (against the targeted progress of 28.80%) as on 31.12.2009. The orders for all the process units and utilities and also the long lead critical items have been placed. The total value of orders committed so far amount to Rs. 10,080 crore as on 31st December 2009.
- Revamp of Existing units GOHDS and CDU / VDU units are progressing as per schedule. The GOHDS unit revamp is scheduled for completion by March 2010 to meet the increased Diesel production requirement of Euro III / IV grade
- ONGC has agreed to give loan upto Rs.5000 crore for financing the phase III Refinery Project at an interest rate of 3.85% below SBI PLR (Presently 7.90%p.a. based on SBI PLR of 11.75%).
Speaking on the occasion Shri R.S.Sharma, Chairman complimented the Team MRPL for the excellent all round performance during the quarter and thanked all the stakeholders for their unstinted support and confidence in MRPL.
New Delhi, 19th January 2010.