Bongaigaon Refinery&Petrochemicals Ltd. (BRPL) was incorporated on 20th February, 1974 as a Govt. Company fully owned by the Central Government.
The Company was registered with an authorised equity share capital of Rs. 50 crore, which was subsequently increased to Rs. 200 crore by December 1983. As on 31.03.2005, the total paid up capital of the company stood at Rs. 199.82 crore.
The Government of India was holding the entire paid-up capital of the Company till 1990-91. The Government disinvested 25.54% of its share-holding in BRPL to UTI and other Financial Institutions and employees of the Company during 1991-92 to 1993-94.The last tranche of disinvestments of 74.46% was made in favour of Indian Oil Corporation Ltd. on 29th March 2001. As a result BRPL is a subsidiary of Indian Oil Corporation Ltd, which is a Govt. of India Undertaking.
The Company has its Registered Office and production units at Dhaligaon in Bongaigaon District (now under recently constituted Chirang District ) of Assam. In addition, the Company has Marketing/Regional offices at Guwahati, Kolkata, Mumbai, and Delhi.
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Business Activities
The core activities of BRPL are refining of crude oil and production of petroleum products. The Company is also engaged in production and marketing of value-added petrochemical and PSF products. The Company has a Refinery with a rated capacity of 2.35 million tonnes per annum of crude oil, a petrochemicals complex comprising of a Xylene plant, a Dimethyl Terephthalate (DMT) plant and a Polyester Staple Fibre (PSF) plant. Commercial production of the refinery started in 1979 and other plants were commissioned in stages. The Refinery, which normally processes crude oil available in Assam, is presently processing crude from Ravva Oil Fields of Krishna Godavari Basin also. The Petrochemicals units consume Naphtha as its major raw material, which is supplied from the Refinery itself.
The major products from the refinery are LPG, Unleaded MS, Naphtha, ATF, SKO, HSD, LDO, LSHS, LVFO, RPC & CPC. The major products of the Petrochemicals and PSF units are DMT and PSF. The petroleum products (except RPC &CPC) are marketed by Indian Oil Corporation Ltd. (IOCL). BRPL markets RPC, CPC, Petrochemicals and PSF products through its own marketing network.
The PSF and DMT plants are presently under shut-down due to economic reasons.
As on 31.01.2007, the Company had 1,720 employees on its rolls.
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Business &Plant Capabilities Refinery
Initial capacity of 1.00 MMTPA – commissioned in 1979
De-bottlenecked to 1.35 MMTPA in 1987
Expanded to 2.35 MMTPA in 1995
Petrochemicals
29,000 MTPA Para-Xylene plant commissioned in 1985
45,000 MTPA DMT plant commissioned in 1985
30,000 MTPA PSF plant commissioned in 1988
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Marketing
Petrochemical products by BRPL through its countrywide network; Refinery products by IndianOil through a marketing agreement.
The Ministry of Petroleum &Natural Gas has allocated Ravva Crude from Krishna Godavari Basin to BRPL from 2003-04, which has helped in improved capacity utilisation of the Refinery. In-house, there has been remarkable improvement in efficiency in production with improved distillate yields, low energy consumption &loss, reduction in production cost, etc. In addition, the Government of India has extended 50% excise duty benefit to all the NE refineries effective March 2002. All these have contributed to improved financial performance during the past three years. The financial and physical performances till 31.12.2006 have lived up to the expectations of the shareholders.
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Business Plan
In the Refining business, MS and HSD quality up-gradation projects would be essential to meet new product specifications applicable from the year 2010. In order to meet the HSD quality specifications to be effective from April 2010, BRPL has started installing Diesel Hydrotreatment (DHDT) facilities. The DHDT project has been approved by competent authority on 26.05.2006 with an approved cost of 1431.91 crore. The project is likely to be completed by September 2009.
BRPL Board has also approved the MS maximization project on 23.10.2006 with a total project outlay of 44.56 crore. For the MS quality up-gradation project the pre project activities are in progress in order to meet the quality specification by year 2010.
In the Petrochemicals &PSF business, the Company has engaged a reputed International Consultant for recommending measures for revival of Petrochemical and PSF Operations.
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