Untitled - Bharat Petroleum

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2) Benefits derived as a result of the above R&D : a) A commercial plant for specialty hydrocarbon solvent based on in-house R&D know-how has been under regular production run. b) Through laboratory and pilot plant studies, selection of new improved catalysts made for the commercial FCC plant. c) Selected FCC catalyst additives for enhancement of LPG & MS production. d) A commercial plant for the production of Natural Rubber Modified Bitumen based on in-house R&D know-how has been under regular production run. e) A commercial plant has been set up to manufacture High Performance Diesel additive based on R&D studies. f) Technical support to the existing FCC, crude and other Units in the following areas: i) Crude oil evaluation ii) Evolving different schemes by computer simulation and modelling iii) Manufacture of Bitumen Emulsion 3) Future plan of action a) To continue FCC related R&D studies using FCC Pilot Plant and other facilities. b) To undertake plant simulation and optimization studies c) To pursue exploratory research for development of value added products d) To develop process for sulfide removal from Liquid Effluent. e) Formulation of different grades of bitumen emulsion. f) To evaluate the performance of Gasoline Sulfur Reduction Additives. C. EXPENDITURE ON R&D DURING 2005-06 (Rs. in million) Total Capital Expenditure 67.07 Revenue/Recurring Expenditure 121.68 Total 188.74 Total R&D Expenditure as a % of total turnover Negligible Annual Report 2005-2006 47 PG-38-102-FINAL.p65 47 12/1/2006, 7:58 PM
TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION A. MUMBAI REFINERY 1. Efforts, in brief, made towards technology absorption, adaptation and innovation Mumbai Refinery has undertaken the following projects to obtain the benefits of the latest technological developments and advances: • Revamping of the Fluid Catalytic Cracking Unit (FCCU) by incorporating advanced Feed Injection Technology from M/s.Stone & Webster, USA for improving FCCU yield. • As a part of the Refinery Modernization Project (RMP), the Hydrocracker unit and associated Hydrogen unit & Sulphur recovery facilities have been set up to produce superior quality middle distillates and reduce overall SO emissions from the Refinery. 2 • The Catalytic Reforming Unit (CRU) was revamped using UOP’s fixed bed platforming technology for production of high octane Motor Spirit blend stock and for increasing capacity. • Setting up facilities for production of high performance environment friendly Group-II Lube Oil Base Stock (LOBS) facilities using unconverted oil from the Hydrocracker. 2. Benefits derived as a result of the above efforts, e.g. product improvement, cost reduction, product development, import substitution, etc. • Yield improvement • Reduction of overall SO emissions from the Refinery and manufacture of superior quality middle distillates 2 • Production of superior quality Motor Spirit (Petrol) • Production of High Performance Group-II Lube Oil Base Stocks 3. Information regarding technology imported during last five years reckoned from the beginning of the financial year: (a) Technology Imported: Year of import • FCC – Feed Injection Technology from M/s. Stone & Webster, USA for yield improvement. 2001 • Hydrocracker technology from M/s. Chevron Lummus Global, USA. 2001 • Technology for production of Hydrogen from M/s. Haldor Topsoe, Denmark. 2001 • Maximum Claus Recovery Concept (MCRC) technology for enhanced recovery of sulfur from off-gases from M/s. Delta Hudson, Canada, through M/s. Engineers India Limited (EIL). 2001 • Fixed Bed Platforming process from M/s UOP, USA for production of high octane Motor Spirit blend stock and for increasing capacity. 2003 • Isodewaxing / Hydrofinishing technology from M/s Chevron Lummus Global, USA for production of Group-II Lube Oil Base Stocks. 2003 (b) (c) Has Technology been fully absorbed? Yes. If not fully absorbed, areas where this has not taken place, reasons therefore and future plans of action: Not applicable. 48 <strong>Bharat</strong> <strong>Petroleum</strong> Corporation Limited PG-38-102-FINAL.p65 48 12/1/2006, 7:58 PM
Page 7 and 8: NOTICE TO THE SHAREHOLDERS Notice i
Page 9 and 10: EXPLANATORY STATEMENTS PURSUANT TO
Page 11 and 12: MANAGEMENT DISCUSSION & ANALYSIS RE
Page 13 and 14: factors which will contribute to a
Page 15 and 16: state-of-the-art Gas Insulated Swit
Page 17 and 18: During the year, MS volumes were 2.
Page 19 and 20: across the country. This and other
Page 21 and 22: positioned 24 Rural Marketing Vehic
Page 23 and 24: Subsequent to the receipt of ‘in
Page 25 and 26: international best practices, a sou
Page 27 and 28: GROSS PROFIT (Rs. in Million) RETUR
Page 29 and 30: DIRECTORS’ REPORT The Directors a
Page 31 and 32: the year was lower at Rs.10,613.71
Page 33 and 34: the areas of alternative fuels incl
Page 35 and 36: SUBSIDIARY COMPANY Numaligarh Refin
Page 37 and 38: Rs.2.33 million for the current yea
Page 39 and 40: ANNEXURE TO THE DIRECTORS’ REPORT
Page 41 and 42: B. TECHNOLOGY ABSORPTION Mumbai Ref
Page 43 and 44: FORM A Form for disclosure of parti
Page 45 and 46: 2. KOCHI REFINERY 2005-06 2004-05 A
Page 47: vii) The following new products wer
Page 51 and 52: ANNEXURE TO THE DIRECTORS’ REPORT
Page 53 and 54: Particulars of Directors including
Page 55 and 56: 3. Audit Committee BPC took the ini
Page 57 and 58: During the year, the Part-time (Ind
Page 59 and 60: Besides, Shri Joshi was closely ass
Page 61 and 62: Listing on Stock Exchanges The Comp
Page 63 and 64: Annexure I Market Price Data : Pric
Page 65 and 66: AUDITORS’ CERTIFICATE ON CORPORAT
Page 67 and 68: ANNUAL STATEMENT OF BPC SHOWING THE
Page 69 and 70: ANNUAL STATEMENT OF ERSTWHILE KOCHI
Page 71 and 72: TOTAL FUNDS EMPLOYED (Rs. in Millio
Page 73 and 74: PERFORMANCE PROFILE 2005-06 2004-05
Page 75 and 76: PERFORMANCE PROFILE (Contd.) 11. Wh
Page 77 and 78: SOURCES AND APPLICATION OF FUNDS 20
Page 79 and 80: SALES VOLUME (’000 MT) 2005-06 20
Page 81 and 82: HOW VALUE IS GENERATED Rs. Million
Page 83 and 84: ANNEXURE TO AUDITORS’ REPORT (Ref
Page 85 and 86: (c) According to the information an
Page 87 and 88: BALANCE SHEET AS AT 31ST MARCH, 200
Page 89 and 90: SCHEDULE ‘A’ — SHARE CAPITAL
Page 91 and 92: SCHEDULE ‘C’ — LOAN FUNDS Sec
Page 93 and 94: SCHEDULE ‘E’ — CAPITAL WORK-I
Page 95 and 96: SCHEDULE ‘F’ — INVESTMENTS (C
Page 97 and 98: SCHEDULE ‘G’ — INVENTORIES (A
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SCHEDULE ‘K’ — LOANS AND ADVA
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SCHEDULE ‘O’ — MISCELLANEOUS
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SCHEDULE ‘V’ — OTHER OPERATIN
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SCHEDULE ‘X’ — (Contd.) 6.2 L
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SCHEDULE ‘X’ — (Contd.) 18. P
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SCHEDULE ‘X’ — (Contd.) (e) I
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SCHEDULE ‘X’ — (Contd.) 13. E
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SCHEDULE ‘X’ — (Contd.) 16. I
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SCHEDULE ‘X’ — (Contd.) 18. I
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SCHEDULE ‘X’ — (Contd.) 20.5
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SCHEDULE ‘X’ — (Contd.) 25. F
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SCHEDULE ‘X’ — (Contd.) 31. P
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CASH FLOW STATEMENT For the year en
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CASH FLOW STATEMENT — (Contd.) Ca
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AUDITORS’ REPORT ON CONSOLIDATED
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CONSOLIDATED BALANCE SHEET AS AT 31
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SCHEDULE ‘A’ — SHARE CAPITAL
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SCHEDULE ‘C’ — LOAN FUNDS (CO
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SCHEDULE ‘D’ — FIXED ASSETS (
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SCHEDULE ‘F’ — INVESTMENTS (C
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SCHEDULE ‘I’ — CASH AND BANK
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SCHEDULE ‘L’ — LIABILITIES (C
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SCHEDULE ‘R’ — CONSUMPTION OF
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SCHEDULE ‘X’ — STATEMENT OF S
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SCHEDULE ‘X’ — (CONSOLIDATED)
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CASH FLOW STATEMENT (CONSOLIDATED)
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ANNEXURE TO THE DIRECTORS’ REPORT
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STATEMENT REGARDING SUBSIDIARY COMP
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Name of the Body Corporate (Shareho
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SEGMENT-WISE REVENUE, RESULTS AND C
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