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कोची रिफाइनरीज > कंपनी इतिहास > Refineries > कंपनी इतिहास का कोची रिफाइनरीज - बीएसई: 500873, NSE: COCHINREFN

कोची रिफाइनरीज

बीएसई: 500873  |  NSE: COCHINREFN  |  ISIN: INE123A01012  |  Refineries

कंपनी इतिहास - कोची रिफाइनरीज
1963
 
 - The Company was Incorporated on 6th September in Kerala State. 
 The
 Company entered into a technical services agreement with Phillips
 Company for technical services necessary for the operation of the
 refinery.  In September the Company adopted the refinery
 construction
 contract with Phillips Petroleum International Corporation.
 
 - The Government of India, Phillips Petroleum Co., Ltd., and Duncan
 Bros. & Co., Ltd. subscribed respectively for 3,57,000 shares (51%),
 1,75,000 shares (25%) and 14,000 shares (2%).  Kerala Government
 subscribed for 50,000 shares and LIC for 46,000 shares.  58,000
 shares
 offered to the public in February 1964.
 
 ok
 installation of air pre-heaters for the crude charge furnaces.
 Approval from Government was also obtained for installation of 5
 storage tanks.
 
 1987
 
 - 4,66,667 Rights shares issued at par in crop. 2:3.  Only 3,00,376
 shares taken up.
 
 1988
 
 - A capacitor bank of 3000 KVA was added to the electrical system
 for
 improving the power factor and also a high efficiency new boiler was
 installed in place of two old low efficiency boilers.
 
 - During October Phillips Petroleum Co., U.S.A. had divested the
 entire
 holding of 1,85,007 equity shares of Rs 100 each at a premium of Rs
 100
 per share.  Of the above, 46,250 shares to UTI, LIC, GIC and its
 subsidiaries and 9,250 shares to employees (including Indian working
 directors)/workers were offered.  The balance 1,29,507 shares, along
 with the unsubscribed portion out of the quota for financial
 institutions and employees, were offered to the public.
 
 - The Company made two rights issues of equity shares at par during
 February-March and during February-March 1989.  Both these issues
 were
 undersubscribed, the unsubscribed portions being 1,66,291 shares out
 of
 the 1988 issue and 1,54,686 shares out of the 1989 issue totalling
 3,20,977.
 
 - 60,02,256 Rights shares issued at par in prop. 6:1 (Only 58,47,570
 shares taken up).  Allotment of 330 shares pending court cases.
 
 1989
 
 - During August the Company established facilities to manufacture
 12,000 tonnes per annum of toluene.
 
 - During July the Company proposed to dispose of the shares as
 under:
 
 - (i) 43,193 shares allotted, 33,333 shares at par to Kerala State
 Industrial Development Corporation Ltd. (KSIDC), Kerala Government
 Organisation;
 
 - (ii) About 12,000 shares at par to the existing shareholders who
 could not avail of rights issue;
 
 - (iii) About 12,000 shares at par to employees at 10 shares per
 employee and
 
 - (iv) The balance to the public at a premium to be fixed by the
 Controller of Capital Issues.
 
 1991
 
 - The capacity utilisation of 108% was achieved and turnover
 amounted
 to Rs 1486.14 crores.  This was attributed to an all time high
 production of liquefied petroleum gas, aviation turbine fuel,
 aromatics
 etc.
 
 - The Company implemented the advanced control process optimisation
 technology phase I in the crude unit.  During the year, the Company
 undertook to set up a tank gauging system for monitoring and
 controlling vital operations providing real time data on gauging and
 inventory, tank capacities available storage volume, gas volume etc.
 
 - Government approval was received for increasing benzene production
 capacity to 2,10,000 TPA at an estimated cost of Rs 308.38 crores
 with
 a foreign exchange component of Rs 37.57 crores.  During the year
 the
 Company undertook implementation of six nos. crude tanks of 55,000
 tonnes capacity each and connected facilities.  The Company also
 undertook to promote various downstream petrochemical projects based
 on
 feedstock from refinery.
 
 - It was proposed to make a total investment of Rs 350 lakhs for
 production of polybutenes maleic anhydride, methyl ethyl ketone in
 collaboration with other companies.
 
 - A waste heat recovery system utilising the heat available in light
 cycle oil, heavy naphtha etc. was commissioned with a view to save
 3680
 Standard Refinery fuel in tonnes.
 
 - The Company commissioned a 20 MW captive power plant set up at a
 cost
 of Rs 68.0 crores.
 
 - Equity shares subdivided effective 7.2.1992.  500 shares allotted.
 
 1992
 
 - Government approval was received for expansion of the refining
 capacity from 4.5 million tonnes to 7.5 million tonnes.
 
 - Facilities were begin installed for the production of petroleum
 hydro-carbon solvent at a capital cost of Rs 4.75 crores. 
 Government
 seeking approval for preparation of a feasibility report for
 installing
 a new pipe line having a capacity of 4000 tonnes per hour from
 Cochin
 port to the refinery for bringing crude.
 
 - The Company installed Distributed Digital Control System in all
 its
 process units.  Existing Pneumatic Control System of boilers colling
 water system, instrument/plant air system and TG set were being
 changed
 to Distributed Control System.
 
 - The Company considered major diversification into national
 priority
 areas such as power, chemicals, petrochemicals, bio-technology and
 related areas.
 
 - The Company signed a Memorandum of Understanding with Balmer Lawrie
 &
 Co., to promote a joint venture to set up a polybutenes project with
 a
 capacity of 5,000 tpa.  The process technology for the project was
 to
 be provided by M/s. Chevron Inc., U.S.A.
 
 - Seperately, a feed preparation unit for the polybutenes plant was
 being installed within the Company's refinery which could also be
 utilised as a mother unit for other petrochemicals like propylene
 trimer/tetramer, maleic anhydride, methyl ethytl ketone, etc.
 
 - The Research & Development unit developed value added products
 from
 various refinery stream, catalytic process for desulphurisation of
 fuel
 gas, crude evaluation studies, improved new catalysts for fluid
 catalytic process etc.
 
 1993
 
 - Another 2,160 shares of Rights Equity Issue allotted.
 
 1994
 
 - A capacity utilization of 105.66% was achieved and during the
 year,
 the company commenced manufacture of mineral turpentine oil.  During
 the year, approval was received from the Government for marketing
 free
 trade and speciality products in the benzene, toolene and petroleum
 hydrocarbon solvent.
 
 - The project to expand crude refining capacity by 3 MMTPA from
 existing 4.5 MMTPA was commissioned in December.  In addition, a
 sulphur recovery unit of 18 T/day capacity was also commissioned in
 March 1995.  Also, revamping of fluidised catalytic cracking unit to
 increase capacity to 1.4 MMTPA and the waste water treatment plant
 and
 tertiany treatment respectively.
 
 - Necessary approvals were received from Government for exploring
 the
 possibility of setting up a gross root refinery of 10 MMTPA
 capacity.
 It was also proposed to set up a 500 MW power generation plant.
 
 1996
 
 - In line with the guidelines frame by the Ministry of Petroleum &
 Natural Gas, the company chose Indian Oil Corporation Ltd. to market
 APM covered petroleum products manufactured by the company for the
 period upto 31st March 1998.
 
 - The company proposed to increase the oil refining capacity from
 7.5
 MMTPA to 10.5 MMTPA.  In order to bring down the sulphur content in
 high speed diesel from existing level of 1% to 0.25%, to reduce
 environmental pollution, a diesel hydro desulphurisation plant was
 proposed to be installed.
 
 - A proposal for selling up of storage tanks required for imported
 crude oil to cover operating requirements for 45 days as per OCC
 norm
 was submitted to the Government of India for stage-1 clearance.
 
 1997
 
 - The company achieved an all time record crude oil throughout of
 7.74
 (MMTPA) against installed capacity of 7.5 (MMTPA), and a capacity
 utilisation of 103.15%.  During the year, the Company won Safety
 Award
 1996 by British Safety Council in recognition and commendation of
 services rendered in the cause of safety and OISD Safety Award for
 best
 performance in safety among all refineries competing under Group II
 for
 the Year 1995-96.
 
 - As a part of recycling/pollution control the Closed Tank Farm
 Drainage Project costing Rs 6 crores was commissioned.  With this
 the
 Company can collect all the oily sewage water from the storage tanks
 into the oily-water pond and recover oil for further processing, at
 the
 same time controlling ground water pollution.
 
 - The Company undertook setting up a Diesel Hydro Desulphurisation
 project for reducing sulphur content in diesel to 0.25%.
 
 - The proposed 500 MW power generation project at Ambalamugal based
 on
 residual steam available at the refinery.  The Government of India
 granted stage-1 clearance in February.  The company aim to reduce
 the
 power shortage in the State of Kerala.
 
 - The first GoI refinery to go public in 1988, Cochin Refineries Ltd
 (CRL) was incorporated in 1963 as a JV between GoI, Duncan brothers
 and
 Phillips Petroleum, USA.
 
 - Cochin Refineries Ltd (CRL) would form an independent joint
 venture
 company to set up and run its proposed 500 MW power plant which is
 estimated to cost of Rs.1,750 crores using feedstock from the
 refinery.
 The total share capital of the company would be around Rs.480
 crores.
 
 - Cochin Refineries Ltd, one of the biggest industrial units in
 Kerala,
 has shut down all its production units owing to water scarcity.  The
 Ambalamugal unit of the Hindustan Organic Chemicals is also on the
 verge of closure.  Carbon and Chemicals Limited (Cacil) has also
 stopped functioning for all practical purposes.
 
 1998
 
 
 - The Cochin Refineries Ltd (CRL) has selected the consortium of CEA
 Ambalamugal Energy Co Ltd and Larsen & Toubro Ltd as joint venture
 partners for its proposed 500 mw power generation project.
 
 - The Union government is considering a strategic alliance between
 IBP
 Ltd and three public sector refineries - Cochin Refineries Ltd
 (CRL),
 Bongaigaon Refineries Petrochemicals Ltd (BRPCL) and Madras
 Refineries
 Ltd (MRL).
 
 - The Cabinet Committee on Economic Affairs approved state-owned
 Cochin
 Refineries Ltd, proposal for a joint venture with multinational
 CAEC,
 Larsen and Toubro Kerala State Electricity Board for its 500 mw
 power
 project at ambalamugal in Kerala.
 
 - CRBLL, was the first ever joint venture between two public sector
 undertaking Cochin Refineries Ltd and Balmer Lawrie Ltd promoted in
 the
 year 1994.
 
 - State owned Cochin Refineries Limited has entered a five-year
 agreement with the Indian Oil Corporation for nationwide marketing
 of
 its petroleum products.
 
 1999
 
 - The ministry of petroleum and natural gas is keen on Bharat
 Petroleum
 forging an alliance with Madras Refineries and Cochin Refineries
 before
 going ahead with the Bina refinery.
 
 - IOC has entered into a five-year marketing agreement with CRL and
 is
 in the running with BPCL to forge a similar pact with MRL.
 
 2000
 
 - The Company has restarted its 28,000 barrel-a-day residue fluid
 catalytic cracker that has been down since June 1.  The Company has
 shut down the RFCCC on June 1 for some emergency repairs.
 
 - The Board has approved a 1:1 issue of bonus shares to its existing
 shareholders.
 
 2001
 
 -Proposal of KRL to instal single point mooring  in the sea outside 
 the jurisdiction of Cochin Port Trust to handle crude oil tankers
 has
 suffered setback due to the objections raised by the Navy.
 
 -Government has agreed for the merger of CRBL with Kochi Refinery
 at an equity swap ratio of 25:2.
 
 -BPCL's marketing director has been  nominated to KRL board, after 
 it has acquired 55.04% equity  in KRL from the government.
 
 -Parliamentary panel has criticised the government for the delay in
 granting the approval to Rs4320cr expansion programme of KRL..
 
 -Kochi Refineries Ltd has completed its LPG enhancement project
 which envisages additional production of LPG and prevention of 
 LPG loss.
 
 2002
 
 -KRL has selected Axens, the French Petroleum Consultancy
 major to prepare a priliminary feasibility report to consider the 
 quality upgradation and modernisation of its refining processes.
 
 -KRL, a subsidiary of Bharat Petroleum has issued its first naphtha
 export tender in an effort  to lessen the stock surplus of the
 product.
 
 2003
 
 -As part of the expansion-cum-modernisation  programme, KRL will be
 raised to 
 10MMTPA from the present 7.5MMTPA
 
 -Kochi Refineries has begun the use of State-of-the-Art SAP R/3
 System
 through which the entire business will be carried out in SAP
 systems.
 
 -Karnataka State Productivity Council has shortlisted Hindustan
 Latex,
 Thiruvananthapuram and Kochi Refineries Ltd as the best and the 
 second best firms for the years FACT M K K Nair Memorial
 Productivity Awards.
 
 -Kochi Refineries stock has witnessed a marginal rise in the prices
 in the
 major exchanges.
 
 -KRL has opposed the Fertilisers and Chemicals Travancore Ltd for 
 abolishing the prevailing entry tax for petroleum products.
 
 -According to the disclosure rule of SEBI, KRL has informed that 
 Mr.P.B.Divakaran , Sr Staff Officer is holding 208 equity shares.
 
 
 2004
 
 -Kochi Refineries gets Int-safety rating
 
 -Inks pact wiht Bharat Petroleum Corporation Ltd. (BPCL) regarding
 capacity utilisation and other production and performance parameters
 
 2005
 
 -Kochi Refineries Ltd (KRL) has signed an MoU with Bharat Petroleum
 Corporation Ltd
 
 2006
 
 -The Gas Task Force (GTF), sponsored by the public sector Bharat
 Petroleum Corporation Ltd and the Kochi Refineries Ltd (KRL), has
 entered into an MoU with the GMR Vasavi promoted Tanir Bhavi Power
 Company Ltd (TBPCL) for supply of gas.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `686 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `1577 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `76 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `408 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1080 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `746 Cr की खरीदारी की
  • CITI ON BAJAJ AUTO : SELL रेटिंग, लक्ष्य `2100/Sh
  • JEFFERIES ON BAJAJ AUTO : Underperform रेटिंग, लक्ष्य `2650/Sh
  • GOLDMAN SACHS ON BAJAJ AUTO : Neutral रेटिंग, लक्ष्य `2895/Sh
  • SBI : SBI जनरल इंश्योरेंस में 26% हिस्सा बेचेगा JV पार्टनर IAG

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