IndianOil refineries cross MoU targets for sixth straight year

Indian Oil Corporation Ltd (IOCL) refineries have achieved the crude throughput of 54.6 mmt, surpassing the MoU target of 54.25 MMT and the overall capacity utilisation of 100.7 per cent was achieved by them in financial year 2012-13.

Announcing these achievements, IndianOil Director (Refineries) Raj Kumar Ghosh observed that this was the sixth year in a row in which the company achieved a capacity utilisation of more than 100 per cent, that too despite planned M&I shutdowns.

The highest ever combined distillate yield of IndianOil Refineries was recorded at 78.1 wt per cent, surpassing the previous best of 77.8 wt per cent achieved in fiscal 2011-12. The Gujarat and Panipat refineries recorded the highest ever distillate yield of 78.2 and 82.4 wt per cent respectively, surpassing the previous best of 78 and 82.3 wt per cent in 2011-12. The implementation of various energy saving schemes and close monitoring of energy parameters helped IndianOil refineries record their lowest ever specific energy consumption of 56.5 against the earlier lowest of 57 in 2011-12, informed Ghosh. IOCL refineries achieved a record overall production of LPG (2121 tmt), MS (5803 tmt) and HSD (24465 tmt) in the just concluded financial year.  It also produced 1,292 tmt of BS-IV MS and 3,860 tmt of BS-IV HSD.