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Thesis on Profitability Improvement in the Oil Refinery

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Thesis on Profitability Improvement in the Oil Refinery

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UNIVERSITY OF LJUBLJANA
FACULTY OF ECONOMICS

and

INTERNATIONAL CENTER FOR PROMOTION OF ENTERPRISES
(ICPE), LJUBLJANA

MASTER DEGREE THESIS

PROFITABILITY IMPROVEMENT IN THE OIL REFINERY
- A Case Study of Bongaigaon Refinery and Petrochemicals

Ljubljana, September 2004

Bishnu Ram Boro

Author's STATEMENT

I Bishnu Ram Boro hereby certify to be the author of this Master's thesis that was written under the mentorship of Prof. Rudi Rozman and in compliance with the Act of Authors' and Related Rights – Para. 1, Article 21. I herewith agree this thesis to be published on the website pages of the Faculty of Economics.

Ljubljana, date....................... ;

Signature ...................................

ACKNOWLEDGEMENT
A business cannot continue without running on self-sustainability basis. To achieve sustainability, it is important to look within and outside business environment and understand the way of analysing the situation and take all possible measures in order to bring improvement in the profitability of enterprises on sustainable basis. This is the main issue in the present scenario of running enterprises. Having working experience in different departments of Bongaigaon Refinery & Petrochemicals Limited (BRPL) such as Technical Services, Corporate and Strategic Planning, Project and Refinery Operation during last sixteen years, I got the opportunity to study about the business process and corporate strategies in these departments. The issues related to improvement of profitability were in my mind since the company was facing uncertainty in its existence after the abolition of Administered Pricing Mechanism (APM) and hence it was my spontaneous eagerness to choose this topic for my thesis. Keeping the developments in view, an attempt has been made in this thesis to explore and select factors that could provide the means to the refinery for improvement in the profitability.

I am very glad to have been given the opportunity to...

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