FACULTY OF ECONOMICS
INTERNATIONAL CENTER FOR PROMOTION OF ENTERPRISES
MASTER DEGREE THESIS
PROFITABILITY IMPROVEMENT IN THE OIL REFINERY
- A Case Study of Bongaigaon Refinery and Petrochemicals
Ljubljana, September 2004
Bishnu Ram Boro
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....................... ;
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 study International MBA for which I am grateful to the management of Bongaigaon Refinery & Petrochemicals Limited (BRPL). Without the sponsorship of BRPL, it would not have been possible for me to study International MBA.
I must express my sincere gratitude to the Government of India for nominating me for this International MBA program.
I am thankful to International Center for Promotion of Enterprises (ICPE) for their pioneering services, without that MBA in my life would be a distant dream. I am indebted to the Faculty of Economics, University of Ljubljana, Slovenia for giving me the opportunity to study in its prestigious institution. I am indebted and grateful to my mentor Prof. Rudi Rozman, Faculty of Economics, University of Ljubljana, Slovenia for his guidance, suggestions and support through the preparation of this thesis. I am extremely thankful to Shri BK Gogoi, Chairman and Managing Director (CMD) of BRPL for his valuable suggestion and direction, which inspired me throughout my MBA study.
I express my sincere gratitude to Shri RM Hazarika, Director Operation and Shri RN Das, Director Finance of BRPL for their valuable advice, which will be valuable assets in building my carrier.
I express my heartfelt gratitude to Shri DB Dass, General Manager (P&A) and Shri N Rahman, Dy. General Manager (Project) for their constant suggestion and supports. Without their valuable support and suggestion it could have been difficult for me in joining the MBA course.
I wish to thank Shri N Saikia, Chief Manager (Administration), Shri BP Bora, Chief Manager (Internal Audit), Shri Ajit Brahma, Senior Manager (CTD) and Shri Partha Gosh, Senior Manager (Technical Services), Shri KK Sarma, Manager (Elect. Maint.), Shri RK Jha, Manager (Technical Services), Shri KN Brahma (ERP) and Shri S Sen (Project) for their constant help in all possible ways since the beginning and through out my stay at Slovenia. Last but not the least, I must put on record my gratefulness and...