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OIL loses R200 cr due to local disturbances in Assam: CMD

State-run Oil India Ltd (OIL) has incurred a loss of at least Rs 200 crore in 2012-13 due to local disturbances in Assam

Written by Samudra Gupta Kashyap | Guwahati |
July 3, 2013 1:46:37 am

State-run Oil India Ltd (OIL) has incurred a loss of at least Rs 200 crore in 2012-13 due to local disturbances in Assam,its chairman and managing director SK Srivastava said here today. The company operates in three districts in Assam — Dibrugarh,Tinsukia and Sivasagar.

“Numerous bandhs and blockades have severely affected our drilling and production activities in Assam. With 290 bandhs,blockades and obstructions by various organisations,big and small,Oil India Ltd has suffered a loss of at least Rs 200 crore during the last financial year,” he said.

Against the backdrop of such environment,OIL’s crude oil output dipped to 3.71 million metric tonnes in 2012-13 from 3.95 million metric tonnes in 2011-12. The company had achieved a Rs 3,589-crore profit after tax during 2012-13,which was just a 4.13 per cent jump over the previous year.

“Our vehicles,equipment and other properties have also been damaged,leading to a serious impact on the morale of our workforce,” the OIL CMD said.

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When asked about the reasons behind these blockades,Srivastava said the organisations had numerous demands ranging from construction and repair of roads and schools to providing drinking water in villages,as also reserving certain percentage of jobs and contracts for different communities.

The OIL CMD,however,said there were definitely certain genuine grievances. “But it is not for Oil India to solve or address these,” he added.

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