News Release Details
Feedstock for gas cracker cleared
Guwahati 07-Sep-2007
The Board of Directors of Brahmaputra Crackers and Polymers Limited (BCPL) has cleared the Feedstock Supply agreement, Minister of State for Chemicals and Fertilizers, Bijoy Krishna Handique said today. The Rs 5460.61 crore Assam gas cracker project has provisions for feedstock subsidy (gas and naphtha) of Rs 908.91 crore spread over a 15 year period of operation, besides capital subsidy of Rs 2,183 crore during the construction period of five years, the Minister said, in a Lok Sabha reply to a question by Anwar Hussain. As reporter earlier, the joint BCPL Board Meet Venture Company has been offered a term loan Rs 327 crore by Oil Industries Development Board (OIDB).Handique further clarified that the corporate headquarters of BCPL would be located at Guwahati, while the Project Office would be based at Dibrugarh. The registered office at Guwahati and Project Office have become operational and the Chief Operating Officer and the Chief Finance Officer have been appointed, he added. The Project is estimated to generate employment of approximately 1 lakh people both direct and indirect, basically by attracting investments in the downstream. Plastic processing units.
Guwahati 07-Sep-2007
The Board of Directors of Brahmaputra Crackers and Polymers Limited (BCPL) has cleared the Feedstock Supply agreement, Minister of State for Chemicals and Fertilizers, Bijoy Krishna Handique said today. The Rs 5460.61 crore Assam gas cracker project has provisions for feedstock subsidy (gas and naphtha) of Rs 908.91 crore spread over a 15 year period of operation, besides capital subsidy of Rs 2,183 crore during the construction period of five years, the Minister said, in a Lok Sabha reply to a question by Anwar Hussain. As reporter earlier, the joint BCPL Board Meet Venture Company has been offered a term loan Rs 327 crore by Oil Industries Development Board (OIDB).Handique further clarified that the corporate headquarters of BCPL would be located at Guwahati, while the Project Office would be based at Dibrugarh. The registered office at Guwahati and Project Office have become operational and the Chief Operating Officer and the Chief Finance Officer have been appointed, he added. The Project is estimated to generate employment of approximately 1 lakh people both direct and indirect, basically by attracting investments in the downstream. Plastic processing units.