Mumbai:
Prime
minister Dr Manmohan Singh today laid the foundation
stone of the Assam gas cracker project, now known as
Brahmaputra Cracker and Polymer Ltd, that is expected
to transform the economic landscape of Assam and the
other North Eastern states, once it becomes operational
in 2011.
The
Rs5460.61-crore project coming up at Lepetkata 520km
from Guwahati is being executed by GAIL and is expected
to create direct and indirect job opportunities for
100,000 people. Once it goes on stream, the project
is expected to attract substantial investments in downstream
plastic processing and allied industries.
The
project will be set up with a capital subsidy of Rs2,138
crore from the union government.
The
lead promoter of the project, GAIL holds 70 per cent
interest in BCPL. The remaining 30 per cent equity is
shared equally among Oil India Ltd, Numaligarh Refinery
Ltd and Assam Government.
Oil
India will supply 6 million standard cubic metres of
gas per day from its Duliajan field to the petrochemical
complex. Oil and Natural Gas Corp (ONGC) will supply
1.35 mmscmd gas for the plant till march 31, 2012 and
1 mmscnd thereafter.
The
plant shall also utilise 160,000 tonnes per annum of
petrochemical grade naphtha from NRL.
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