PM Narendra Modi inaugurates Brahmaputra Cracker and Polymer Limited
Prime Minister Narendra Modi has inaugurated the Brahmaputra Cracker and Polymer Limited (BCPL) at Lepetkata, Assam and dedicated the facility to the nation.
It is the first ever petro-chemical plant located in the entire North-Eastern region of Indian. It has been built at cost of 10000-crore rupees and shall be producing raw material for manufacturing plastic.
Prime Minister also dedicated wax producing unit in Numaligarh Refinery Limited to the nation. It is India’s highest wax producing unit and shall be using indigenous technology.
Brahamputra Cracker and Polymer Ltd
- The project was initiated as part of the historic Assam Accord signed in 1985 during the tenure of then Prime Minister Rajiv Gandhi with the motive of overall socio-economic development of the North-east region. In 2007, then Prime Minister Dr. Manmohan Singh had laid its foundation stone.
- Stake: GAIL (India) Limited is the main promoter of this plant and has 70% of equity participation and rest 30% is equally shared by Oil India Ltd (OIL), Numaligarh Refinery Limited (NRL) and Government of Assam.
- Feedstock for the project: It will be Natural Gas and Naphtha. ONGC and OIL will supply Natural Gas and NRL will supply Naphtha.
Categories: Business & Economy Current Affairs 2018