Home / Knowledge / News / Textiles / BPCL's ethylene plant to go operational by Dec 2013
BPCL's ethylene plant to go operational by Dec 2013
09
Oct '12
In spite of various difficulties posed by several external factors, the Brahmaputra Cracker & Polymer Ltd’s (BCPL) project, also called the Assam Gas Cracker Project, is heading in the right direction and 79.6 percent of the project work is already completed.
 
Talking to reporters, BCPL Managing Director PN Prasad said the petrochemical project launched by Prime Minister Manmohan Singh in April, 2007, is expected to go operational by December 2013, following its conclusion in July 2013. Originally, April 2012 was fixed as the deadline for completion of the project.
 
On completion, the project will have an annual production capacity of 220,000 tons of ethylene, 60,000 tons of propylene and 60,000 tons of polypropylene. 
 
While GAIL holds 70 percent stake in the project, NRL, OIL and the Assam Government hold the rest 30 percent stake in equal proportion.
 
Mr. Prasad said several external factors such as bad weather, unsatisfactory performance of contractors and workers’ strife have been hampering the progress of the project, but they are trying hard to ensure that there is no further delay in completing the project.
 
He informed that impacted by factors like increasing cost of construction, technology and design change and inflated time-line, the project cost has gone up and the total budget for the project has been hiked from Rs. 54.6 billion to Rs. 92.85 billion.
 
By September 15, 2012, a sum of Rs. 52.799 billion was spent in capital expenditure for the project, representing a financial progress of 59.19 percent. 
 
Upon commissioning, the project would employ around 620 employees, of which, around 426 recruitments will be in the executive cadre, Mr. Prasad said.
 

Fibre2fashion News Desk - India


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Top executives
Textile industry, India

The event should be organised every year

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search