HT Correspondent
DIBRUGARH, March 22: Chief Minister Himanta Biswa Sarma has emphasised the urgent need for sustainable solutions to address the financial challenges faced by Brahmaputra Cracker and Polymer Limited (BCPL), which has been incurring losses over the past two years.
During his visit to BCPL in Lepetkata, Dibrugarh, on Saturday, the chief minister revealed that the petrochemical company is suffering an annual loss of Rs 500 crore.
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After touring the plant and receiving a briefing from BCPL CMD Pranjal Changmai, Sarma acknowledged that while government support may continue in the short term, a strong long-term strategy is essential.
“BCPL has faced significant financial challenges, with annual losses nearing Rs 500 crore over the last two years. While we remain committed to supporting this important project, we must work towards creating sustainable solutions that ensure its long-term viability, rather than relying solely on government aid,” Sarma stated.
BCPL, often referred to as the Assam Gas Cracker Project, is a major industrial initiative in Northeast India. It is a joint venture in which GAIL (India) Limited holds a 70% stake, while the Government of Assam, Numaligarh Refinery Limited (NRL), and Oil India Limited (OIL) collectively own the remaining 30% equity.
Inaugurated by Prime Minister Narendra Modi on February 5, 2016, the project was launched as part of the historic Assam Accord and has recently completed nine years of operation. Despite its strategic importance to the region, financial sustainability remains a significant concern.
BCPL focuses on producing a variety of petrochemical products, including Linear Low-Density Polyethylene (LLDPE), Polypropylene (PP), and High-Density Polyethylene (HDPE), using natural gas and naphtha as feedstock.
