Dibrugarh, March 22: Assam Chief Minister Himanta Biswa Sarma has underscored the urgent need for sustainable solutions to address the financial challenges faced by Brahmaputra Cracker and Polymer Limited (BCPL), which has incurred 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 ₹500 crore. 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 hurdles, with annual losses nearing ₹500 crore in the last two years. Although we remain committed to supporting this vital project, we must develop 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 operates as a joint venture, with GAIL (India) Limited holding a dominant 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 recently marked nine years of operation. Despite its strategic importance to the region, financial sustainability remains a pressing issue.
BCPL produces 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.
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