Assam gas cracker project has been named Brahmaputra Cracker and Polymers and is being registered as a joint venture of GAIL, Numaligarh Refineries, Oil India Ltd and the Assam government.
Though the project, which has been stalled for many years, is finally taking shape, concerns abound about the feedstock supply, as the price for the gas to be supplied is yet to be fixed with the suppliers GAIL and Oil India. Additional support to take care of an increase in feedstock price, operation costs and an increase in interest rate is being worked upon. Higher prices being quoted by the suppliers could pose a problem for the cracker. The central government has agreed to a long-term loan of Rs 327 crore for the company. Talks are also on with the Asian Development Bank for a term loan.
03-Jan-07 
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