The Rs 5,460 crore (Rs 54 billion) Assam Gas Cracker project at Lepetkata a joint venture between GAIL India Ltd, Oil India Ltd (OIL), Numaligarh Refinery Ltd (NRL) and the Assam Industrial Development Corporation will be a separate company. GAIL is to hold a majority stake of 70% and the balance 30% is to be shared equally among the other three partners.
Since the provisions of the Companies Act will govern the JV, the Assam Gas Cracker project will be a subsidiary of GAIL. The petrochemical complex to comprise a cracker unit, downstream polymer and integrated off-site utilities plants will have the following capacities:
220,000 tpa polythene, 60,000 tpa of polypropylene, 55,000 tpa of raw pyrolysis gasoline and 12,500 tpa of fuel oil.
As per preliminary estimates, at least 500 plastic processing industries are to become operational in the region.
27-Jul-06 
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