BCPL eyes profit of Rs 100cr this fiscal
Dibrugarh: The Brahamaputra Cracker and Polymer Ltd (BCPL) is all set to make a profit of around Rs 100 crore this fiscal.
While interacting with the media at the plant site on Tuesday evening, its managing director A.K. Singh said after initial losses, the BCPL is going to make a profit of Rs 100 core by the end of this month.
"With adequate feedstock being supplied to the BCPL by Oil India Ltd and Numaligarh Refinery Ltd, the company is confident of augmenting its production to the optimum level. The BCPL will send its produce to neighbouring countries such as Myanmar and Bangladesh this year. Right now it is producing two lakh tonnes of propylene," Singh said.
Asked about environmental issues, Singh said the employees are taking adequate steps for a better environment and trying their best to develop a village located nearby through implementation of corporate social responsibility.
"They are giving top priority to Swachh Bharat Abhiyan and such drives were organised recently in the rural area," he said.
On allegations that the BCPL discharges industrial waste in the Sessa and the Brahmaputra rivers, Singh said, "We have an effluent treatment plant and industrial waste is treated there before being discharged. We are very focussed on environment and taking all necessary steps. The Central Pollution Control Board is monitoring us everyday and we are on the radar of central agencies regarding pollution issues."
Prime Minister Narendra Modi inaugurated the BCPL on April 5, 2016. It was conceptualised to implement the Assam Gas Cracker Project, an outcome of the Assam Accord signed in 1985. The BCPL was set up with an investment of Rs 10,000 crore.
Since its commissioning the company has produced 2.9 lakh tonnes of polymers out of which 1.9 lakh tonnes have been produced in the current financial year.
To overcome the challenges especially relating to feedstock and critical chemicals, the company has taken several proactive measures and initiated action on a war footing.
As a result, the situation has improved substantially and the company is confident of achieving complete capacity utilisation during the next financial year. The BCPL has been able to book operating profits during the current financial year.
The products of the company are well accepted in the market. Consumption of BCPL's products in North Eastern Railway (NER)has increased substantially during the current financial year as is evident from the fact that it started with 500 tonnes per month and touched 2,500 tonnes per month within a span of one year.
The BCPL is making all efforts with budding entrepreneurs for setting up of manufacturing units locally for overall benefit of the NER.