The Brahmaputra Cracker and Polymer Limited (BCPL) based in Dibrugarh has been steadily and consistently improving performance generating operating profits from FY 2017-18 onwards and enhancing capacity utilization. Interacting with media persons in Dibrugarh on Monday, BCPL Managing Director Reep Hazarika said that during the FY 2021-22, the company successfully and safely operated the plant on a sustained basis at 100.46 % capacity utilization producing 2.72 Lakh MT of Polymers and 55,923 MT liquid hydrocarbons. The products were marketed to downstream industries achieving Polymer sales of 2.75 Lakh MT. The authorized share capital of BCPL is 7 2,000 Crores and the paid-up capital is 71417.67 Crores as on 31″ March 2022, he said. The company generated a revenue of Rs 3,243 crore making net profit of Rs 690.53 crore. BCPL also paid a dividend of Rs 212 crore for the FY 2021-22 to the promoters.
He said that the market share of the company is steadily increasing with growing credibility amongst the customers. The two major ongoing flagship projects at a cost of Rs 386 crore are Butene -1 and HPG-2.
“The plant has been operating at more than 100% capacity since last four financial years. Efforts are on to sustain 100 % capacity utilization in this current year also. The company maintained a positive financial performance in the fiscal though there is rise in international Gas price and Crude Oil price.BCPL has constantly endeavored to overcome challenges related to feedstock supply. The company is exploring all possibilities for ensuring the naphtha availability and also a number of measures have been taken to augment natural gas sourcing both from PUs and private parties. BCPL has signed an MoU with AGCL for supplying additional natural gas to BCPL Lakwa plant,” the MD said.
The Managing Director, speaking on recent developments said that BCPL entered into an agreement with Syama Prasad Mookerjee Port, Kolkata ( SMPK) in February 2022 As per the MoU, a streamlined logistic chain movement of feed as well as product will be set up at Haldia Dock Complex. The second MoU was signed in April 2022 with Inland water Authority of India (IWIA). The purpose of this MoU is to establish a framework of cooperation between IWAI and BCPL where BCPL expressed its willingness to use the National Waterway-2 (River Brahmaputra) and Indo-Bangladesh Protocol Route for transportation of their feasible products / raw materials through waterways.
As on date, the primary products produced by BCPL are various grades of LLDPE, HDPE and PP. There are few by-products that are also being produced by BCPL namely Hydrogenated Pyrolysis Gasoline (HPG), Carbon Black feedstock (CBFS), Wash Oil and Slop Oil. As far as exports are concerned, BCPL has been exporting certain quantity of LLDPE to Bangladesh (approx. 120 MT per month during FY 2021-22 and 160 MT per month for FY 2020-21). Presently average sales of BCPL polymer in Assam is approx.
2700 MT per month and that in the NER is 3100 MT per month. In order to promote the plastic processing units in NER, BCPL apart from the normal trade, offers a special scheme called the Northeast Entrepreneur Development Scheme (NEEDS) specifically to the processors of Northeast.