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Indian Petchem complex achieves financial closure.(NEW CONSTRUCTION PROJECTS)(Brahmaputra Cracker and Polymer Ltd.'s financial news)(Financial report)(Brief article)
Brahmaputra Cracker and Polymer Ltd. (BCPL) has achieved financial closure for a Rs54.6-billion ($1.18 billion) petrochemical complex at Lepetkata in the state of Assam, India. BCPL is a joint venture among Gail India, Oil India, Numaligarh Refinery (Guwahati, India), and the state government of Assam. The project will have a debt-equity ratio of 2:1. The partners have been given Rs21.38 billion in capital subsidy and Rs9.1 billion as feedstock subsidy from the Indian government. The equity component is …
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Magazine article from: India Business Insight
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700+ words
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News wire article from: Business Line
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News wire article from: Business Line
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Magazine article from: India Business Insight
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- BCPL financial closure by October.
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News wire article from: Chemical Business Newsbase
September 30, 2009
700+ words
