Completion of Indian Cracker Is Delayed Until 2013

The Brahmaputra Cracker and Polymer Ltd. (BCPL) project at Lepetkata in the state of Assam, India is expected to be onstream in July 2013, press reports say. The complex had previously been due onstream in April 2012. BCPL is a joint venture in which Gail India (New Delhi) has a 70% stake, and the remaining 30% is shared equally among Oil India (New Delhi), Numaligarh Refinery (Guwahati, India), and the Assam state government. The total project cost has increased to Rs92.8 billion ($2.1 billion) from earlier estimates of Rs54.6 billion due to technology and...

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