Gail to invest Rs 5,460cr for Assam gas cracker project

Gas utility company Gail India is planning to invest Rs 5,460 crore in the Assam gas cracker project.

The project, to be set up as an integrated petrochemical complex at Lepetkata in Dibrugarh, will have a capacity of 2,20,000 tonne per annum of ethylene and 60,000 tonne per annum of propylene. It will also produce 55,000 tonne per annum of raw pyrolysis gasoline and 12,500 tonne per annum of fuel oil.

While the gas would be supplied by OIL and ONGC, naphtha would be sourced from Numaligarh Refinery.

The project, which is expected to be completed in 60 months from the date of approval, will be implemented by a joint venture company to be promoted by Gail with 70% equity participation. The remaining 30% equity will be shared equally among OIL, Numaligarh Refinery and the Assam government.