Assam CM Raises Concern Over BCPL’s Rs 500 Cr Annual Loss, Calls for Permanent Solution
First Published: 23rd March, 2025 10:46 IST
Assam CM Himanta Biswa Sarma says, “This organization has made a loss in the last two years, around Rs 500 cr annually, so they are now heavily dependent on bank
Assam CM Himanta Biswa Sarma says, “This organization has made a loss in the last two years, around Rs 500 cr annually, so they are now heavily dependent on bank loans and a lot of money they have taken from the bank. So, obviously, the project is having difficulty. BCPL is a joint venture with GAIL (India) Limited, holding a 70% stake, while the remaining 30% equity is equally shared by the Government of Assam, Numaligarh Refinery Limited (NRL), and Oil India Limited (OIL). We have to find some solution to take this project out of the financial crisis because if they keep on borrowing from banks, then they will face a major problem in the days to come… We have to think of a permanent solution…” #HimantaBiswaSarma #assam #OIL #northeastlive #northeast
COMMENTS
TOPMOST STORY NOW
Live What Happened to the Taj Mahal’s 466 kg Golden Crown?
29th March 2025
Live Aizawl Zoo Welcomes Zamphu, An Orphaned Female Binturong
29th March 2025
Live Manipur: Police Arrest 3 Insurgents, Recover Huge Cache of Arms and Explosives in Search Operations
29th March 2025
Live Advocate General of Assam, Devajit Saikia Resigns from Gauhati HC Bar Association
29th March 2025
WE RECOMMEND
What Happened to the Taj Mahal’s 466 kg Golden Crown?
In 1810, British officer Captain Joseph Taylor replaced the original gold finial with a gold-plated copper structure.
29th March 2025Aizawl Zoo Welcomes Zamphu, An Orphaned Female Binturong
Aizawl Zoo Welcomes Zamphu: The young orphaned bearcat, which is the official mascot of the state zoo, was discovered abandoned.
29th March 2025Manipur: Police Arrest 3 Insurgents, Recover Huge Cache of Arms and Explosives in Search Operations
The arrests were part of intensified search operations aimed at curbing militant activities in the conflict-ridden region.
29th March 2025Advocate General of Assam, Devajit Saikia Resigns from Gauhati HC Bar Association
Devajit Saikia Resigns from Gauhati HC Bar Association: The Bar Association is opposing the proposal of Saikia.
29th March 2025
Assam CM Himanta Biswa Sarma is 31st Most Powerful Indian
Assam CM Himanta Biswa Sarma is 31st Most Powerful Indian
29th March 2025