Assam: BCPL achieves turnover of Rs 2819 crore amid Covid-19
Despite COVID-19 related disruptions, the polymer market has shown consistent demand with buoyant price and the last financial year was good for BPCL too.
DIBRUGARH:
The Brahmaputra Cracker and Polymer Limited (BCPL) petrochemical plant achieved a turnover of Rs 2819 crore (unaudited) in the financial year 2020-21.
Addressing a press conference, Reep Hazarika, MD, BCPL said with achievement of 106 per cent capacity utilisation BCPL produced 2.86 lakh MT of Polymers and 60,145 MT liquid hydrocarbons during the year 2020-21 which were marketed to downstream industries achieving Polymer sale of 3.06 lakh MT.
“With the outbreak of COVID-19, hydrocarbon industries across the globe have witnessed shrinkage in margins in recent times. The ongoing crisis has led to some revenue compression in initial period of FY 2020-21, however, situation improved as the normalcy in market conditions regained. The disruption caused by the ongoing pandemic took a toll on the performance of the company in March and April 2020,” Hazarika said.
Despite COVID-19 related disruptions, the polymer market has shown consistent demand with buoyant price and the last financial year was good for BPCL too.
It may be noted that the company is receiving support from the Central and state governments as various subsidies and tax exemptions.
BCPL was the proud recipient of various awards which include FICCI Chemicals and Petrochemicals Award 2021 in the category of Most Environment Friendly.
The company also received the prestigious “India’s best company award of the year 2020” among the petrochemical products manufacturing companies by Berkshire Media LLC, USA.
(Edited by Christopher Gatphoh)
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