GUWAHATI, July 29 � The mechanical completion of the ambitious Assam Gas Cracker Project set up at Lepetketa, Dibrugarh would be completed by July 2013 and there would no further delay.
This was assured by BC Tripathi, chairman and managing director, GAIL (India) Limited and chairman, Brahmaputra Cracker and Polymer Limited at a press conference today.
Elaborating on the project development, Tripathi said that the project cost has been revised to Rs 8879 crore from Rs 5461 crore on account of technology or design changes, time escalation and other factors.
Of the revised project cost, the subsidy component is estimated at Rs 4690 crore.
�The revised cost has been approved by the Public Investment Bureau (PIB) and is expected to be approved by the Cabinet Committee on Economic Affairs soon,� he said, adding that the project cost will not escalate further.
He went on to say that the purchase orders and contracts of over Rs 7380 crore, including the critical items have already been placed till July 15 last and the placement of remaining orders and contracts is being expedited.
�The total capital expenditure incurred till July 15 is about Rs 2497 crore and the total expenditure planned for the financial year 2011-12 is Rs 3215 crore,� Tripathi pointed out.
On the engagement of manpower for the BCPL project, Tripathi said that the company has started to increase its own human capital base and adequate care is being taken in recruitment to have major representation of the local population.
�The focus is on execution of the project and so far 103 numbers of executives have been appointed,� he added.