[ 86 ] | INTERVIEW
“WE ARE SETTING UP TWO VALUE ADDITION PLANTS BUTENE-1 AND HPG AT DIBRUGARH” Reep Hazarika, MD, Brahmaputra Cracker & Polymer Limited shares his insights on key learnings, achievements, revenue and profit performance, market share increase, agreement with GAIL, Capex plans, and business outlook. Excerpts of the interview:
REEP HAZARIKA
MD, BRAHMAPUTRA CRACKER & POLYMER LIMITED (BCPL) Key learnings for BCPL during COVID-19? For the petrochemical industry, what we learnt was to sustain our growth and existence even under stressed conditions. The pandemic highlighted the true value of the internet and IT infrastructure that worked seamlessly to ensure business continuity.
with the process licensors for capacity enhancement. We are also setting up two value addition plants - Butene-1 and HPG (2nd stage) at Dibrugarh.
Company’s revenue and profit performance during FY 2020-21 and forecast for FY 2021-22? The performance during FY 2020-21 has been encouraging despite COVID-19 related constraints. In terms of revenue, we have seen a sustained upward trend of polymer prices coupled with the low gas price during the year. We expect the same trend to continue during FY 2021-22. An increasing trend of polymer prices and reduced gas price will be the growth drivers in FY 2021-22.
BCPL’s group refining/processing capacity per annum and what’s your share nationally? Plans to increase market share?
BCPL’s annual production capacity is 2.8 lakh tonnes of polymer. It is around Key milestones achieved by BCPL 2 per cent of the national share howevin FY 2020-21 and plans for FY er BCPL has the largest petrochemical 2021-22? plant in the Northeast and holds a marDuring FY 2020-21, the company has ket share of more than 90 per cent in the been successful in ensuring stable and North-Eastern region. sustained operation of the plant despite We are planning to enhance our proCOVID-19 related challenges with skel- duction capacity by 20 per cent through etal manpower and complying with all de-bottlenecking in the next two years. the guidelines and protocols of We are also exploring the option the government. The plant of doubling our production is operating at more than capacity and product di100 per cent capacity versification based on despite the challengthe additional availes emerging out of ability of feedstock COVID-19 related in the NER. For that, disruptions and ecowe are in discussion “BCPL is the largest nomic slowdown. with the oil and gas petrochemical plant in The company players in the region Northeast and holds a market has been recognised to ascertain the feedshare of more than 90% in the both in the national stock availability in the North-Eastern region” and international platcoming years. forms for its performance towards workplace culture, busiAs a part of Hydrocarbon ness ethics, environment, health & safe- V i s i o n 2030 for North East India, ty and corporate social responsibility. what role will BCPL play in increasing For FY 2021-22, our focus will be feedstocks to boost the polymer busion enhancing our production capacity ness? and maximizing sales in the North-East- Hydrocarbon Vision 2030 will open the ern region. We are in active discussion doors of opportunities for BCPL. The
90%
