BCPL makes net profit of Rs 690.53 crore in FY 2021-22

STAFF CORRESPONDENT

DIBRUGARH: Brahmaputra Cracker and Polymer Limited (BCPL) has been generating operating profits from FY 2017-18 onwards and enhancing capacity utilization. The plant has been operating at more than 100 per cent capacity since the last four financial years.

Sharing the company's performance in several front, Managing Director Reep Hazarika during a press meet recently, said, "Efforts are on to sustain 100 per cent capacity utilization in this current year also."

The company maintained a positive financial performance in the fiscal though there is rise in international gas price and crude oil price. During the FY 2021-22, the company successfully and safely operated the plant on a sustained basis at 100.46 per cent capacity utilization producing 2.72 Lakh MT of Polymers and 55,923 MT liquid hydrocarbons. The products were marketed to downstream industries achieving Polymer sales of 2.75 Lakh MT. The authorized share capital of BCPL is Rs 2000 crore and the paid-up capital is Rs 1417.67 crore as on March 31, 2022.

The company has generated revenue of Rs 3243 crore making net profit of Rs. 690.53 crore. BCPL paid a dividend of Rs 212 crore for FY 2021-22 to the promoters. Hazarika said that the market share of the company was steadily increasing with growing credibility amongst the customers. The two major ongoing flagship projects at a cost of Rs 386 crore are Butene -1 and HPG -2. He also shared with the media that an amount of Rs 19.10 crore for the FY 2021-22 was earmarked for CSR activities. Hazarika further said that BCPL also contributed to the CM's relief fund and PM Cares fund to fight the pandemic.

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