Opportunities in chemicals and petrochemicals-III: The latest on the Assam gas cracker project – 21 Jun 2016

Does anyone remember the Assam Gas Cracker project that has come into production on the distant foothills of the Eastern Himalayas in Assam?
--GAIL is the reluctant promoter of the project which then Prime Minister Manmohan Singh had wanted the gas major to implement. Singh was elected unanimously to the Rajya Sabha from Assam and it was his way of thanking the state for the favour.
--The project cost has now gone up to Rs. 9965 crore as against the approved Rs.8920 crore.
--GAIL is now looking at a feedstock subsidy for 15 years from the government to be able to ensure a 10% IRR. 
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