Gail, BPCL ink `63k-cr deal
image for illustrative purpose
State-owned gas utility will source feedstock for its upcoming petrochemical plant at Usar in Maharashtra from Bharat Petroleum Corporation for 15 yrs
New Delhi: State-owned gas utility GAIL (India) Ltd has signed a Rs63,000-crore deal to source feedstock for its upcoming petrochemical plant at Usar in Maharashtra from Bharat Petroleum Corporation Ltd (BPCL) for 15 years, the two companies said.
“The 15-year supply contract, estimated at a value of over Rs63,000 crore, will see GAIL procuring 600,000 tonnes per annum of propane from BPCL’s LPG import facility at Uran, which is presently capable of handling 1 million tonnes per annum of LPG imports and is undergoing expansion to accommodate 3 million tonnes a year of propane and butane imports,” GAIL said in a statement.
GAIL is constructing India’s first propane dehydrogenation (PDH) plant at Usar in Maharashtra with a nameplate capacity of 500,000 tonnes per annum. The facility, which is likely to commence operations in 2025, will have a propylene production seamlessly integrated into a polypropylene (PP) plant of equal capacity.
