Gail India Ltd is the main promoter of BCPL having 70% stake, while the rest 30% is equally shared by Oil India Limited (OIL), Numaligarh Refinery Limited (NRL) and government of Assam.
The project, which was originally scheduled to be commissioned in 2012, saw many delays, resulting in cost overruns. The initial cost of the project was around Rs. 5,500 crore.
The foundation stone of the project was laid by former Prime Minister Manmohan Singh in April 2007. However, that was the second occasion when the foundation stone for the project was laid by a Prime Minister. The previous occasion was in 1994 when then Prime Minister PV Narishimha Rao too did the similar honours at Tengaghat in Dibrugarh district, the venue which was later abandoned.
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