PFC and Assam Petrochemicals Limited (APL) signed a loan agreement for a term loan of Rs. 1229 Crore. This loan will support the implementation of a 500 Tons Per Day (TPD) Methanol Plant along with an 11 MW Captive Power Plant (CPP) in Namrup and a 200 TPD Formalin Plant with a captive 0.90 MW power plant in Boitamari, Assam. The estimated project cost for these endeavours is Rs. 1827 Crore.
The signing ceremony took place in presence of Smt. Parminder Chopra, CMD, Shri Rajiv Ranjan Jha, Director (Projects), Shri Manoj Sharma, Director (Commercial), Shri H K Das, ED (Projects) and APL officials including Shri Bikul Ch. Deka, Chairman, Shri Rajnesh Gogoi, Managing Director, Shri Pramod Kr. Prasad, Director (Finance) along with other senior officials of PFC & APL.
