GAIL has 70% equity share in BCPL, a subsidiary, with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), Govt. of Assam, each having 10% equity share. Feedstock Supply Agreements have been signed between BCPL and all the three suppliers, viz., Oil and Natural Gas Corporation Limited, Oil India Limited and Numaligarh Refinery Limited. Technology license agreements have been signed for cracker, polyethylene and polypropylene units.
Entire land for the project has been acquired by BCPL. Civil & structural works for the main process units, namely, Ethylene cracker unit, Polyethylene unit (HDPE/LLDPE), Polypropylene unit, C2+ extraction unit, Gas de-hydration unit and Gas sweetening unit of BCPL have commenced. Contract has been awarded for captive power plant for Lepetkata & gas turbine driven compressor for Duliajan station.
BCPL is setting up a 2,80,000 TPA polymer plant at an investment of Rs. 5,460 crores. Financial commitment to the extent of Rs. 3,000 crores has been made and project execution is in progress.

The joint venture company has been formed with an objective to pursue gas sector opportunities, mainly in China. GAIL has 50% equity interest in the company along with China Gas as equal partner. The joint venture company is in the process of identifying projects in gas and other related areas in China.