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Govt identifies land for TCG group refinery

Press Trust of India  |  Digha 

today said working to identify additional 1500 acres for Purnendu Chatterjee owned TCG Group's proposed greenfield refinery and survey has already begun.

"Some 800 acres have been identified and the survey has also begun. The report is expected in two weeks," industry department secretary Rajiva Sinha told HPL officials at a meeting by Chief Minister here today.

Banerjee agreed to HPL's suggestions to set up more petrochemical downstream industrial parks in Haldia and in other parts of the state.

The indicated that it has already arranged 700 acres for the proposed refinery that will entail an investment of upto Rs 20,000 crore.

The upstream refinery project capacity is expected to be around 15 million tonnes per annum which will help HPL to lower dependence on naptha import, a feedstock for the plant.

TCG chairman Purnendu Chatterjee had announced the plan for a refinery entailing an investment of Rs 20,000 crore at the Bengal Global Business Summit in 2016.

The company had already submitted a proposal to the Bengal to set up a refinery in Haldia and had sought the administration's help to locate suitable land for the mega project.

"The TCG group has given a proposal to set up a refinery in Bengal. HPL and Mitsubishi Chemical are already operational in the state. The government is taking a holistic view, including the benefits for downstream industries," state finance minister Amit Mitra had said earlier.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 12 2017. 16:59 IST