Haldia Petrochemicals to invest Rs 8 K-cr more on naphtha cracker, PP units

HPL is setting up an integrated refinery with units for the production of paraxylene and purified terephthalic acid (PTA) in the first phase

West Bengal-based Haldia Petrochemicals Ltd (HPL) has pledged to invest Rs 8,000 crore more on a naphtha cracker unit and polypropylene (PP) facility in Odisha.

The fresh investments are over and above the Rs 70,000 crore the company had announced at the second edition of the biennial ‘Make in Odisha’ conclave in November 2018 where HPL earned the tag of the biggest investor.

The new investments by HPL add up to a total investment package of Rs 78,000 crore, said a state government official privy to the development. The High Level Clearance Authority (HLCA) chaired by chief minister Naveen Patnaik