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Haldia Petrochemicals acquires US firm Lummus Technology for $2.7 billion

Lummus is a master licensor of proprietary technologies in refining, petrochemicals, gas processing and coal gasification sectors, and a supplier of proprietary catalysts, equipment and related engine

Haldia Petrochemicals

Ishita Ayan Dutt  |  Kolkata 

Haldia Petrochemicals Ltd
HPL is one of the largest petrochemical companies in India, having its manufacturing facility at Haldia, West Bengal. It has a total capacity of 7,00,000 TPA of ethylene

(HPL), a flagship company of The Chatt­erjee Group (TCG), alo­ng with its international partner Rhone Capital has acquired US-based Lummus Technology at an enterprise value (EV) of $2.725 billion (around Rs 20,590 crore) from McDermott International.



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First Published: Wed, July 01 2020. 18:26 IST