Haldia Petrochemicals to invest Rs 50,000 cr in Tamil Nadu naphtha unit

The development comes amid Chief Minister K Palaniswami's two-week trip to London, the US, and Dubai to attract investors

Haldia Petrochemicals has signed an agreement to invest Rs 50,000 crore in Tamil Nadu. At the same time, Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium Labs, and Jogo Health, among others, have agreed to invest around Rs 2,780 crore in the state.

According to a Tamil Nadu government release, during Chief Minister K Palaniswami's visit to New York, Haldia Petrochemicals signed an agreement in principle to invest around Rs 50,000 crore to set up a naphtha cracker unit in the state. 

Further, during an investor meeting, 16 companies, including Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium