Haldia Petrochemicals

Haldia Petrochemicals signs 10-yr pact with QatarEnergy for naphtha supply

'Deal reaffirms commitment to be part of India's economic growth trajectory,' says Qatar's energy minister

Haldia Petchem planning $10 bn oil-to-chemical project in south India

The company wants to boost profits by locally producing specialty chemicals

Haldia Petrochemicals breaks ground on Rs 3,000 cr chemical plant in Bengal

Petrochemical major Haldia Petrochemicals Ltd on Wednesday announced that it has carried out the groundbreaking ceremony for India's largest phenol plant in West Bengal's Haldia. The Rs 3,000 crore project is expected to be completed by the first quarter of 2026. The ceremony marking the beginning of piling work was attended by senior officials of the company. This plant is also the first on-purpose propylene plant in India based on Olefin Conversion Technology (OCT) from Lummus Technology. It will enable the city-based HPL to become India's first integrated player in the phenolics chain. The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone. The overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore with the commissioning of the plant, as stated by the company earlier.

HPL to invest Rs 3,000 cr to set up new chemical plants in West Bengal

Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to set up new plants in West Bengal, a company spokesperson said on Thursday. It will build the first on-purpose propylene plant and a phenol unit at its existing manufacturing facility at Haldia, and both the projects are expected to be completed by the first quarter of 2026, he said. The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone, he said. "With the commissioning of these plants, the overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore," Narayan said. The propylene plant will be based on olefin conversion technology (OCT). According to the spokesperson, the company earned a revenue of Rs 999 crore from speciality chemicals during the last 2022-23 fiscal. HPL said the proposed investment will likely be the largest in West Bengal in the chemical sector in the last two decades. Narayan said the two projects will generat

HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday

Haldia Petrochemicals eyes $30-billion expansion, may hit Street

To set up 3 units in TN, Andhra, Odisha; TCG also considering strategic partner

Bankers, financial institutions to take around 95% hair cut in NOCL

Haldia Petrochemicals (HPL) has agreed to pay Rs 600 crore to revive NOCL

NCLT approves Haldia Petrochemicals scheme to revive Nagarjuna Oil Corp

Haldia Petro is planning to invest around Rs 50,000 cr to convert this refinery into a petrochemical complex

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

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Ind-Ra downgrades Haldia Petrochemicals to AA-minus with negative outlook

Ind-Ra said it has considered the standalone profile of HPL and has not consolidated the debt of 1.5 billion dollars taken at the asset level (Lummus) as the debt has been taken without recourse

Odisha investments tank 67% by value in FY19, job creation potential halves

Not all investment intents of Make in Odisha 2018 translated into commitments; several projects stuck in 'labyrinth of approvals'

Electronics manufacturer Flex to expand its facilities in Tamil Nadu

Company plans to move some units to the state from neighbouring countries

Haldia Petrochemicals to form committee to probe industrial fire

HPL has already shut down its plants to extinguish the fire completely and the flow of naphtha has been cut

Haldia Petrochemicals shuts down plant after fire leaves 15 injured

The fire broke out at the company's Haldia plant in West Bengal on Friday, leaving at least 15 people injured

IOC, Haldia Petro projects worth Rs 2 trillion may trip on land hurdles

Big ticket projects in Odisha have been hit by land acquisition woes; ArcelorMittal had to mothball its 12-mn-tonne steel mill in 2013 largely due to resistance from locals

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

Odisha clears Rs 2.04-trn investments; focus on sectors other than mining

The new investments will generate direct employment for 30,000 people while creating indirect job opportunities for 100,000 others

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

Adani Ports among 3 firms interested in reviving Nagarjuna Oil Corporation

NOCL has revealed that the three prospective bidders have submitted their Expression of Interest (EoI) for submission of their Scheme for revival under the Section 230 of the Companies Act, 2013