Navanit Narayan News Today

The Chatterjee Group is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd to build a more than $10 billion project in... -April 02, 2024 at 03:14 am EDT - MarketScreener

The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons per year (tpy) of ethylene and propylene, at Cuddalore in Tamil Nadu by 2028 to 2029, Haldia CEO Navanit Narayan said on Monday, adding the project is expected to reach financial closure by the end of 2024.

The Chatterjee Group (TCG) is in discussions with local and global firms to collaborate on a more than $10 billion oil-to-chemical project in southern India, aiming for financial closure by end-2024. Haldia Petrochemicals Ltd (HPL) plans to boost profits by locally producing specialty chemicals to meet Indias growing demand.

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Haldia Petrochemicals: The company, which owns a naphtha cracker producing 700,000 metric tons per year in the eastern state of West Bengal, sources 50% of its feedstock from the Middle East and relies on local refiners like Indian Oil, HPCL and BPCL for the rest of its feedstock needs.

The company, which owns a naphtha cracker producing 700,000 metric tons per year in the eastern state of West Bengal, sources 50% of its feedstock from the Middle East and relies on local refiners like Indian Oil, HPCL and BPCL for the rest of its feedstock needs.

The present dispute arose from an agreement signed between The Chatterjee Group (TCG), the promoter of HPL, and West Bengal Industrial Development Corporation (WBIDC) on September 11, 2014, whereby the private party bought 52 crore shares from WBIDC for Rs 25.10 apiece

Kolkata: Haldia Petrochemicals Ltd (HPL) on Wednesday became the first ISO 27001:2022 certified petrochemical organisation in the industry by BSI (British Standards Institution), a renowned certification body.

Petrochemicals major Haldia Petrochemical Limited (HPL) announced on Wednesday that it has begun the site execution process for the entity's largest phenol plant in India to be located in the industrial township of Haldia in West Bengal's East ...

Two multi-billion-dollar petrochemical plants are coming online in India in coming months at a time of weaker-than-expected demand, setting the stage for fierce price competition domestically and...