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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 India's growing demand.
Filament yarn expansion for Chatterjee Group
The Rs. 1250 crore FDY Yarn expansion project at Garden Silk Mills Private Limited GSMPL marks the beginning of a period of rapid progress in the textile sector by The Chatterjee Group TCG under the leadership of its visionary Chairman Dr. Purnendu Chatterjee.
Bengaluru: Indian Institute of Management Bangalore (IIM Bangalore) has completed placements for summer internships of its largest ever Post Graduate Programme in Management (PGP) and Post Graduate Programme in Business Analytics (PGP-BA) batch of 60