Haldia Petrochemicals
Haldia Petrochemicals Ltd., often referred to as HPL, is one of the largest petrochemical company in India, with a total capacity equivalent to 10, 00,000 TPA of ethylene.[1] It was formed out of a joint venture between Government of West Bengal, The Chatterjee Group, TATA Group and Indian Oil Corporation in 1994. The Commercial production started in 2001. The factory complex is located 125 km from Kolkata, at Haldia, in the Purba Medinipur district of West Bengal, India.
The corporate office is located at Kolkata, West Bengal. Address: Haldia Petrochemicals Limited Bengal Eco Intelligent Park, Tower 1, Block EM, Plot No 3, Sector V, Salt Lake PO: Bidhan Nagar, District: North 24 Paraganas, Kolkata 700091, West Bengal.
HPL is a naphtha based petrochemical complex with the capacity to process more than 3,50,000 TPA of polymers.
Its main products are Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP), Benzene, Butadiene, Cyclopentane, C4 Hydrogenated (LPG), Pyrolysis Gasoline (Py Gas), Carbon Black Feedstock (CBFS) and Motor-Spirit, MTBE and Butene-1.
History
- 1985 Incorporated as a public limited company
- 1992 Environmental Clearance of the project received
- 1994 MOU signed between WBIDC, Chatterjee Fund Management, Soros Fund Management & Tata group of companies for implementation of HPL Complex through a joint venture co.
- 1996 Land Acquisition completed
- 1997 Project construction started
- 2000 Project Commissioned. Trial production started d.
- 2003 Corporate Debt Restructuring (CDR) Approved
- 2004 Reported PAT for the first time. Turnover exceeded US$1 Billion
- 2005 Capacity enhanced by 25%
- 2007 Turnover exceeded US$2 Billion. Reported maximum PAT since inception
- 2009 HPLCL buyout and management control
- 2010 Completion of project Supermax
References
- "About Haldia Petrochemicals". Haldia Petrochemicals Ltd. Archived from the original on 18 February 2012. Retrieved 6 December 2011.