Re impact: Haldia Petro losing Rs 10-13 cr a month

November 2007
Chemical Business;Nov2007, Vol. 21 Issue 11, p75
Trade Publication
The article reports on the impact of the appreciation of Indian rupee against U.S. dollar on Haldia Petrochemicals. The bottom line of the firm was hit by 10 to 13 crores a month according to managing director and CEO Swapan Bhowmik. He explained that the loss is registered due to translation of dollar denominated prices in rupee and is net of the exchange gains on feedstock purchases. It mentions the limited scope of the company to increase the volume sales until the capacity is expanded.


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