Haldia Petrochemicals to shut plant due to capacity expansion

March 2008
Chemical Business;Mar2008, Vol. 22 Issue 3, p50
Trade Publication
The article reports on the decision of Haldia Petrochemicals (HPL) to shut down its plant in India, due to capacity expansion. It notes that the firm is spending about 900 crore on capacity expansion. According to HPL managing director S. K. Bhowmik, there will be an additional burden of 400 crore on the company as it increases its plant capacity to increase in import duty on naphtha. He adds that the firm imports 80% of its naphtha need and obtains the remaining from Indian Oil Corp. and others.


Related Articles

  • India polymer firms may hike prices. Fadhil, Muhamad // ICIS Chemical Business;9/1/2014, Vol. 286 Issue 6, p16 

    The article discusses the plan of polymer producers in India to raise material prices following shortfalls in supply allocations from the Middle East. It is noted that shutdowns of polymers plants by Indian producers and disruptions in Saudi Arabia have prompted Reliance Industries, Indian Oil...

  • Will Haldia be able to face competition?  // Chemical Business;Sep99, Vol. 13 Issue 9, p5 

    Reports on the business operations of Haldia Petrochemicals Ltd. Main products of Haldia; Plans of Indian Oil Corporation to buy one of Haldia's by-products; Comment from Haldia's managing director A. Krishanamoorthy about the operation of the company.

  • IOC Sets Conditions for Takeover of Haldia Petrochemicals. Alperowicz, Natasha // Chemical Week;4/24/2002, Vol. 164 Issue 17, p17 

    Discusses the conditions of the agreement of Indian Oil Corp. (IOC) to take a stake in Haldia Petrochemicals Ltd. (HPL) in Haldia, India. Impact of the conditions on the ability of Soros-Chatterjee Group to raise its stake in HPL; Creditors of HPL; Amount of the debts of HPL.

  • Polymer supplies in India could get streamlined if IOC's bid for HPL comes through.  // Popular Plastics & Packaging;Aug2013, Vol. 58 Issue 8, p64 

    The article suggests the possibility of the polymer supplies in India to be more streamlined if Indian Oil Corp. (IOC) wins the 33.99 percent stake of the West Bengal government in the financially constrained petrochemical producer, Haldia Petrochemicals Ltd. (HPL).

  • Haldia Petrochem cracker expansion faces delays.  // Popular Plastics & Packaging;Mar2008, Vol. 53 Issue 3, p60 

    The article talks about the delay in the completion of Haldia Petrochemicals Limited's (HPL) expansion project for its naphtha cracker in 2008. The cracker is projected to increase capacity from 523,000-tonnes per annum (tpa) to 670,000-tpa but is running behind schedule according to reports....

  • IOC shows renewed interest in Haldia Petchem stake.  // Asian Chemical News;6/9/2003, Vol. 9 Issue 404, p8 

    Deals with the renewed interest shown by Indian Oil Corp. (IOC) and Gail India to take a stake at Haldia Petrochemicals Ltd. (HPL). Implication of the re-entry of IOC on the restructuring of HPL; Reason behind the failure of IOC to take a stake at HPL in 2002; Information on the restructuring...

  • IOC proposes compromise in bid for HPL. Tong, Alfred // Asian Chemical News;12/22/2003, Vol. 10 Issue 428, p6 

    Reports on the decision of Indian Oil Corp. to drop its demand for immediate management control of Haldia Petrochemicals Ltd. Reluctance of the Chatterjee Group to relinquish management control; Promise made by Indian Oil with regard to the overall downstream economic development of the region.

  • Indian Oil and MRPL in Talks to Buy Haldia Petrochemicals. ALPEROWICZ, NATASHA // Chemical Week;6/25/2012, Vol. 174 Issue 17, p14 

    The article states Mangalore Refinery and Petrochemicals Ltd., a subsidiary of Oil and Natural Gas Corp., and Indian Oil have each expressed an interest in gaining a major stake in Haldia Petrochemicals (HPL) after the West Bengal government expressed interest in selling its 44 percent stake in HPL.

  • IOC nears end of due diligence on Haldia Petrochem.  // Asian Chemical News;10/4/2004, Vol. 10 Issue 463, p7 

    Reports on the expectations of Indian Oil Corp. (IOC) regarding the completion of due diligence on Haldia Petrochemicals Ltd. (HPL), as of October 2004. Reason behind the failure of IOC to control an equity stake in HPL three years ago; Value to be invested by Gail in HPL; Percentage of HPL...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics