Latest News | HPL Breaks Ground on Rs 3,000 Crore New Chemical Plant in Haldia

Kolkata, Jan 3 (PTI) Petrochemical major Haldia Petrochemicals Ltd on Wednesday announced that it has carried out the groundbreaking ceremony for India's largest phenol plant in West Bengal's Haldia.

The Rs 3,000 crore project is expected to be completed by the first quarter of 2026.

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The ceremony marking the beginning of piling work was attended by senior officials of the company.

This plant is also the first on-purpose propylene plant in India based on Olefin Conversion Technology (OCT) from Lummus Technology. It will enable the city-based HPL to become India's first integrated player in the phenolics chain.

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The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone.

The overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore with the commissioning of the plant, as stated by the company earlier.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)