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Haldia Petrochemicals Ltd.
Type
Private
Industry
Petrochemical
Founded
2001; 20 years ago (2001) at Kolkata, West Bengal, India
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.[2] It was formed out of a joint venture between Government of West Bengal, , 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[citation needed].
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[]
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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
₹11,324.9 (2017)[1]