Haldia plans to maintain bottomline during petrochem downturn period

26-Dec-07

Haldia Petrochemicals Ltd (HPL) is in the process of preparing a proposal to maintain its bottomline at current levels even during the petrochem downturn period which is expected to start from 2010, likely to continue till 2013. For this, the company has embarked upon a detailed feasibility study that will explore the options of introducing new product lines which do not require additional cracking capacity of naphtha. One such product is Butene 1, which have a greater potential for value addition and provide higher margins. Total investment outlay is estimated at Rs 700-800 crores.