Rs 83 crore loss likely by Haldia Petrochemicals in October

Due to an unscheduled shutdown, Haldia Petrochemicals (HPL) is expected to post a huge loss in October. This will be the company’s second shutdown in three months. On October 4, a snag in some components led to a complete shutdown for 6 days. Though production has been restarted, it will take time until October 23 for the company to reach full capacity. This problem is being attributed to improper implementation of project Supermax. Some unreliable components were installed in project Supermax by the past regime. Help from the present government will assist the management to reach the root of the problem.
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