South Asian Petrochem plans to invest Rs 2000 cr in Haldia

05-Mar-08
South Asian Petrochem Ltd. plans to invest Rs 2000 crore in two major projects in Haldia in the coming years. The company has a PET plant in Haldia, which commenced commercial production in the year 2003, at an investment exceeding Rs 500 crores. Initially the capacity was 1.4 lakh tpa, which expanded to 2 lakh tpa in 2007. Haldia has been growing as an industrial centre apart from the IOC refinery and Haldia Petrochemical Ltd. Haldia has a reasonably good infrastructure with the Haldia dock complex, good connectivity with Kolkata, availability of industrial land, adequate water and power.
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