South Asian Petrochem plans to invest Rs 2000 cr in Haldia

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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