Haldia Petrochemicals Ltd plans to increase capacity by 28%

27-Nov-06

Haldia Petrochemicals Ltd (HPL) plans to invest Rs 800 crore by March 2008 for revamping its existing plant and increasing capacity by about 28%. Besides capacity building, HPL is also evaluating the possibility to switch over to a coal-fired power plant from the existing naphtha-based unit to reduce the cost of energy by around Rs 140-160 crore pa. The company board has recently decided on a detailed feasibility study, for another major expansion, including a second plant. HPL has already started working internally on the study, but would later hire an external consultant for the finalisation.