Haldia Petrochemicals Ltd plant shutdown to continue for some more time

29-Sep-14

The shutdown at Haldia Petrochemicals Ltd plant, on for more than 75 days, would continue for some more time, a source told PTI. The plant was running at less than 50% of its capacity before the shutdown period. "When the plant reopens now, it will start at full capacity," he said. When pointed out that the downstream plastics units in the state and around were facing difficulties in sourcing polymers due to the prolonged shutdown, he said: "We are aware of their problems. But it is not possible to start the plant as there is a huge funds shortage." However, as the issue of ownership of HPL comes to some conclusion with the West Bengal government deciding to transfer its shares to TCG, the financial issues could be expected to iron out.