Haldia Petrochemicals to invest Rs 50,000 cr in Tamil Nadu naphtha unit

11-Sep-19

Haldia Petrochemicals has signed an agreement to invest Rs 50,000 crore to set up a naphtha cracker unit in Tamil Nadu.

In a bid to attract investors, Palaniswami is on a two-week trip to London, the US and Dubai. Further, during an investor meeting, 16 companies, including Jean Martin, Aquil Systems, Scitus Pharma, Nurray Chemicals, Novitium Labs, Jogo Health, ST LNG, Saram 4, Emerson, Aspire Consulting, Revature-LLC, and Zillion Technologies, agreed to invest around Rs 2,780 crore in the state, said the release. Tamil Nadu has been the leader in renewable energy in India. However, last year, Karnataka overtook the state. The state continues to be the leader in wind power and might regain its position with new projects.