Haldia Petrochemicals Ltd （HPL） http://www.haldiapetrochemicals.com/
Haldia Petrochemicals Ltd, one of the largest petrochemicals complexes in India and the only one of its kind in the eastern region was commissioned on April 2, 2000. A producer of polymers and chemicals, Haldia Petrochemicals is ushering in an industrial era of plastic processing and ancillary industry that has not been traditionally at hand in this part of the country. The complex produces ethylene, propylene and associated liquid stream products for downstream processing into polymers and chemicals.
Haldia is owned
by
the West Bengal provincial government 43%
the Chatterjee Group (an affiliate of the US-based Soros Group) 43%
The remaining 14% is held
by the Tata Group,
Indian Oil Corporation which has a 7.5% stake.
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GAIL board okays 10 % stake in Haldia Petro 実現せず？
Gail Board Approves Marketing Alliance With Haldia Petrochemicals
India's Haldia approves expansion plans for cracker, downstream
India's Haldia is to expand its polyethylene and polypropylene capacity
India's Haldia to expand cracker,
benzene, PE, PP plants Nov 2007
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| KTA: Kilo Tonnes Per Annum |
Platts 2005/1/31
India's Haldia approves expansion
plans for cracker, downstream
India's Haldia Petrochemicals has
finalized the date of its expansion plans to its 520,000 mt/yr
ethylene-based naphtha cracker and downstream capacity, a company
source said Monday.
The plans call for a 30% increase in
capacity by October 2006 to around 670,000 mt/yr. This followed the company's recent
approval of Indian Oil Corp's Rupees 1.5-bil ($34.3-mil)
investment stake in Haldia. Plans for the expansion project
however remained tentative in the current period, and were
expected to be announced only after Haldia issued its initial
public offer in May 2005. Haldia is owned by the West Bengal
provincial government and the Chatterjee Group, which is an
affiliate of the US-based Soros Group, each holding a 43% stake
each. The remaining 14% is held by the Tata Group, and more
recently also by IOC which has a 7.5% stake.
January 18, 2005 The Telegraph, Calcutta
HPL door opened to IndianOil
The principal promoters of Haldia Petrochemicals - The Chatterjee
Group and the Bengal government - have cleared IndianOil’s entry into the company.
The proposal, approved at an extraordinary general meeting on
Saturday, envisages an investment of Rs 150 crore in return for a 7.5 per cent stake. Indian Oil cleared the plan in October.
HPL promoters will now put their heads together to decide on the
timing of a long-planned initial public offering (IPO), which has
already been blessed by the board. Around 30 crore shares are
being put on the block.
“The HPL board will meet
soon to take a final call on the timing of the proposed offer,”
senior HPL officials said. Kotak
Mahindra Bank, DSP Merrill Lynch and JP Morgan have been picked
as lead managers to the book-built issue.
The Bengal government is optimistic that IndianOil’s entry will bring fresh funds from the
public-sector oil major to the state. “The government has always preferred
IndianOil as the fourth strategic partner. It has years of
experience in petroleum. This will help HPL grow,” senior officials of the state commerce and
industry department said.
The entry of IndianOil, which will have a director on the HPL
board, is being seen as a step forward in its own integration
process. Having lorded over petroleum retail and crude refining
for years, the Fortune 500 major has long been looking to get a
toehold in petrochemicals.
IndianOil could help in any expansion of HPL’s manufacturing capacity. Bengal will gain
if IndianOil sets up more downstream facilities close to its
refinery in Haldia. The PSU has promised a chemical park in the
port town as part of plans to turn it into eastern India’s petrochemicals hub.
IndianOil had earlier proposed an investment of Rs 5,700 crore in
Bengal -Rs 700 crore in HPL and Rs 5,000 crore in a synthetic
rubber plant and other petrochem-related units.
HPL insiders say Mani Shankar Aiyar facilitated the entry of
IndianOil. The petroleum minister had promised Bengal chief
minister Buddhadeb Bhattacharjee that he would clear the oil
major’s way to Haldia
Petrochem.
“We will soon inform the
corporate debt-restructuring cell of our decision on IndianOil,”
HPL officials said.
British Plastics &
Rubber 2006/1/26
Indian polyolefins
expansion
India's Haldia Petrochemicals is to expand its polyethylene and polypropylene capacity by upgrading its Basell Spherilene (PE) and Spheripol (PP) plants. LLD/HDPE capacity will rise from 225,000 to 368,000 tonnes and PP capacity will increase from 211,000 to 320,000 tonnes by the middle of 2007.
India's Haldia to expand
cracker, benzene, PE, PP plants Nov 2007
The naphtha cracker and benzene plant are to be brought down in
November for 45 days, during which the cracker's s ethylene
capacity would be raised from 520,000 mt/year to 670,000
mt/year.
Haldia is set to boost its benzene capacity by 33,600 mt/year
to 149,600 mt/year.
Following these, Haldia would then expand the capacities of its
polyethylene and polypropylene plants. The company's linear low
density PE (LLDPE)/high density PE (HDPE) swing unit
capacity will be increased to 348,000 mt/year from 270,000
mt/year. Its
HDPE
capacity will be raised by 73,000 mt/year to 323,000 mt/year. The
polypropylene capacity will be increased by 75,000 mt/year to
335,000 mt/year.