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Haldia Petrochemicals Plans Downstream Chemical Projects in Bengal
Haldia Petrochemicals makes chemicals that are often sold as basic materials.
The company now wants to turn more of those chemicals into products that are closer to what customers use.
Its new plants will make phenol and acetone, which are used in products such as adhesives and medicines.
The plants are due to start operating on October 14.
HPL plans to encourage other businesses in Bengal to make products from these chemicals.
It also expects to build some of its own smaller downstream projects on land it already has.
The company says it may expand the plants later with limited investment.
Its chief executive says business conditions could improve in FY28 and FY29.
Haldia Petrochemicals is planning several downstream chemical projects as it shifts toward value-added products.
Its integrated phenol and acetone plants, built through Adperma Private Ltd for ₹6,000 crore, are scheduled to be commissioned on October 14.
The plants have annual capacities of 345,000 tonnes of phenol and 215,000 tonnes of acetone.
HPL plans to focus first on derivatives of phenol and acetone, while considering chemicals including butadiene, benzene and pi-gas for later value addition.
The company expects its first full year of Adperma operations in FY28 could bring turnover of ₹6,000 crore.
- Who
- Haldia Petrochemicals, led by managing director and CEO Navnit Narayan.
- What
- The company is planning downstream chemical projects and shifting toward value-added products.
- Where
- At Haldia Petrochemicals' site in Bengal, India.
- When
- The phenol and acetone plants are scheduled to be commissioned on October 14; the broader investment plan covers the next five years.
- Why
- HPL wants to add more value to chemicals it currently sells largely as commodities and get closer to end consumers.
Key facts
- Project investment
- ₹6,000 crore for the integrated phenol and acetone plants.
- Phenol capacity
- 345,000 tonnes annually.
- Acetone capacity
- 215,000 tonnes annually.
- Potential FY28 turnover
- Adperma may record ₹6,000 crore in its first full year of operations.
- Possible expanded phenol capacity
- 400,000 tonnes after production stabilises, through debottlenecking and limited investment.
- Remaining land
- About 260 acres after the Adperma project, where HPL may develop four small projects.
- India's FY26 imports
- About 276,000 tonnes of phenol and 129,000 tonnes of acetone.
Quotes
Navnit Narayan
Managing director and CEO of Haldia Petrochemicals.
“The first half year has been rough due to the West Asia crisis, even though HPL posted a profit after four years in FY26. But FY28/29 will certainly be better.”
telegraphindia.com
“Value addition is our next five-year investment plan — multiple chemicals we will get into as part of derivative of phenolic chain.”
telegraphindia.com
Sources
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