Trisha Shetty (Editor)

Haldia Petrochemicals

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Founder
  
Purnendu Chatterjee

Founded
  
1985

Subsidiaries
  
Haldia Riverside Estates Limited, HPL Cogeneration Limited, Bengal Cracker Complex Limited

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Haldia Petrochemicals Ltd., often referred to as HPL, is the second largest petrochemical company in India, with the company claiming a total capacity equivalent to 7, 00,000 TPA of ethylene. It was formed out of a joint venture between Government of West Bengal, The Chatterjee Group, TATA Group and Indian Oil Corporation in 1994. The first commercial production started in 2001. The factory complex is located 125 km from Kolkata, at Haldia, in the Purba Medinipur district of West Bengal, India.

Contents

HPL is a naphtha based petrochemical complex with the capacity to process more than 3,50,000 TPA of polymers.

Its main products are Linear Low Density Polyethylene (LLDPE), High Density Polyethylene (HDPE), Polypropylene (PP), Benzene, Butadiene, Cyclopentane, C4 Hydrogenated (LPG), Pyrolysis Gasoline (Py Gas), Carbon Black Feedstock (CBFS) and Motor-Spirit

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History

  • 1985 Incorporated as a public limited company
  • 1992 Environmental Clearance of the project received
  • 1994 MOU signed between WBIDC, Chatterjee Fund Management, Soros Fund Management & Tata group of companies for implementation of HPL Complex through a joint venture co.
  • 1996 Land Acquisition completed
  • 1997 Project construction started
  • 2000 Project Commissioned. Trial production started d.
  • 2003 Corporate Debt Restructuring (CDR) Approved
  • 2004 Reported PAT for the first time. Turnover exceeded 1 Billion USD
  • 2005 Capacity enhanced by 25%
  • 2007 Turnover exceeded 2 Billion USD. Reported maximum PAT since inception
  • 2009 HPLCL buyout and management control
  • 2010 Completion of project Supermax
  • 2011

    • Awards and achievements

  • Certification on ISO-9001:2008 by M/s Det Norske Veritas, Netherlands.
  • Certification on ISO-14001:2004 by M/s Det Norske Veritas, Netherlands.
  • Certification on OHSAS-18001 by M/s Det Norske Veritas, Netherlands.
  • British Safety Council's award of 5 STARS for Health & Safety Management Systems.
  • Ranked first for its Safety Management by Confederation of Indian Industry (CII), 2001-2002.
  • Ranked first for its excellent Environment & Safety Management by West Bengal Pollution Control Board and Indian Chamber of Commerce, 2002-2003

    • ICMA (Indian Chemicals Manufacturers Association) Award 2002-03 for Excellence in Management of Health/Safety/Environment.

    References

    Haldia Petrochemicals Wikipedia
    (Text) CC BY-SA


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