Haldia Petchem Proposes $10B Oil-to-Chemical Project

04 Apr 2024 CW Team

Haldia Petrochemicals (HPL) is contemplating a significant investment of $10 billion for establishing an oil-to-chemical (O2C) project in South India. This ambitious project aims to capitalise on India's growing demand for chemicals and petrochemicals while enhancing the nation's self-reliance in these crucial sectors.

The proposed O2C project by Haldia Petchem underscores the company's strategic vision to diversify its portfolio and leverage advanced technology for value-added production. With a focus on converting crude oil into high-value chemicals, the project aligns with India's efforts to boost domestic manufacturing and reduce dependency on imports.

The $10 billion investment earmarked for the O2C project signifies Haldia Petchem's commitment to driving innovation and sustainable growth in the petrochemical industry. By harnessing cutting-edge technology and adopting eco-friendly practices, the company aims to establish itself as a leader in the O2C segment.

The envisioned O2C project holds immense potential to transform India's petrochemical landscape and contribute significantly to the country's economic development. It is expected to create employment opportunities, foster technological advancements, and bolster India's position as a global hub for chemical manufacturing.

As Haldia Petchem progresses with its plans for the O2C project in South India, stakeholders in the energy and petrochemical sectors await further details and anticipate the project's positive impact on the industry and the economy. The proposed investment reflects Haldia Petchem's confidence in India's growth trajectory and underscores its commitment to driving progress in the nation's industrial landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..