+
Haldia Petchem Proposes $10B Oil-to-Chemical Project
OIL & GAS

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

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.

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.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?