Bengal CM Assures Indian Oil of Land for Haldia Expansion
ECONOMY & POLICY

Bengal CM Assures Indian Oil of Land for Haldia Expansion

West Bengal Chief Minister Suvendu Adhikari has assured Indian Oil Corporation (IOC) that the state government will facilitate land for the company’s long-pending plan to expand its Haldia refinery and develop a petrochemical complex. The proposed expansion requires 175 acres adjoining the existing refinery.

The Haldia Development Authority has already arranged 85 acres, while the remaining land could be made available through the Haldia Dock Complex of Syama Prasad Mookherjee Port. Adhikari has taken up the matter with port authorities to support the transfer of land to IOC for its proposed project.

A state official said the project would be sent to IOC’s board for consideration if the land became available. The state-owned oil company is considering an expansion that may include a chemical downstream project, after seeking the contiguous parcel for several years.

IOC had earlier said that a standalone refinery was not sustainable in terms of profitability and needed to be supplemented by petrochemical facilities. The company has also sought to replicate at Haldia the model used at its Paradip refinery, where a large petrochemical ecosystem has been developed around the refinery.

Land availability has remained a longstanding constraint on expansion because the refinery is bounded by the Hooghly river, railway lines, canals and roads. In 2021, then Petroleum Minister Dharmendra Pradhan wrote to the ministers of chemicals and fertilisers and shipping, seeking intervention to make available about 175 acres held by Hindustan Fertilisers Corporation.

Commissioned in 1975 with an initial capacity of 2.5 mn tonnes per annum, the Haldia refinery has since expanded to nearly 9 mn tonnes per annum. It now produces fuels, lubricants and speciality products, and commissioned its second catalytic iso-dewaxing unit in 2024 to produce Group III lubricant base stocks. The development comes as the West Bengal government seeks to facilitate industrial projects through direct purchase, land pooling and other land-allocation mechanisms.

West Bengal Chief Minister Suvendu Adhikari has assured Indian Oil Corporation (IOC) that the state government will facilitate land for the company’s long-pending plan to expand its Haldia refinery and develop a petrochemical complex. The proposed expansion requires 175 acres adjoining the existing refinery. The Haldia Development Authority has already arranged 85 acres, while the remaining land could be made available through the Haldia Dock Complex of Syama Prasad Mookherjee Port. Adhikari has taken up the matter with port authorities to support the transfer of land to IOC for its proposed project. A state official said the project would be sent to IOC’s board for consideration if the land became available. The state-owned oil company is considering an expansion that may include a chemical downstream project, after seeking the contiguous parcel for several years. IOC had earlier said that a standalone refinery was not sustainable in terms of profitability and needed to be supplemented by petrochemical facilities. The company has also sought to replicate at Haldia the model used at its Paradip refinery, where a large petrochemical ecosystem has been developed around the refinery. Land availability has remained a longstanding constraint on expansion because the refinery is bounded by the Hooghly river, railway lines, canals and roads. In 2021, then Petroleum Minister Dharmendra Pradhan wrote to the ministers of chemicals and fertilisers and shipping, seeking intervention to make available about 175 acres held by Hindustan Fertilisers Corporation. Commissioned in 1975 with an initial capacity of 2.5 mn tonnes per annum, the Haldia refinery has since expanded to nearly 9 mn tonnes per annum. It now produces fuels, lubricants and speciality products, and commissioned its second catalytic iso-dewaxing unit in 2024 to produce Group III lubricant base stocks. The development comes as the West Bengal government seeks to facilitate industrial projects through direct purchase, land pooling and other land-allocation mechanisms.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code