Wednesday, 17 February 2016

Crowded petrochemical market: HPL's revival makes the market tougher for new public sector entrants

That revival of Haldia Petrochemicals Ltd (HPL) is going to make the Indian petrochemical market more competitive. 
8HPL, promoted by the Pumendu Chatterjee-led group manufactures commodities like high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and polypropylene (PP), and chemicals such as benzene, butadiene etc with intermediates being sourced from a naphtha cracker (capacity: 670 KTA of ethylene) located at Haldia, West Bengal.
8On a standalone basis, in 2014-15, the company reported a net profit of Rs. 365 crore on net sales of Rs. 3089 crore as against a net loss of..http://goo.gl/WNluOb 

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