MOSCOW (MRC) -- After a prolonged closure, the Haldia Petrochemicals Ltd (HPL) plant is in the process of re-starting operations with the trial run to begin in the near future, as per Plastemart.
"The captive power plant has been commissioned as a pre-start up activity. The main plant start-up should happen anytime now," a source in HPL told PTI, adding that stabilisation of the power plant would take some days, after which steps would be initiated for operating the mother plant, closed since July 2014.
Earlier, the West Bengal Government had provided Rs. 100 crore as margin money as demanded by the lenders, while the other promoter, TCG, was yet to furnish that amount. TCG has agreed to come up with the margin money, while the lenders have also committed funds for running the plant.
As MRC wrote before, in mid-July 2014, the manufacturing plant of Haldia Petrochemicals Ltd was shut down after the naphtha cracker unit developed a technical snag. Earlier, the Haldia plant was running at 50% capacity for long due to working capital crunch.
Haldia Petrochemicals Ltd is a modern naphtha based petrochemical complex at Haldia, West Bengal, India. Haldia has played the role of a catalyst in emergence of more than 500 downstream processing industries in West Bengal with a capacity to process more than 3,50,000 TPA of polymers, among which are polyethylene (PE) and polypropylene (PP).
MRC