Haldia Petrochemicals

Indian petrochemical company

Haldia Petrochemicals Ltd.

HPL plant at Haldia

Type| Private
Industry| Petrochemical
Founded| 2001; 22 years ago (2001) at Kolkata, West Bengal, India
Headquarters| Kolkata, West Bengal, India[1]

Area served

| Worldwide

Key people

| Purnendu Chatterjee
Products| Polymers
Chemicals
Revenue|  ₹10,165 crore (US$1.3 billion) (2017)[1]

Net income

|  ₹2,317 crore (US$290 million) (2017)[1]
Parent| The Chatterjee Group
Website| Official Website

Haldia Petrochemicals Ltd., often referred to as HPL, is one of the largest petrochemical companies in India. HPL which began commercial production in 2000, has its headquarters located in Kolkata, West Bengal, India. It has a large petrochemical plant based out of Haldia in Eastern India. The company as of 2018 held the position of being the fourth largest player in the domestic petrochemical market and enjoyed a dominant position in Eastern India.[1]

## History[edit]

* 1985 Incorporated as a public limited company
* 1992 Environmental Clearance of the project received
* 1994 MOU signed between WBIDC, Chatterjee Fund Management, Soros Fund Management & Tata Group for implementation of HPL Complex through a joint venture company[1]
* 1996 Land Acquisition completed
* 1997 Project construction started
* 2000 Project got commissioned and trial production started[1]
* 2003 Corporate Debt Restructuring (CDR) got approved
* 2004 Reported PAT for the first time and the turnover surpassed US$1 Billion
* 2005 Capacity was enhanced by 25%
* 2007 Turnover exceeded US$2 Billion and the company reported maximum PAT since inception
* 2009 HPLCL buyout and management control
* 2010 Completion of project Supermax
* 2015 Controlling stake acquired by TCG Group[2]
* 2016 Set up HPL Global Pte Ltd in Singapore as first overseas wholly owned subsidiary

## Financials[edit]

HPL reported a total income of Rs.10,165 crores during the financial year ended March 31, 2017 as compared to Rs.10,115 crores during the financial year ended March 31, 2016. The company has posted net profit of Rs.2,317 crores for the financial year ended March 31, 2017 as against net profit of Rs.1,579 crores for the financial year ended March 31, 2016.[1]

## Expansion & acquisitions[edit]

* Lummus Technology: Lummus Technology is a licensor of proprietary technologies in the refining, petrochemicals, gas processing and coal gasification sectors, as well as a supplier of proprietary catalysts, equipment and related engineering services. It has around 130 licensed technologies and more than 3,400 patents and trademarks. Haldia Petrochemicals Ltd (HPL) and Rhone Capital, a global private equity firm, in July 2020 jointly acquired US-based Lummus Technology from McDermott International. The enterprise value of the deal was estimated to be $2.725 billion (approximately ₹20,590 crore). HPL held close to 57 per cent of the enterprise value, amounted out to approximately ₹11,736 crore, to fund the acquisition. The deal was partly funded by equity and partly by debt. State Bank of India was the lead banker in the deal.[3][4]
* Nagarjuna Oil Corporation Ltd.: NOCL's refinery project in Cuddalore was supposed to go on stream in 2012, but faced numerous delays, including in the form of a cyclone in 2011. Time and cost overruns resulted in the project cost escalating to ₹15,000 crore from ₹3,500 crore. A consortium of 17 banks, that funded the project, was to have brought in an additional ₹7,000 crore debt as part of a restructuring plan. However, it did not materialize and insolvency proceedings were initiated against NOCL. The project was one of the biggest for Tamil Nadu and the state government had offered tax incentives during the global investors meet held in 2015. National Company Law Tribunal had ordered liquidation of NOCL in 2018, after resolution plans failed to materialize. Later, HPL submitted a resolution plan. The NCLT, Chennai in March 2021 approved the resolution plan submitted by Haldia Petrochemicals for NOCL.[5][6]
* Coastal Oil & Gas Infrastructure: HPL in February 2022 emerged as a successful bidder for Coastal Oil & Gas Infrastructure Pvt. Ltd. (COGIL), a special purpose vehicle of Nagarjuna Oil Corporation Ltd (NOCL), which was acquired by HPL in a liquidation process in 2021. HPL was among the two resolution applicants to have submitted their resolution proposals for acquiring COGIL through the corporate insolvency resolution process. BOMS Private Limited was the other resolution applicant.[7]

## Products & services[edit]

The company derives 77% of its revenue from polymers such as high density polyethylene (HDPE), linear low density polyethylene (LLDPE), polypropylene and 23% of its sales from chemicals such as benzene, butadiene and motor spirit. Exports account for nearly 20% of the revenues and the share is expected to increase in medium-term. HPL has strong clientele for its products both in the domestic and overseas markets. The marketing of products is carried out by Del Credere Agents which operate on cash and carry model. Naphtha is mainly procured from major international and domestic players such as Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd, Kuwait Petroleum Corporation, Shell and many more on both spot and term basis.[1]

## References[edit]

1. ^ a b c d e f g h "Rating Rationale Haldia Petrochemicals Limited". www.crisil.com. Retrieved 24 June 2023.
2. ^ "The Chatterjee Group emerges single largest shareholder in HPL". The Economic Times. 4 January 2016. ISSN 0013-0389. Retrieved 24 June 2023.
3. ^ "HPL, partner company buy Lummus Tech". The Times of India. 2 July 2020. ISSN 0971-8257. Retrieved 24 June 2023.
4. ^ Pathak, Kalpana (1 July 2020). "Haldia Petro and Rhone Capital acquire US-based Lummus Technology for $2.72 bn". mint. Retrieved 24 June 2023.
5. ^ "Haldia Petro taking over NOCL breathes life into region". www.thehindubusinessline.com. 21 March 2021. Retrieved 24 June 2023.
6. ^ "TCG-backed Haldia Petrochemicals gets third time lucky with Nagarjuna Oil Corp". VCCircle. Retrieved 24 June 2023.
7. ^ Mehta, Sangita (24 February 2022). "Haldia Petro to acquire Coastal Oil & Gas Infra under bankruptcy route". The Economic Times. ISSN 0013-0389. Retrieved 24 June 2023.

## External links[edit]

* Official website

* v
* t
* e

Energy companies and organizations in India

Oil & Gas

| Infrastructure|

| Refineries|

| Public|

| Indian Oil|

* Gujarat
* Haldia
* Mathura
* Panipat
* Paradip
* Barauni
* Bongaigaon
* Guwahati
* Digboi

|

Oil & Natural Gas Corporation|

* Mangalore Refinery and Petrochemicals
* Tatipaka

Hindustan Petroleum|

* Mumbai
* Visakhapatnam
* Barmer
* Guru Gobind Singh

Chennai Petroleum|

* Manali
* Nagapattnam

Bharat Petroleum|

* Mumbai
* Numaligarh
* Kochi
* Bina

Private|

| Reliance Industries|

* Jamnagar (SEZ)
* Jamnagar (DTA)

|

Nayara Energy|

* Nayara Jamnagar

Pipeilnes|

| Oil|

* Motihari-Amlekhganj
* Kandla–Bhatinda Oil
* Mumbai–Manmad

|

Gas|

* Dabhol–Bangalore Natural Gas Pipeline
* East West Gas Pipeline (India)
* HVJ Gas Pipeline
* Turkmenistan–Afghanistan–Pakistan–India Pipeline
* Kandla-Gorakhpur LPG Pipeline
* Urja Ganga Gas Pipeline Project

Terminals|

| Oil|

* Konkan LNG Private Limited
* Dahej Terminal
* Hazira Terminal
* Kochi Terminal
* Mundra Terminal
* Chennai Terminal

|

LNG|

* Agra Terminal
* Dhourmui Terminals
* Roorkee Terminal
* Manmad Terminals
* Irumpanam Terminal
* Jalandhar Terminals
* Ambala Terminal
* Sangrur terminal
* Bhatinda terminal
* Jammu Depot
* Srinagar depot
* Parwanoo depot
* Kandla Foreshore Terminal
* Rewari Terminal
* Bijwasan Terminal
* Shakurbasti terminal
* Panipat Marketing Complex
* Mathura Terminal
* Sanganer Terminal

Other|

* Strategic Petroleum Reserve (India)

Companies|

| Private|

* Cairn India
* Castrol India
* Great Eastern Energy
* Nayara Energy
* Reliance Industries
* Reliance Natural Resources
* Reliance Petroleum
* Savita Oil Technologies
* Vedanta

|

PSUs|

* Bharat Petroleum
* Bongaigaon Refinery and Petrochemicals
* Chennai Petroleum
* GAIL
* Gujarat Gas
* Gujarat State Petroleum Corporation
* Haldia Petrochemicals
* Hindustan Petroleum
* Indane
* Indian Oil
* Indraprastha Gas
* Mahanagar Gas
* Mangalore Refinery and Petrochemicals
* Oil & Natural Gas Corporation
* Oil India
* Petronet LNG
* Projects and Development India
* Ratnagiri Gas and Power

Power stations

| Central|

| Chhattisgarh|

* Avantha Korba West
* DBPL Baradarha
* Dr Shyama Prasad Mukharjee
* Hasdeo
* Jindal Tamnar
* Korba Super
* Korba
* KSK Mahanadi
* LARA Super Thermal
* Marwa
* NSPCL Bhilai
* Raikheda
* Sipat

|

Madhya Pradesh|

| Thermal|

* Amarkantak
* Anuppur
* Bina
* Dada Dhuniwale
* Essar Mahan
* Gadarwara
* Jhabua
* Khargone
* Sanjay Gandhi
* Sasan UMPP
* Satpura
* Shree Singaji
* Vindhyachal

|

Hydro|

* Bansagar
* Bargi
* Gandhi Sagar
* Indirasagar
* Madikheda
* Omkareshwar

Uttar Pradesh|

| Thermal|

* Anpara
* Bara
* Feroze Gandhi Unchahar
* Ghatampur
* Jawaharpur Super
* Karchana
* Khurja Super
* Harduaganj
* Lalitpur
* Meja
* NTPC Auraiya
* NTPC Dadri
* NTPC Tanda
* Obra
* Panki
* Parichha
* Renusagar
* Rihand
* Rosa
* Singrauli

|

Nuclear|

* Narora

East|

| Bihar|

* Barauni
* Barh Super
* Buxar
* Kahalgaon Super
* Kanti
* Nabinagar Super
* Nabinagar

|

Jharkhand|

| Thermal|

* Adani Godda
* Bokaro B
* BPSCL
* Chandrapura
* Jojobera
* Koderma
* Maithon Gas
* Maithon
* Matrishri Usha Jayaswal MPP
* North Karanpura
* Patratu
* Tenughat
* Patratu Super

|

Hydro|

* Maithon
* Panchet
* Tilaiya

Odisha|

| Thermal|

* Angul
* Darlipali Super
* Hirakud Captive
* Ib
* Kamalanga
* NALCO
* Sterlite Jharsuguda
* Talcher–Kolar HVDC system
* Talcher Super
* Talcher
* Vedanta Jharsuguda

|

Hydro|

* Chipilima
* Hirakud
* Rengali Dam

West Bengal|

* Bakreshwar
* Budge Budge
* Bandel
* Durgapur
* Farakka Super
* Haldia Energy
* Kasba
* Katwa Super
* Kolaghat
* Mejia
* New Cossipore
* Raghunathpur
* Sagardighi
* Santaldih
* Southern
* Titagarh

Northeast|

| Thermal|

* Agartala Gas
* Assam Gas

|

Hydro|

* Doyang
* Kopili
* Subansiri Lower
* Upper Siang
* Ranganadi
* Dibang (planned)

North|

| Delhi|

* Badarpur
* IPGCL Gas
* Pragati-I Gas
* Pragati-III
* Rajghat
* Rithala Gas

|

Haryana|

* Deenbandhu Chhotu Ram
* Faridabad Combined Cycle
* Faridabad
* Indira Gandhi Super
* Mahatma Gandhi Super
* Panipat I
* Panipat II
* Rajiv Gandhi

Himachal Pradesh|

* Bhakhra
* Pong
* Kol
* Chamera
* Nathpa Jhakri
* Kol
* Kishau
* Pandoh

Jammu and Kashmir|

* Baglihar
* Dul Hasti
* Kishanganga
* Nimoo Bazgo
* Ratle
* Salal
* Uri

Ladakh|

* Chutak
* Dumkhar

Punjab|

| Thermal|

* Goindwal Sahib
* Guru Gobind Singh Super
* Guru Hargobind
* Guru Nanak Dev
* Rajpura
* Shanan
* Talwandi Sabo

|

Hydro|

* Ranjit Sagar
* Shahpurkandi

Rajasthan|

| Thermal|

* Barsingsar
* Chhabra
* Dholpur Combined Cycle
* Giral Lignite
* Kalisindh
* Kawai
* Kota Super
* VS Lignite
* Suratgarh Super
* Ramgarh Gas
* NTPC Anta

|

Nuclear|

* Rajasthan

Hydro|

* Jawahar Sagar
* Mahi Bajaj Sagar
* Rana Pratap Sagar

South|

| Andhra Pradesh|

* Dr Narla Tata Rao
* Gautami
* Jegurupadu
* Simhadri Super
* Rayalaseema
* Sri Damodaram Sanjeevaiah
* Vizag

|

Karnataka|

| Thermal|

* Bellary
* Kudgi Super
* Udupi Power Plant
* Raichur
* Yermarus

|

Nuclear|

* Kaiga

Kerala|

* Chembukadavu
* Idukki
* Idamalayar
* Rajiv Gandhi

Tamil Nadu|

| Thermal|

* Ennore
* Mettur
* Neyveli
* Neyveli Zero Lignite
* North Chennai
* Tuticorin
* NTPL
* Vallur
* Cuddalore IL&FS
* GMR Vasavi Diesel
* Basin Bridge Gas
* Thirumakottai
* Kuttalam
* Thirumakottai Gas
* Kuttalam Gas
* Valuthur Gas
* Pillaiperumalnallur
* Karuppur
* Valantharavai
* Samalpatti Diesel
* Narimanam Gas
* Sarkarpathy
* Ennore SEZ Super
* Uppur
* Udangudi

|

Nuclear|

* Kudankulam
* Madras

Hydro|

* Maravakandy
* Kateri
* Bhavani Kattalai
* Lower Mettur Barrage
* Mettur
* Moyar
* Perunchani
* Papanasam
* Vaigai
* Servalar
* Aliyar
* Kadambari
* Kodayar
* Kundah Power House
* Parsons Valley
* Periyar
* Solaiyar
* Suruliyar
* Pykara

Solar|

* Kamuthi

Wind|

* Muppandal

Telangana|

* Bhadradri
* Hussain Sagar
* Kakatiya
* Kothagudem
* NTPC Ramagundam
* Ramagundam B
* Singareni
* Telangana Super
* Yadadri

West|

| Gujarat|

| Thermal|

* Akrimota
* Dhuvaran Gas
* Dhuvaran
* Essar Bhander
* Essar Hazira
* Essar Salaya
* Essar Vadinar
* Gandhinagar
* Kutch
* Mundra
* Mundra UMPP
* Paguthan
* Sabarmati
* Sikka
* Surat
* Ukai
* Utran Gas
* Wanakbori
* NTPC Jhanor
* NTPC Kawas
* GSEG, Hazira
* GIPCL Gas

|

Nuclear|

* Kakrapar Atomic

Hydro|

* Kadana
* Ukai

Maharashtra|

| Thermal|

* Bhusawal
* Butibori Power Project
* Chandrapur Super
* Dabhol
* Dahanu
* Dhariwal
* RattanIndia Amravati
* RattanIndia Nashik
* JSW Ratnagiri
* Khaparkheda
* Koradi
* Mauda Super
* Nashik
* Paras
* Parli
* Solapur Super
* Tiroda
* Trombay
* Uran Gas
* Wardha Warora

|

Nuclear|

* Jaitapur
* Tarapur

Hydro|

* Ghatghar Pumped Storage
* Koyna

Related|

* Electricity sector in India
* States of India by installed power capacity
* Indian states ranking by households having electricity

Proposed energy infrastructure

Energy organizations

| Central India|

| Chhattisgarh|

* NTPC
* Chhattisgarh State Power Generation Company
* PowerGrid Corporation of India
* Power System Operation Corporation

|

Madhya Pradesh|

* National Thermal Power Corporation
* NHPC
* Madhya Pradesh Power Generation Company Limited
* Power Grid Corporation of India
* Power System Operation Corporation

Uttar Pradesh|

* National Thermal Power Corporation
* Uttar Pradesh Rajya Vidyut Utpadan Nigam
* Nuclear Power Corporation of India
* PowerGrid Corporation of India
* Power System Operation Corporation

Eastern India|

| Bihar|

* Bihar State Power Holding Company Limited
* South Bihar Power Distribution Company Limited
* North Bihar Power Distribution Company Limited
* NTPC Limited
* Bhartiya Rail Bijlee Company Limited

|

Jharkhand|

* Damodar Valley Corporation
* Jharkhand State Electricity Board
* PowerGrid Corporation of India
* Power System Operation Corporation

Odisha|

* Central Electricity Supply Utility of Odisha
* NTPC Limited
* PowerGrid Corporation of India
* Power System Operation Corporation
* Odisha Hydro Power Corporation
* Odisha Power Generation Corporation
* Odisha Electricity Regulatory Commission
* Sterlite Energy
* Vedanta Resources
* Western Electricity Supply Company of Odisha
* Grid Corporation of Odisha
* North Eastern Electricity Supply Company of Odisha

West Bengal|

| Current|

* CESC Limited
* Damodar Valley Corporation
* NTPC Limited
* West Bengal Power Development Corporation
* West Bengal State Electricity Distribution Company
* West Bengal State Electricity Transmission Company
* PowerGrid Corporation of India
* Power System Operation Corporation

|

Former|

* West Bengal State Electricity Board

Northeastern India|

* NHPC Limited
* Assam Power Distribution Company Limited
* Assam State Electricity Board
* PowerGrid Corporation of India
* Power System Operation Corporation
* North Eastern Electric Power Corporation Limited

Northern India|

| Delhi|

* Indraprastha Power Generation
* NTPC Limited
* Delhi Vidyut Board
* Delhi Transco
* PowerGrid Corporation of India
* Power System Operation Corporation

|

Haryana|

* Haryana Power Generation Corporation
* National Thermal Power Corporation
* Uttar Haryana Bijli Vitran Nigam
* PowerGrid Corporation of India
* Power System Operation Corporation

Himachal Pradesh|

* Himachal Pradesh State Electricity Board

Jammu and Kashmir|

* NHPC Limited

Ladakh|

* NHPC Limited

Punjab|

* Punjab State Power Corporation
* PowerGrid Corporation of India
* Power System Operation Corporation

Rajasthan|

* Rajasthan Rajya Vidyut Utpadan Nigam
* Neyveli Lignite Corporation
* Nuclear Power Corporation of India
* National Thermal Power Corporation
* PowerGrid Corporation of India
* Power System Operation Corporation

Southern India|

| Andhra Pradesh|

* Andhra Pradesh Power Generation Corporation
* Transmission Corporation of Andhra Pradesh
* National Thermal Power Corporation
* Power Grid Corporation of India
* Power System Operation Corporation

|

Karnataka|

* Karnataka Power Corporation
* Karnataka Power Transmission Corporation
* Mangalore Electricity Supply Company
* Chamundeshwari Electricity Supply Corporation
* Nuclear Power Corporation of India
* PowerGrid Corporation of India
* Power System Operation Corporation

Kerala|

* Kerala State Electricity Board

Tamil Nadu|

* Tamil Nadu Electricity Board (TNEB)
* Tamil Nadu Energy Development Agency (TN EDA)
* Tamil Nadu Transmission Corporation (TN TransCorp)
* Tamil Nadu Generation and Distribution Corporation (TANGEDCO)
* Neyveli Lignite Corporation (NLC)
* Nuclear Power Corporation of India (NPCI)
* PowerGrid Corporation of India (Power Grid)
* Power System Operation Corporation

Telangana|

* Telangana State Electricity Regulatory Commission
* Telangana Power Generation Corporation
* Transmission Corporation of Telangana
* Telangana State Southern Power Distribution Company Limited
* Telangana State Northern Power Distribution Company Limited
* National Thermal Power Corporation
* PowerGrid Corporation of India
* Power System Operation Corporation

Western India|

| Gujarat|

* Gujarat Urja Vikas Nigam
* Gujarat State Electricity Corporation
* Gujarat Energy Transmission Corporation
* Dakshin Gujarat Vij Company
* Madhya Gujarat Vij
* Paschim Gujarat Vij
* Uttar Gujarat Vij
* Nuclear Power Corporation of India
* National Thermal Power Corporation
* PowerGrid Corporation of India
* Power System Operation Corporation
* Gujarat Industrial Power Corporation
* Torrent Power

|

Maharashtra|

* Brihanmumbai Electric Supply and Transport
* Maharashtra Electricity Regulatory Commission
* Maharashtra State Electricity Board
* Maharashtra State Power Generation Company
* Maharashtra State Electricity Distribution Company Limited
* Maharashtra State Electricity Transmission Company
* Nuclear Power Corporation of India
* PowerGrid Corporation of India
* Power System Operation Corporation
* Ratnagiri Gas and Power
* Tata Power

Natural resources

| Oil & Gas fields|

* Aishwarya Oil Fields
* Ashoknagar Oil Field
* Krishna Godavari Basin
* Mangala Area
* Mumbai High Field
* Panna-Mukta oilfield
* Ravva oil field

|

Coal fields|

* Birbhum
* Chirimiri
* Daltonganj
* East Bokaro
* Giridih
* Godavari Valley
* Ib Valley
* Jharia
* Jhilimili
* Kamptee
* Korba
* Mand Raigarh
* North Karanpura
* Pench Kanhan
* Rajmahal
* Raniganj
* Ramgarh
* Singrauli
* South Karanpura
* Sohagpur
* Talcher
* Umaria
* Wardha Valley
* West Bokaro

Coalbed methane|

* Kaveri delta
* Assam
* Barmer Sanchor
* Birbhum
* Bokaro
* Bokaro
* Godavari
* IB VALLEY
* Jharia
* Jharia
* Kothagudem
* Mand Raigarh
* Mannargudi
* North Karanpura
* Rajmahal
* Raniganj
* Raniganj South
* Raniganj East
* Raniganj North
* Satpura
* Singrauli
* Sohagpur
* Sohagpur (West)
* Sonhat
* South Karanpura
* Talcher
* Tatapani Ramkola
* Wardha

Uraium Reserves|

* Jaduguda uranium mine
* Tummalapalle uranium mine

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