Haldia Petrochemicals to invest in Bengal polycarbonate production

Haldia Petrochemicals plans to invest over Rs 8,500 crore in polycarbonate production in Bengal. This will create an import substitute for a compound currently not produced in India, primarily used in the growing automotive industry. The company aims to partner with a technology provider for the project, as few companies possess the necessary expertise. HPL's CEO noted that the demand for polycarbonate in India allows for at least two major producers. Additionally, HPL's phenol production project is set to be completed by mid-2027, with an increased investment of Rs 5,000 crore. This project is integrated with an Olefin Conversion Unit to ensure a steady supply of feedstock.