Mitsubishi plans Rs 1,665cr PTA plant in Haldia

MCC PTA India, a subsidiary of Japan's Mitsusibhi Corporation, is planning to set up its second purified terepthalic acid (PTA) plant in Haldia with an investment of Rs 1,665 crore.

Buddhadev Bhattacharjee, chief minister of West Bengal, said today that he has received a letter mentioning that the board of Mitsubishi Corporation has approved the project.

Speaking at the AGM of Bengal Chamber of Commerce and Industry here, Bhattacharjee said the second plant would be set up with a capacity of eight lakh tonne per annum.

The first plant was set up with an investment of Rs 1,475 crore, and has a capacity of 4.7 lakh tonne.

"Mitsubishi chairman would be arriving in February to meet me and hold further discussions in this regard," Bhattacharjee added.