TCG in talks with global firms for Odisha and Tamil Nadu mega projects

Total investments in these projects pegged at Rs 1.28 trillion; group to maintain status quo on Haldia

The Chatterjee Group (TCG) is in talks with global energy firms to enlist them as equity partners for its upcoming petrochemicals project in Odisha, and is also on the lookout for partners and strategic investors for its project in Tamil Nadu.

TCG, which is looking at a 2:1 debt-equity ratio to fund these projects, is also planning to approach investors and banks to raise capital in the next six months, a person aware of the development told Business Standard.

TCG, owned by Purnendu Chatterjee, is planning to invest around Rs 78,000 crore in Odisha and Rs 50,000 in Tamil Nadu.