Haldia Petrochemicals Ltd is operating in full capacity since February 2015 and seeking greater flexibility in letter of credit from banks for higher export.
"We are operating in full capacity with 100 per cent capacity utilisation since February 2015. We are earning an EBITA of about Rs 200 crore per month," HPL chief financial officer Ashutosh Bose he told PTI.
"With decline in crude price, finished goods price was also softening. But despite that margins remain stable," he said.
Speaking about assistance the company was looking for, Bose said more than financial assistance banks are required to offer flexibility in letters of credit.
"We want more letters of credit from banks. Though we are able to secure but we need more," he said.
HPL had been slapped with a fine of Rs 1250 crore (without penalties) by DGFT for failing to meet export obligations.
"We had pleaded to get four years extention to meet the obligations," a HPL official said.
HPL on an average was exporting worth Rs 100 crore per month.
