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HPL starts commercial production

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Press Trust of India Kolkata
The Haldia Petrochemicals Limited, which remained closed for more than seven months, started commercial production this evening.

"Today the commercial production has started after seven months. It took humongous efforts on the part of the Haldia team to restart the factory," a source in TCG, one of the promoters of HPL, told PTI.

The source said that the restart was made possible with the assistance of lenders, which was required.

Earlier, the Haldia plant management had restarted the captive power plant followed by commencement of trial production at the mother plant.

The source said that products manufactured at the plant have already been shipped from the factory for sale in the market.
 

Earlier the source had said that the plant would never run at sub-optimal capacity as it used to do in the past.

TCG is poised to gain the majority control in HPL by buying out West Bengal Government's share in the company.

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First Published: Feb 04 2015 | 9:15 PM IST

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