Hpl Electric

TCG plans $10 billion oil-to-chemicals project in Tamil Nadu

TCG's investment plans comes amid strong growth for chemicals in India to drive a 7% growth, but also at a time of oversupply in the global petrochemicals business

Updated On : 01 Apr 2024 | 12:25 AM IST

Stock of this consumer electronics firm has zoomed over 200% in 10 months

The stock of HPL Electric & Power hit a new high of Rs 273.55, and was trading higher for the fourth straight day on Monday

Updated On : 01 Jan 2024 | 1:59 PM IST

HPL Electric and Power bags smart meter orders worth Rs 545 crore

In August, HPL Electric and Power won an order worth Rs 417 crore from West Bengal State Electricity Distribution Company

Updated On : 13 Dec 2023 | 1:15 PM IST

HPL to invest Rs 3,000 cr to set up new chemical plants in West Bengal

Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to set up new plants in West Bengal, a company spokesperson said on Thursday. It will build the first on-purpose propylene plant and a phenol unit at its existing manufacturing facility at Haldia, and both the projects are expected to be completed by the first quarter of 2026, he said. The phenol plant will have a production capacity of 300 kilo tonnes per annum of phenol and 185 KTPA of acetone, he said. "With the commissioning of these plants, the overall chemical business portfolio is expected to increase by an additional Rs 5,000 crore," Narayan said. The propylene plant will be based on olefin conversion technology (OCT). According to the spokesperson, the company earned a revenue of Rs 999 crore from speciality chemicals during the last 2022-23 fiscal. HPL said the proposed investment will likely be the largest in West Bengal in the chemical sector in the last two decades. Narayan said the two projects will generat