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![]() HPL plant at Haldia | |
Company type | Private |
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Industry | Petrochemical |
Founded | 1984Kolkata, West Bengal, India | at
Headquarters | Kolkata, West Bengal, India [1] |
Area served | Worldwide |
Key people | Purnendu Chatterjee |
Products | Polymers Chemicals |
Revenue | ![]() |
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Parent | The Chatterjee Group |
Website | Official Website |
Haldia Petrochemicals Ltd., often referred to as HPL, is one of the largest petrochemical companies in India. HPL which began commercial production in 1984, has its headquarters located in Kolkata, West Bengal, India. It has a large petrochemical plant based out of Haldia in Eastern India. The company as of 2018 held the position of being the fourth largest player in the domestic petrochemical market and enjoyed a dominant position in Eastern India. [1]
HPL reported a total income of Rs.10,165 crores during the financial year ended March 31, 2017 as compared to Rs.10,115 crores during the financial year ended March 31, 2016. The company has posted net profit of Rs.2,317 crores for the financial year ended March 31, 2017 as against net profit of Rs.1,579 crores for the financial year ended March 31, 2016. [1]
The company derives 77% of its revenue from polymers such as high density polyethylene (HDPE), linear low density polyethylene (LLDPE), polypropylene and 23% of its sales from chemicals such as benzene, butadiene and motor spirit. Exports account for nearly 20% of the revenues and the share is expected to increase in medium-term. HPL has strong clientele for its products both in the domestic and overseas markets. The marketing of products is carried out by Del Credere Agents which operate on cash and carry model. Naphtha is mainly procured from major international and domestic players such as Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd, Kuwait Petroleum Corporation, Shell and many more on both spot and term basis. [1]
Engineers India Limited (EIL) is an Indian public sector engineering consultancy and technology licensing company. It was set up in 1965 with the mandate of providing indigenous technology solutions across hydrocarbon projects. Over the years, it has also diversified into synergic sectors like non-ferrous metallurgy, infrastructure, water and wastewater management and fertilizers.
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