# Haldia Petrochemicals to invest Rs 3,000 crore in new plants in West Bengal

Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to build an on-purpose propylene plant and a phenol unit at its existing facility in Haldia, West Bengal. The phenol plant will have a capacity of 300 KTPA of phenol and 185 KTPA of acetone, and both projects are expected to be completed by Q1 2026.

- Type: Investment
- Announced: 2023-10-13
- Where: Haldia, West Bengal, India
- Value: $360.0M (30.0B INR)
- Starts operating: Q2 2026
- Status: announced
- Capacity: 300 KTPA phenol, 185 KTPA acetone
- Products: propylene, phenol, acetone
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Haldia Petrochemicals](https://endata.com/companies/48571.md)

## Sources

- [dtnext.in](https://www.dtnext.in/news/business/hpl-to-pump-rs-3000-cr-in-new-bengal-plants-741644), 2023-10-13: "Haldia Petrochemicals Ltd (HPL) will invest Rs 3,000 crore to set up new plants in West Bengal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.