Millennium Post

Haldia Petro gears up for re-start after seven months

Haldia Petro gears up for re-start after seven months
After a prolonged closure, the Haldia Petrochemicals Limited (HPL) plant is in the process of re-starting operations with trial run to begin in the near future. "The captive power plant has been commissioned as a pre-start up activity. The main plant start-up should happen anytime now", a source in HPL said.

He said stabilisation of the power plant would take some days, after which steps would be initiated for operating the mother plant, closed since July 2014. HPL is a modern naphtha based Petrochemical Complex located about 125 kms from here at Haldia.

With the West Bengal government deciding to partially offload its stake in favour of TCG of Purnendu Chatterjee, sources said that everything was now getting tied, particularly, the funds needed for running the plant both from the promoter (TCG) and lenders.

Earlier, the West Bengal government had provided Rs 100 crore as margin money as demanded by the lenders, while the other promoter, TCG, was yet to furnish that amount.

"Now, TCG has agreed to come up with the margin money while the lenders have also committed funds for running the plant", the source said. Asked when the main plant could re-start operations, the source said that initially trial run would start to ensure purity of the products that would be sold in the market. "Since the plant was under a prolonged closure, it is important to check the quality of products that would be produced", the source said.

"Once we find that the products coming out of the plant are marketable, then the proper re-start will happen", he said.

KoPT to get `14.77/ tonne royalty for Haldia dock

Kolkata Port Trust (KoPT) is set to earn a royalty of Rs 14.77 per tonne of cargo handled at Haldia Dock, after the Centre asked the port to appoint cargo handlers through a bidding process.

"The bids have been opened and we hope in the next three months the new royalty based cargo-handling system will be implemented," KoPT sources said.

The highest royalty had been quoted at Rs 14.77 per tonne by Ripley & Co against floor rate of Rs 13.
PTI

PTI

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