Page 140 - CW E-Magazine (4-2-2025)

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INVESTMENT PLAN

Sun Petrochemicals inks MoU with Telangana govt.

for setting up Rs. 45,500-cr pumped storage projects

Sun Petrochemicals, the oil & gas
fi rm promoted by Sun Pharma founder
Mr. Dilip Shangvi, has signed a MoU
with the Telangana government for
setting up large-scale pumped storage
hydro power projects in the state with
an investment of Rs. 45,000-crore. The
MoU was signed by Mr. Vidyasagar
Tulluri, the authorised signatory for
SunPetro, alongside senior offi cials
from the Telangana government, on
22nd January 2025 at Davos, Switzer-
land, on the sidelines of the World
Economic Forum (WEF). grated solar power plants with capacity force of an investment destination since
of 5,440-MW. the last 12 months, under the leadership
The projects, “one of the single- of Chief Minister Revanth Reddy. We
largest investment deals ever”, will The collaboration aims to harness are sure this landmark agreement will
come up in Nagarkurnool, Mancherial, renewable energy resources effi ciently, have a huge impact on not only the state
and Mulugu districts of Telangana and addressing energy demands while but the entire country given the signi-
are expected to create 7,000 jobs over a supporting the state’s green energy fi cance of green energy to our economy
period, a release from the state govern- transition, the State Chief Minister and society.”
ment said. Mr. Revanth Reddy said.
SunPetro currently operates nine oil &
Sun Petro said the projects would Mr. Shanghvi, Managing Director gas fi elds/blocks, spread over in the
have a combined capacity of 3,400-MW of Sun Pharma, and Sun Petro, said, Cambay and Kutch basin, in Gujarat for
and will be complemented by inte- “Telangana is becoming an irresistible exploration, development and production.
Pondy Oxides and Chemicals to commission phase 1

of lead smelter unit near Chennai in March

Pondy Oxides and Chemicals Ltd.
(POCL), a leading lead, lead alloys
and plastic additives producer, has in-
formed that it is on track to complete
the fi rst phase of capacity expansion at
its new facility near Chennai by March
this year.

The new lead smelter plant, located
in Thervoykandigai near Chennai,
would be the fi rst of its kind in production by 36,000-mtpa, is cur- 2025, according to a stock exchange
India. The fully automated facility will rently underway. The plant’s erection fi ling. Once phase 1 is complete, the
have a total capacity of 72,000 tonnes and commissioning are in the fi nal total lead production capacity will
per annum (mtpa). The fi rst phase of stages, and trial production is expected increase from 132,000-mtpa annum
expansion, which will increase lead to begin in the fi rst week of March to 204,000-mtpa.

140 Chemical Weekly February 4, 2025

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