Page 134 - CW E-Magazine (16-1-2024)

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an investment of Rs. 600-crore over the
next four years, and with an employment
of around 250.

“This strategic collaboration under-
scores our commitment to growth, inno-
vation, and contributing to the econo-
mic development of the region. Gujarat
has always been a beacon of progress
and a business-friendly destination, and
we are confi dent that our investment
will not only enhance our operational
capabilities, but also create signifi cant
employment opportunities and foster
economic prosperity,” Mr. Vishal Sharma,
CEO, GIL (Chemicals), said.

“Godrej Industries is one of the early
investors in Gujarat, and we appre-
ciate the conducive industrial policies,
single window clearances, and highly
in the Bharuch by 2028. The company Godrej Industries to expand Valia skilled workforce in the State, which
currently has signifi cant chlor-alkali facility makes it ideal for us to make signifi cant
facilities in Bharuch, and aims at GIL has announced that it will additional investments,” said Mr. Rakesh
increasing their existing capacities expand its existing manufacturing Swami, Group President, Corporate
while adding new products. facility at Valia (Bharuch District) with Affairs, GIL.
HPL breaks ground for phenol/acetone project

in Haldia

Haldia Petrochemicals Ltd. (HPL)
carried out the ground-breaking cere-
mony for India’s largest phenol/ace-
tone plant in West Bengal’s Haldia on
January 3.

The Rs. 3,000-crore project is
expected to be completed by the fi rst
quarter of 2026.

The ceremony marking the begin-
ning of piling work was attended by
senior offi cials of the company.

HPL will also be setting up
India’s fi rst on-purpose propylene
plant based on Olefi n Conversion
Technology (OCT) from Lummus in the phenolics value chain. The and when completed and fully ope-
Technology, enabling the company to plant will have a capacity of 300-ktpa rational will contribute an additional
become India’s fi rst integrated player of phenol and 185-ktpa of acetone, Rs. 5,000-crore to revenues.

134 Chemical Weekly January 16, 2024

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