TCG bets Rs 10,000 crore on Bengal chemical hub with new downstream units in Haldia
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Chatterjee Group plans to invest ₹10,000 crore in new chemical units at Haldia.
- ✓Purnendu Chatterjee said, "We can do polycarbonate - no plant in India." These downstream units will help local manufacturing grow.
- ✓The group also explores setting up data centres and a long-term capital fund for Bengal's future.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Telegraph
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Purnendu Chatterjee says polycarbonate and other chemical plants could deepen local manufacturing, while TCG explores data centres and a long-term capital fund for Bengal
The Chatterjee Group (TCG), led by Purnendu Chatterjee, has signalled fresh investments of ₹10,000 crore in downstream chemical units at Haldia as it plans to develop a speciality chemicals business in Bengal.
The chemical value chain will be anchored by TCG flagship Haldia Petrochemicals Ltd (HPL) and its subsidiary Adperma.
In his address, Chatterjee said TCG would like to build on its existing operations. Later, he elaborated on plans to develop a speciality chemicals business using products from HPL and Adperma, a segment that is practically non-existent in India.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Telegraph
Read the full, original unfiltered story directly on the publisher's portal.