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Haldia Petrochemicals (HPL) is planning to establish a polycarbonate plant in Bengal, with an estimated investment exceeding USD 1 billion (Rs 8,700 crore). The proposed project will utilize available land at HPL’s existing Haldia site, strengthening the company’s diversification into the chemical downstream sector.
Polycarbonate, a high-performance thermoplastic, is widely used in the automotive and packaging industries due to its heat, impact, and chemical resistance. Currently, India relies on imports for this material, presenting an opportunity for domestic production.
By mid-2026, HPL’s upcoming phenol plant—set to be India’s largest—will provide key raw materials like phenol and acetone, reducing import dependence and logistics costs. However, since polycarbonate technology is closely guarded globally, HPL may seek strategic partnerships with leading international producers to execute the project.
Additionally, Bengal’s well-established plywood industry is expected to be a major consumer of phenol from HPL’s new plant.
News by Rahul Yelligetti.
