Haldia Petrochemicals Plant Shutdown Due to Snag

The manufacturing plant of Haldia Petrochemicals Ltd was shut down after the naphtha cracker unit developed a technical snag yesterday.

"The charge gas compressor of the naphtha cracker plant developed a snag and so the entire complex was shut down to attend to the problem," HPL managing director U K Bose told PTI.

The naphtha cracker unit is the mother unit of the complex, he said.

"We are now assessing the situation and working out on how much time will be required to repair the snag."

He said the Haldia plant was running at 50 per cent capacity for long due to working capital crunch.

"Funds are coming now but then the problem of working capital crisis is continuing," he said.

Mr Bose said the shutdown was causing severe losses to the company.