HPCL-Gail set up petrochemical complex in Andhra Pradesh, India

HPCL-Gail to set up a petrochemical complex in Andhra Pradesh, India

7:03 AM, 16th January 2016
HPCL-Gail to set up a petrochemical complex in Andhra Pradesh, India
Ananth Kumar, minister for chemicals and fertilisers, government of India. (File photo)

VISAKHAPATNAM, INDIA: A Greenfield petrochemical complex will be set up jointly by Hindustan Petroleum Corp Ltd (HPCL) &Gail India Ltd (Gail) in Andhra Pradesh, giving a fillip to the plastic processing industry in the state, according to Ananth Kumar, minister for chemicals and fertilisers, government of India.

“On behalf of the centre, I am making in-principle announcement that HPCL and Gail together would establish a greenfield petrochemical complex in Andhra Pradesh, India. This will also bring huge downstream investment opportunities to the state apart from refinery and cracker units,” said Ananth Kumar during the closing ceremony of the three-day CII Partnership Summit in Visakhapatnam.

The project is in addition to the ongoing brownfield expansion of HPCL refinery at Visakhapatnam and would be set up at a different location in the state, the minister said.

Establishment of a new petrochemical complex is estimated to require additional investment of more than Rs 25,000 cr. Last year, the AP government had requested the centre to establish a greenfield petrochemical complex near Machilipatnam in Krishna district.

In addition to the petrochemical complex, Ananth Kumar also announced several projects, including a manufacturing cluster for medical devices and National Institute of Pharmaceutical Education and Research (Niper) in Andhra Pradesh.

The AP medical devices manufacturing park, which is expected to attract Rs 20,000 cr, will be second such facility in the country after Gujarat. While Niper will be set up in Visakhapatnam with an investment of Rs 600 cr, the Central Institute of Plastics Engineering & Technology (Cipet) centre at Vijayawada will be upgraded.

© Business Standard News

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