Haldia Riverside Estate Limited is a wholly owned (100%) subsidiary of HPL and manages the township for HPL employees in Haldia. The dwelling units are also let out to third parties. The Township is situated 13 KM away from plant site. The housing colony is spread over an area of 222 acres approximately. There are 523 houses in the complex spread over an area of 72.45 acres along with a lake covering 46 acres. The township is equipped with shopping complex, clubhouse, parks, playgrounds and other modern amenities.
HPL Global Pte Ltd is a wholly owned (100%) subsidiary of HPL, incorporated in Singapore. The main activities of HPL Global is trading operations, comprising import & export of polymers, chemicals, oil and other petrochemical products mainly for its Holding Company i.e. Haldia Petrochemicals Ltd. and MCPI Pvt Ltd, which is a TCG Group entity engaged in manufacture of PTA in Haldia. Initial capital contribution of USD 60 mn dollar has been made from HPL (its holding company).
HPL Go Private Limited is a wholly owned (100%) subsidiary of HPL. HPL’s plans for profitability improvement include shifting gradually from bulk sale of Motor Spirit (MS) to PSUs to opening Petroleum Retail outlets for MS and High Speed Diesel (HSD). HPL Go Private Limited has been incorporated with the objective of carrying out MS& HSD retail activities. HPL Go aims to launch MS Retail outlets at both Company & dealer owned properties at various locations in West Bengal. The requisite statutory approvals from GoI with respect to retailing of MS are already in place. It is also involved in the business of converting Py Gas through third party intermediary and then direct selling of finished products like Toulene, Mixed Xylene, C 9 etc.
Advanced Performance Materials Private Limited (AdPerma) is a wholly owned (100%) subsidiary of HPL. It has been formed to explore opportunities for naphtha cracker downstream projects which may require partnership with major producers and licensors to access technology which is not available on an exclusive licensing basis. All new value addition projects of HPL are contemplated to be under AdPerma.
OTOC India Private Limited (OTOC India) is a wholly owned (100%) subsidiary of HPL. OTOC India has been formed for carrying out manufacturing and selling of petroleum petrochemical and petroleum products. Primary petrochemical products being Poly Ethylene (PE), Poly Propylene (PP), Mono-Ethylene Glycol (MEG), Paraxylene (PX), Benzene, Butadiene, Pyrolysis Gasoline, Pyrolysis Fuel Oil etc., and petroleum products being Gasoline, Deisel, ATF, LPG etc. OTOC India will engage in activities like Project development, Project execution, Marketing and Logistics facility set-up, procurement of goods and services and selling of products.
HPL Technologies BV is a wholly owned subsidiary of HPL which has been formed for purpose of acquisition of Lummus Technology Division (operated through various corporate entities) of McDermott International Inc. HPL Technologies BV along with private equity Rhone Capital formed a Joint Venture to acquire the technology division of MDR for an enterprise value of ~$2.67 Bn on 30th June 2020. MDR hived off its technology business (Target) into a separate SPV which was put up for sale under Chapter XI as per the US Bankruptcy Laws.
Lummus Technology is a leading global licensor of proprietary petrochemicals, refining, gasification and gas processing technologies, and a supplier of proprietary catalysts and related engineering. These technologies are critical in the gasification of coal into syngas, the refining of crude oil into gasoline, diesel, jet fuel and lubricants, and the processing of natural gas into various chemicals and polymers. Lummus has ~130 licensed technologies and more than 3400 patents, patent applications and trademarks. The investment by HPL is strategic and long term in nature and is expected to play a role in HPL’s future expansion plans to set up a crude to chemical manufacturing facility.