Haldia Petrochemicals Ltd (HPL) is running its plant at 95 per cent of the capacity and witnessing good margin due to low naphtha price and better realisation from product sales, a company source said on Wednesday.
Though cyclone Amphan caused severe damage in some parts of West Bengal including Haldia, the port town in East Midnapore district, the petrochemicals major managed to continue its operations, he said.
“We are witnessing better margin at the moment due to low naphtha price,” the company source told PTI.
Before the COVID-19 outbreak, the company had bought the main raw material, naphtha, at a price which was higher than the present prevailing rate.
“Now, we are making money due to lower raw material price and better realisation from product sales,” he said without divulging the details of the price trend of the input.
