HPL signs 10-years naphtha supply agreement with QatarEnergy
The contract stipulates that QatarEnergy will provide up to two million tons of naphtha to HPL for 10 years through its Singapore-based subsidiary, HPL Global Pte Limited, commencing from the second quarter of 2024.
![HPL signs 10-years naphtha supply agreement with QatarEnergy](https://cdn.zeebiz.com/sites/default/files/2024/06/13/299350-petrol.jpg?im=FitAndFill=(1200,900))
City-based Petrochemical major Haldia Petrochemicals Limited (HPL) has entered into a strategic agreement with QatarEnergy, ensuring a steady supply of naphtha for the coming decade, an official said on Thursday.
The contract stipulates that QatarEnergy will provide up to two million tons of naphtha to HPL for 10 years through its Singapore-based subsidiary, HPL Global Pte Limited, commencing from the second quarter of 2024.
This long-term agreement, signed by HPL Global Pte Ltd and QatarEnergy on behalf of Qatar Petroleum for the Sale of Petroleum Products Company Ltd.
(QPSPP), marks the most substantial commitment between the two entities to date, a company statement said without divulging the value of the deal.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy, expressing satisfaction over the deal said, "It reinforces Qatar's dedication to contributing to India's economic expansion."
He also highlighted Qatar's role as a dependable energy provider to India, noting the joint efforts with strategic petrochemical end-users like HPL to satisfy the region's growing energy needs.
Purnendu Chatterjee, HPL chairman, said the agreement bolsters the longstanding partnership with QatarEnergy.
He emphasized that the agreement aligns with HPL's ongoing endeavors in business development and strategic investment, aimed at meeting global customer demands while maintaining product quality.
HPL stands as one of India's largest petrochemical companies, boasting an annual ethylene production capacity of 700,000 tons.
The company has adopted process technologies from premier licensors to manufacture top-tier products, keeping safety and environmental sustainability at the forefront.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/trending/news-bengaluru-traffic-woes-city-congestion-worsens-as-hsr-layout-flyover-shuts-for-metro-work-netizens-irked-bengaluru-traffic-update-346582](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/12/352509-image-fotor-20250212141632-1.png?itok=eTuNO4X3)
'Bengaluru, absolute traffic hell...: City's congestion worsens as HSR Layout flyover shuts for metro work, netizens irked
![https://www.zeebiz.com/personal-finance/photo-gallery-gratuity-calculation-what-will-be-your-gratuity-on-rs-40000-last-drawn-basic-salary-and-5-years-2-months-of-service-know-eligibility-formula-step-by-step-guide-346680](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/12/352619-gratuity.jpg?itok=a3CD9W7U)
Gratuity Calculation: What will be your gratuity on Rs 40,000 last-drawn basic salary and 5.2 years of service?
![https://www.zeebiz.com/personal-finance/photo-gallery-8th-pay-commission-basic-monthly-salary-pension-slab-calculator-can-basic-pension-cross-inr-rs-300000-barrier-in-new-pay-scale-see-calculations-to-know-projected-fitment-factor-index-7th-pm-modi-old-346525](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/12/352430-note-coin-pixabay-take.jpg?itok=yDmxceKf)
8th Pay Commission: Can basic pension cross Rs 3 lakh mark in new pay commission? See calculations to know its possibility?
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-444-day-fd-vs-central-bank-of-india-444-day-fixed-deposit-which-can-provide-higher-maturity-on-rs-500000-700000-1000000-deposits-compare-interest-rates-for-maximise-returns-with-special-fd-346476](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/12/352408-special-fd.jpg?itok=myx6xfFk)
SBI 444-day FD vs Central Bank of India 444-day FD: Which can provide higher maturity on Rs 5,00,000, Rs 7,00,000 & Rs 10,00,000 deposits?
![https://www.zeebiz.com/personal-finance/photo-gallery-ups-vs-nps-vs-ops-calculator-last-drawn-basic-salary-pay-inr-rs-100000-30-years-of-service-what-will-monthly-pension-for-central-government-employees-unified-national-old-system-india-official-portal-346336](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352270-top-7-sip-mutual-funds-4.jpg?itok=F6h37i4L)
UPS vs NPS vs OPS: Last drawn basic pay Rs 100,000; pensionable service of 30 years; what can be your monthly pension in each?
![https://www.zeebiz.com/personal-finance/photo-gallery-dearness-relief-dr-pension-central-government-employee-calculator-calculations-is-your-basic-pension-rs-25000-35000-40000-50000-know-total-amount-AICPI-consumer-index-DA-benchmark-346424](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/12/352375-untitled-design.jpg?itok=1_intAoD)
Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 35,000, or Rs 50,000? Know what can be your total pension as per latest DR rates
07:17 PM IST