HMEL crosses record 2 million tonnes polymer sales mark during FY25

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HMEL crosses record 2 million tonnes polymer sales mark during FY25 - Business Standard

Quick Summary:

HPCL-Mittal Energy Ltd (HMEL), India's major oil refining and petrochemical company, achieved a record 2 million tonnes of polymer sales in the fiscal ended March 2025, surpassing expectations and reinforcing its position as an industry trailblazer.

"This accomplishment is the result of HMEL's unwavering commitment to understanding customer needs and providing tailored solutions for niche applications across various polymer segments," the firm said in a statement.

HMEL has undertaken a massive USD 3 billion expansion of petrochemical capacity, increasing its polypropylene capacity to 1 million tonnes a year, and adding a polyethylene capacity of 1.2 million tonnes per annum, catering to the major application segments.2024-25 was the first full year of operations of the new plant featuring pioneering technologies from world-class licensors.