Kolkata: Haldia Petrochemicals Ltd (HPL) on 15 May reported a 95% surge in net profit to Rs584 crore during 2006-07 from Rs300 crore in the previous year.
Total income of the company grew 21% at Rs8,376 crore in 2006-07 as against Rs6,928 crore in 2005-06, a company release said.
Operating profit increased 25% to Rs1,421 crore as compared to Rs1,138 crore in the previous year.
Haldia Petrochemicals managing director Swapan Bhowmik said the company intended to expand market share, increase production capacity and enhance competitiveness in future.
HPL is a joint venture project with Government of West Bengal, The Chatterjee Group, Tatas and Indian Oil Corporation as major stakeholders.