Bina’s Progress Reached 11% by the End of March 2025
Before counting 13 projects as added supply, how should we read Bina’s start-up and the gross margin left in converting?
India’s large polyethylene projects do not carry the same degree of certainty over their completion dates. To separate Bina from Cuddalore, which are at different stages, and gauge the impact on Japan, start with landed prices.
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Translated from Japanese by AI. The Japanese original is authoritative.

The Bina petrochemical project had reached 11% progress by the end of March 2025. Completion is scheduled for May 2028. The figure confirmed in the cited annual report is as of March 2025.
At the same time, GlobalData counts 13 polyethylene capacity additions planned in India by 2030. Reading the project count directly as production volume or a supply start date would mean estimating changes in the film market too early.…
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Sources
- GlobalData / 2026-10-13
- Bharat Petroleum Corporation Annual Report 2024–25 / 2025
- Argus Media / 2021-12
- Haldia Petrochemicals Annual Report FY2024–25 / 2025-05-30
- Plastindia Foundation Plastic Industry Status Report FY25 / 2026
- CPMA India Country Paper 2025 / 2025
- OPaL Annual Report 2024–25 / 2025
- TCPL Packaging Annual Report 2024–25 / 2025-07
- TCPL Packaging Annual Report 2023–24 / 2024-07
- Business Standard / 2024-03-31
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