New York Based Multi Billion Dollar TCG Group Appoints Anand As CEO Of Polymer Projects
- ByStartupStory | July 17, 2021
New York based multi billion dollar TCG group appoints Anand as CEO of polymer projects. He will be the head of business for developing and implementing large- scale polymer projects with sustainability focus,including oil-to-ploymer complex across the country and the rest of the world. He will primarily look after the upcoming petrochemical project of the group in Tamil Nadu. Purnendu Chatterjee les TCG operates generally ar Rs10,000 grote Haldia Petrochemicals in West Bengal had acquired Nagarjun Oil Con through NCLT this year. They have also acquired shares in Garden Vareli Silk Mill this year through NCLT. A close source associated with the company confirmed that TCG will start the project at Cuddalore which is in Tamil Nadu somewhere around the end of this year.
Sources further added,”The investment in the project would be worth a few billion dollars and it will be of international scale.” However nothing official has yet been divulged from the company. In June 2020, TCG Group and Rhone Capital completed the joint acquisition of Lummus Technology at an Enterprise Value of $2.725 billion from McDermott International. According to the TCG Group, Anand will be solely responsible for taking forward the company’s OToP projects, which will include development along with design and licencing technology across the globe with their bespoke ‘Design One and Build Mamy’ business model. Anand previously was the CRO of Nayara Energy, driving growth and strategy for their business and successfully altering the erstwhile Essar Oil into a new age company altogether. Anand is to start as the CEO of TCG group from September 2021.
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