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Haldia Petrochemicals stake sale bids soon

Haldia Petrochemicals stake sale bids soon

For the stake sale of Haldia Petrochemicals (HPL), final price bids are expected to be submitted by mid September, according to officials with direct knowledge of the matter. Earlier, West Bengal government, which holds about 40 per cent stake in eastern IndiaÂ’s biggest petrochemical company had said it will select the final bidder by end of September. That looks almost impossible as bidders had raised issues with the share purchase agreement.

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IOC, ONGC to bid for stake in HPL

IOC, ONGC to bid for stake in HPL

West Bengal government may invite joint bidding by Indian Oil Corporation and Oil & Natural Gas Corporation (ONGC) for selling its about 40 per cent stake in Haldia Petrochemicals (HPL). It is learnt that besides IOC, and ONGC, RIL, Cairn India, and GAIL are also eyeing the stake. The state government rejected Reliance IndustriesÂ’ (RIL) plea for an open auction for stake sale as it already announced it woul

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ONGC to take a call on stake buy in HPL

ONGC to take a call on stake buy in HPL

Oil and Natural Gas Corp (ONGC) will decide whether to bid for the West Bengal government's 40 per cent stake in Haldia Petrochemicals (HPL) It may be recalled that the state government invited expressions of interest (EoIs) through West Bengal Industrial Development Corporation for selling its stake in

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IOC seeks clarity before raising stake in HPL

IOC seeks clarity before raising stake in HPL

Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake

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IOC seeks clarity before raising stake in HPL

IOC seeks clarity before raising stake in HPL

Indian Oil Corporation (IOC), which holds nearly nine per cent stake in Haldia Petrochemicals (HPL), would decide on raising its stake once clarity emerges, RS Butola, Chairman of IOC informed. The firm is expecting clarity on the first right of refusal by another promoter, The Chatterjee Group (TCG), on the stake

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IOC plans to raise stake in HPL

IOC plans to raise stake in HPL

Indian Oil Corporation (IOC) plans to raise its shareholding in the cash strapped Haldia Petrochemicals as the firm expects to reap many synergies with HPL. IOC has a big refinery in the area neighbouring HPL. Also, its pipelines are connected with HPL, Indrajit Bose, Exec

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Image makeover

Image makeover

NC Jha, Director Technical, took charge as the acting Chairman of Coal India (CIL) after Partha S Bhattacharya retired on February 28.