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WB govt assured 155 mn shares belonged to them: IOC

Last Updated: Sunday, June 01, 2014, 13:22

IOC has rued that the WB government has assured bidders that the contentious bundle of 155 mn shares of Haldia Petrochemicals belonged to them.

Will wait till March-end to take a call on HPL: IOC

Last Updated: Sunday, March 02, 2014, 13:18

Indian Oil Corporation (IOC), which had made a bid to buy out West Bengal government's stake in ailing Haldia Petrochemicals Limited (HPL), would wait till March 31 before taking a call on the matter.

WB Cabinet clears deck for incentive to Mitsubishi

Last Updated: Friday, January 31, 2014, 23:53

The West Bengal government has agreed to extend incentive to Mitsubishi Chemical Corporation, which has its plant in the state`s port city Haldia.

HPL disinvestment becoming uncertain, says IOC

Last Updated: Sunday, January 19, 2014, 14:49

State-run Indian Oil Corporation (IOC) Sunday said the disinvestment process of Haldia Petrochemicals Limited (HPL) has become totally uncertain.

IOC seeks refund of HPL earnest bid money

Last Updated: Wednesday, January 15, 2014, 11:21

Indian Oil Corporation (IOC), the sole bidder for stake in Haldia Petrochemicals Ltd (HPL), has sought the release of their earnest bid money, indicating withdrawal from the sale process.

IOC seeks discussion on Haldia with new industry minister

Last Updated: Friday, January 10, 2014, 16:16

State-owned Indian Oil Corporation, which emerged as the sole valid bidder for West Bengal government's stake in the troubled Haldia Petrochemicals Ltd, has sought discussion with Amit Mitra, the new industry minister of the state.

Pollution embargo causes Rs 50000 cr investment loss to Bengal

Last Updated: Saturday, December 21, 2013, 23:00

The environment embargo until recently in Haldia has caused Rs 50,000 crore investment delay or loss to West Bengal.

Haldia Petro networth erodes by 50%

Last Updated: Friday, November 22, 2013, 21:34

After a board meeting and EGM of Haldia Petrochemicals Ltd (HPL) here, Chatterjee said that every step would be taken to prevent the company from going to the Board for Industrial and Financial Reconstruction (BIFR).

Bengal govt may get Rs 1,688 cr from HPL at Rs 25 per share

Last Updated: Tuesday, October 15, 2013, 15:44

The West Bengal government may garner about Rs 1,688 crore for offloading its 39.9 percent stake in the ailing Haldia Petrochemicals Ltd (HPL) as Indian Oil Corporation has offered a bid price of Rs 25 per share, sources said.

WB govt accepts IOC bid for Haldia Petro stake

Last Updated: Thursday, October 10, 2013, 18:39

The West Bengal government Thursday said the sole bid of state-owned Indian Oil Corporation for WBIDC's 39.9 percent stake in troubled Haldia Petrochemicals Ltd (HPL) has been accepted.

IOC peeved at West Bengal govt's move on HPL

Last Updated: Tuesday, October 08, 2013, 16:30

"The situation is completely uncertain and the West Bengal government has defaulted on its part," a senior Delhi-based IOC official said.

Indian Oil is sole bidder for Haldia Petrochemicals

Last Updated: Monday, October 07, 2013, 17:09

In a surprise move, state-owned Indian Oil Corp (IOC) today emerged as the sole bidder for the West Bengal government's stake in Haldia Petrochemicals Ltd (HPL), with an offer of less than Rs 3,000 crore.