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HPL shutdown paves way for other petro majors to tap east

The shutdown of Haldia Petrochemicals Ltd (HPL) has paved the way for other giants in the sector to tap polymer market in the eastern region held by the region's petro major.

IOC seeks discussion on Haldia with new industry minister

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.

Haldia Petro networth erodes by 50%

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

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

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

"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

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.

RIL, IOC, GAIL-OIL to bid for HPL stake on Oct 7

Reliance Industries, Indian Oil Corp (IOC) and GAIL-OIL combine are likely to bid for buying West Bengal government's 31 percent stake in the beleagured Haldia Petrochemicals Ltd (HPL) on October 7.

Prospective bidders visit virtual data room for HPL

The six prospective bidders, who had evinced interest in buying out West Bengal government's stake in Haldia Petrochemicals Ltd (HPL), have visited the virtual data room of the company.

WBIDC approves sale of govt shares in Haldia Petrochem

The Board of West Bengal Industrial Development Corporation (WBIDC) Friday approved the sale of state government's shares in beleaguered Haldia Petrochemicals Ltd (HPL) through the auction route.

Amit Mitra to head GoM on Haldia Petrochemicals

West Bengal Finance Minister Amit Mitra has been assigned to head the group of ministers that has been formed to look into the affairs of cash-starved Haldia Petrochemicals Ltd (HPL) and suggest measures for its revival.

HPL eyes cash profit on improved market conditions

During the period from January 2012 till date, the average polymer prices were ruling higher than the price of the most crucial raw material, naphtha, he told reporters here on Saturday.

HC refuses stay on share transfer of HPL

The Calcutta High Court refused to pass an interim stay on any proposal for transfer of shares of Haldia Petrochemicals Ltd (HPL) to Indian Oil or ONGC.

Bengal minister becomes HPL chairman

The conversion of debt into equity may help the company, which eroded a major part of its peak net worth of Rs.2,844 crore this fiscal, avoid reporting to BIFR.

Bengal to seek legal opinion on Haldia verdict

Asserting that revival of the cash-starved Haldia Petrochemicals Ltd (HPL) is its top priority, the West Bengal government Saturday said it will take further steps after getting legal opinion on the aspects of the Supreme Court verdict on the share pattern of the company.