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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.

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.

ONGC to examine HPL stake offer from Bengal govt

Oil and Natural Gas Corporation (ONGC) on Friday said it would examine the commercial viability of Haldia Petrochemicals before deciding on participating in bidding for the shares on offer by the West Bengal government.