This ad will auto close in 10 seconds


HPL closure impact minimal on IOC

Indian Oil Corporation Friday said the impact of closure of Haldia Petrochemicals on its refinery was minimal as the facility had switched to other product mix.

TCG seeks extension of payment deadline for HPL shares

TCG Group, one of the promoters of ailing Haldia Petrochemicals Limited (HPL), has sought extension of deadline for payment of first tranche for buying out West Bengal government's shares in HPL.

'HPL faltered on export commitment against advance license'

The ailing Haldia Petrochemicals Limited, whose plant is under closure since last six months, failed to meet export commitment for which it had got advance licenses.

Share transfer of HPL to TCG a complex transaction: WBIDC

The proposed partial transfer of West Bengal Industrial Development Corporation (WBIDC) shares in Haldia Petrochemicals Limited (HPL) to TCG was a complex transaction with lots of conditionalities, a source in the state agency said.

West Bengal to transfer its shares to TCG in HPL

The West Bengal government has decided to transfer its shareholding in favour of Purnendu Chatterjee's TCG, which was also a major shareholder in troubled Haldia Petrochemicals Limited (HPL).

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 says Bengal's silence on HPL 'surprising'

The executive said that although IOC had close to nine percent stake in HPL at present, the oil PSU had been eyeing a berth on HPL's board for long.

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

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.

HPL disinvestment becoming uncertain, says IOC

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

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.

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.

HPL disinvestment to be completed in time: Partha

The West Bengal government, through its investment arm WBIDC, gave public notification inviting expressions of interest (EoI) from parties to buy out its stake in HPL.

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.

HPL plans to hike production for turnaround

Chatterjee, who is also the chairman of HPL, said the firm was planning to produce 240 tonnes per hour (tph) from 180 tph.

Partha Bhattacharya resigns, new twist to HPL saga

After the company's board meeting here, Chairman of HPL and West Bengal Industry Minister Partha Chatterjee said "Bhattacharya has resigned as managing director of the company."

ONGC interested in Haldia Petrochemicals

State-owned Indian Oil Corp (IOC) owns nine per cent stake in HPL.

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.